Mr. Geoff Hampson reports

SOMA GOLD ANNOUNCES APPOINTMENT OF SERGIO RIOS AS PRESIDENT AND GRANT OF STOCK OPTIONS

Soma Gold Corp. has appointed Sergio Rios as president of the company, effective immediately. Geoff Hampson will continue to serve as chief executive officer and chairman of the board.

Mr. Rios brings nearly 30 years of experience in Central American gold mining. From 2006 to 2014, he served as president of Hemco Nicaragua SA, operator of the Bonanza gold mine, where he helped grow the operation from a 29,000-ounce-per-year producer into a diversified natural resources group. While at Hemco, he designed and implemented the artisanal mining model (modelo bonanza), which organizes artisanal miners into legalized, accredited cooperatives that deliver ore to a dedicated plant for mercury-free processing, with full traceability from extraction to refinery. Mr. Rios has since applied the model to develop three plants: two during his tenure as president of Hemco and one additional one as an independent operator. Earlier in his career, he held senior roles with Greenstone Resources and RNC Gold Ltd., a Toronto Stock Exchange-listed producer acquired by Yamana Gold in 2006. Mr. Rios also served as president of the Mining Chamber of Nicaragua from 2007 to 2019 and as president of the Federacion Minera Centroamericana y del Caribe.

Mr. Hampson, Soma's chief executive officer and chairman, stated: "We are very pleased to welcome Sergio to Soma. His experience will be a valuable addition to the management team as we work to ramp up production, accelerate the formalization of small miners on the company's properties and advance the company's growth strategy. On behalf of the board, I look forward to working with him."

Stock option grant

Soma also announces that, on Sept. 24, 2026, it granted an aggregate of 1.25 million incentive stock options to two officers of the company pursuant to its equity incentive plan. The company granted one million options to its president, exercisable at 60 cents per share, and 250,000 options to its vice-president, capital markets, exercisable at 74 cents per share. The options have a five-year term, expiring Sept. 24, 2031, and vest in one-third on each of the first, second and third anniversaries of the grant date. The grant of the options remains subject to acceptance by the TSX Venture Exchange.

About Soma Gold Corp.

Soma Gold is a mining company focused on gold production and exploration. The company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tonnes per day (and permitted capacity for 1,400 tonnes per day). The El Bagre mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program.

With a solid commitment to sustainability and community engagement, Soma Gold is dedicated to achieving excellence in all aspects of its operations.

The company also owns an exploration property near Tucuma, Para state, Brazil, that is currently under option to Ero Copper Corp.

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