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Stellar AfricaGold Inc (2)
Symbol SPX
Shares Issued 64,970,784
Close 2026-01-06 C$ 0.14
Market Cap C$ 9,095,910
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Stellar AfricaGold pauses drilling at Tichka Est

2026-01-07 13:00 ET - News Release

Mr. Francois Lalonde reports

STELLAR AFRICAGOLD UPDATES DRILLING ACTIVITIES AT THE TICHKA EST GOLD PROJECT, MOROCCO

Stellar AfricaGold Inc. has provided update on the exploration and drilling program at Tichka Est gold project in the High Atlas of Morocco.

1. Drilling program progress

Summary of drilling progress to Dec. 12, 2025:

  • Eight diamond drill holes completed, totalling 1,311.9 metres;
  • Average drilling rate of 11 metres per operating day;
  • Since Dec. 12, 2025, drilling operations have been suspended due to exceptional inclement weather conditions, including heavy rains and repeated snowfalls in the area of the project.

Status of drill holes:

  • Five drill holes have been fully sampled and assayed, including TCK1 (see news release dated Oct. 2, 2025, for details of TCK1 assay results), which intersected multiple gold-bearing intervals (13 metres of 6.12 grams per tonne Au including two metres of 22.28 g/t Au, and 16 metres of 1.98 g/t Au including one metre of 11.55 g/t Au);
  • Assay results are being reviewed and analyzed;
  • One drill hole has been sampled and is currently at Afrilab, an ISO-certified laboratory in Marrakech, for analysis;
  • Cores from two drill holes are pending transport from Tichka Est project site to Afrilab for analysis;
  • Two final drill holes remain to be drilled which will complete the planned 1,500-metre drill program.

All pending assays results will be released once they are received, validated, compiled, analyzed and integrated into the geological working model.

About the weather-related delay.

Notwithstanding the 2,500-metre elevation of the Tichka Est gold project, these adverse weather conditions over this length of time are relatively unusual events for this area of Morocco. However, the significant rains and snow have impaired access to the Tichka Est project site and infrastructure, specifically:

  • Access roads to the drill site have been degraded and rendered impassable interrupting safe access for personnel, equipment and water supplies, and support logistics.
  • Despite the diligent and continuing efforts by the Stellar field team to rehabilitate and stabilize the road network during this period, progress has been repeatedly interrupted by new episodes of rain and snow, leading to additional closures of key access routes.

Stellar's priority remains the safety of personnel and the integrity of equipment. The company continues to monitor conditions closely and will resume drilling operations as soon as weather conditions improve, and safe access and operations is assured.

Next steps

Over the coming weeks, the company will:

  1. Resume drilling as soon as weather permits and access roads have been rehabilitated;
  2. Continue the integration of all drill assays and structural measurements;
  3. Update lithological and alteration models;
  4. Prioritize targets for the next drill campaign.

CEO commentary

"In spite of the recent unavoidable weather-related interruption we are very pleased with the dedication and commitment of our on-site team and with the technical progress achieved thus far during this campaign. The structural model for Tichka Est remains valid and the potential to expand mineralized zones within and beyond the Zone B structural corridor is still very strong. We look forward to resuming drilling and advancing surface prospecting as soon as weather permits and operations can be conducted safely and efficiently," said J. Francois Lalonde, chief executive officer, Stellar AfricaGold.

Qualified person

The technical information contained in this release has been reviewed and approved by Yassine Belkabir, CEng MIMMM, a Stellar director and a qualified person under National Instrument 43-101.

About the Tichka Est gold project

The Tichka Est Gold project comprises seven permits covering an area of 82 square kilometres located in the High Altas region of Morocco approximately 90 km south of Marrakech. Under an earn-in agreement with Morocco's National Office for Hydrocarbons and Mining (ONYHM) Stellar can earn an 85-per-cent interest after incurring exploration expenditures totalling $2.39-million (U.S.) ($3.5-million) over three years.

To date early stage exploration (mapping, sampling, trenching and a small first pass RC (reverse circulation) drill program) has identified three gold-bearing zones: Zone A extending over 450 metres along strike, Zone B: extending over two kilometres along strike and Zone C extending over two kilometres along strike. Additionally, regional stream sediment sampling over a 12-square-kilometre area surrounding the three known gold zones identified numerous other metal anomalous zones that warrant further mapping and sampling. In total the following anomalies have been highlighted: six zones anomalous for gold, five zones anomalous for silver, two zones anomalous for copper and three zones anomalous for lead and zinc. Most areas of the seven permits have never received any modern exploration.

About Stellar Africagold Inc.

Stellar AfricaGold is a Canadian precious metal exploration company focused on precious metals in North and West Africa, with active programs in Morocco and Ivory Coast. Stellar's principal exploration projects are its advancing gold discovery at the Tichka Est gold project in Morocco, and its early stage exploration Zuenoula gold project in Ivory Coast, which is now operated in joint venture with MetalsGrove Mining Ltd. subsidiary, MetalsGrove CDI Pty. Ltd.

The company is listed on the TSX Venture Exchange symbol SPX, the Tradegate Exchange symbol 6YP and the Frankfurt Stock Exchange symbol 6YP.

The company maintains its head office in Vancouver, B.C., and has a country office in Marrakech, Morocco.

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