Mr. Peter Mah reports

SPANISH MOUNTAIN GOLD ENGAGES ATRIUM RESEARCH CORPORATION

Spanish Mountain Gold Ltd. has engaged the services of Atrium Research Corp., a leading company-sponsored research firm. Atrium will produce a range of research services to the company and present the company's investment case to potential investors. Atrium will also host video interviews with the company's management team to present the investment case in an interview format. In exchange for its research services, Atrium will receive cash compensation in the amount of $3,400 per month. The services will be provided for an 18-month term and will commence on the date of TSX Venture Exchange approval.

Atrium and the company are arm's-length parties, and neither Atrium nor its insiders hold any shares or options to purchase shares in the issued and outstanding capital of the company.

The agreement with Atrium is subject to TSX-V approval and will not commence until final approval has been received.

About Spanish Mountain Gold Ltd.

Spanish Mountain is focused on advancing its 100-per-cent-owned Spanish Mountain gold project toward construction of the next gold mine in the Cariboo gold corridor, British Columbia. On Aug. 18, 2025, the company filed a National Instrument 43-101 technical report on SEDAR+ that sets out the project's derisked and optimized preliminary economic assessment, with an updated mineral resource estimate. The company will continue to advance the project to position the company to make a construction decision in or before 2027. It is striving to be a leader in community and indigenous relations by leveraging technology and innovation to build the greenest gold mine in Canada. The relentless pursuit for better gold means seeking new ways to achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful sustainability for communities.

We seek Safe Harbor.