Mr. Robert Vallis reports

TIGER GOLD COMMENCES TRADING AND PROVIDES PROJECT UPDATE: DRILLS TURNING AT QUINCHIA

Tiger Gold Corp. (formerly Badger Capital Corp.) will commence trading on the TSX Venture Exchange today under the symbol TIGR. The company is also providing a high-level update on its current exploration activities and key catalysts for 2026 at the Quinchia gold project in Colombia:

Highlights:

• The company's first 10,000-metre phase 1 drill program is under way;
• Two drill rigs on site and infill drilling at Tesorito, with a third rig scheduled for January;
• Multiple follow-up targets being advanced for drilling in 2026;
• Launch phase 2 drill program;
• Tesorito mineral resource update;
• Phase 2 engineering and metallurgical studies;
• Update mineral resources and PEA (preliminary economic assessment) engineering assumptions;
• Continuing community and stakeholder engagement to support responsible long-term advancement of the Quinchia gold project;
• Positioning the project to proceed with prefeasibility level studies.

"The TSX-V's approval of our listing is a major milestone for Tiger as we transition into being a publicly traded company," said Robert Vallis, president and chief executive officer of Tiger. "The listing will enhance our visibility and broaden our audience as we advance drilling at the Quinchia project, bring additional high-priority targets into the drill queue in the New Year and continue working to unlock the significant exploration potential at Quinchia."

Tiger's phase 1 drill program at the Quinchia gold project commenced in November and continues to ramp up. Two rigs are currently active on site at Tesorito, and a third drill rig is scheduled for delivery in January.

The phase 1 program is planned for 10,000 metres of drilling, including 6,000 metres at Tesorito, focused upon infill and extension drilling intended to upgrade and expand the mineral resource. The balance of the phase 1 program is intended to test additional high-priority targets at Quinchia.

In parallel with drilling, the company is advancing mapping, sampling and modelling to support upcoming drilling at Dos Quebradas, Miraflores and other nearby high-priority targets. The company also continues community, environmental and stakeholder engagement to support responsible long-term advancement of the project.

Following the completion of phase I, the company anticipates launching a second 10,000-metre phase 2 drill program, together with environmental and engineering work to support assessment of next steps for the project in anticipation of moving towards commencing prefeasibility level studies.

The Quinchia project is located approximately 20 kilometres south of Aris Mining's (Toronto Stock Exchange: ARIS) Marmato gold mine and Collective Mining's (TSX: CNL) (New York Stock Exchange: CNL) Guayables and San Antonio projects, in what is becoming one of South America's most exciting districts for gold mining and exploration. The Quinchia gold project benefits from an exceptional location, close to an operating mine, with excellent access and proximity to existing infrastructure, including road, rail and clean, low-cost, renewable hydroelectric grid power.

Mineral resource estimates for Miraflores and Tesorito, and the historical estimate for Dos Quebradas, are summarized in the mineral resource estimate section of this release.

Quinchia sits in an increasingly proven gold district, and the company believes the broader system remains underexplored beyond the current resource areas. Over the balance of 2026, drilling and fieldwork will focus on expanding the footprint and prioritizing the next set of drill-ready targets.

Mineral resource estimates

The Quinchia gold project includes current mineral resource estimates for the Miraflores and Tesorito deposits with an effective date of July 31, 2025. The mineral resources were estimated using Canadian Institute of Mining (2014) Standards on Mineral Resources and Reserves, Definitions and Guidelines. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Miraflores gold deposit (effective July 31, 2025)

A cut-off grade of 1.37 grams per tonne AuEq (gold equivalent) has been applied to define the underground resource reporting shape.

• Measured: 2.8 Mt (million tonnes) at 2.75 g/t Au for 0.24 Moz Au and 2.37 g/t Ag for 0.21 Moz (million ounce) Ag;
• Indicated: 3.3 Mt at 2.52 g/t Au for 0.27 Moz Au, and 2.20 g/t Ag for 0.23 Moz Ag;
• Inferred: 0.08 Mt at 2.81 g/t Au for 0.01 Moz Au, and 2.54 g/t Ag for 0.01 Moz Ag.

Tesorito gold deposit (effective July 31, 2025)

An open-pit cut-off grade of 0.20 g/t Au has been applied.

• Inferred: 104 Mt at 0.47 g/t Au for 1.57 Moz Au, and 0.58 g/t Ag for 1.96 Moz Ag.

Dos Quebradas deposit -- historical estimate

The most recent historical mineral resource estimate for the Dos Quebradas deposit was prepared by Resource Development Associates Inc. (RDA) with an effective date of Feb. 25, 2020, and reported by LCL in accordance with the Joint Ore Reserves Committee Code (2012). The historical estimate is as follows:

• Inferred mineral resource: 20.2 Mt at 0.71 g/t Au (459,000 ounces Au) using a 0.5 g/t Au cut-off.

This estimate is considered historical in nature and has not been verified by Tiger Gold or the qualified person. A qualified person has not done sufficient work to classify this historical estimate as a current mineral resource, and Tiger Gold is not treating the historical estimate as a current mineral resource. Recommended work programs include assaying of historical core to confirm grades, database validation and verification to ensure data integrity, check surveys to verify drill hole locations and updated geological modelling to align with current CIM standards.

Investor relations agreement

The company also announces that it has entered into a consulting services agreement with Capital Analytica dated Dec. 19, 2025, for a six-month term, subject to renewal. The company has agreed to pay Capital Analytica an aggregate of $150,000 for services to be provided commencing on the effective date of the agreement, including capital markets and social media consultation, social sentiment reporting, social engagement reporting, news release and corporate video dissemination, and marketing communications services. In addition, the company has agreed to grant Capital Analytica stock options to purchase 150,000 common shares of the company at a price of 50 cents per share for period of two years from the date of grant.

Jeff French is the principal of Capital Analytica and will be responsible for all activities related to the company. Capital Analytica and its principal are arm's length to the company. Capital Analytica is based in Nanaimo, B.C., and can be reached via e-mail: jeff@capitalanalytica.com.

Qualified person

The pertinent scientific and technical information contained in this news release has been reviewed and approved by Jeremy Link, MEng, PEng, vice-president, corporate development, of Tiger Gold, who is a qualified person as defined by National Instrument 43-101.

About Tiger Gold Corp.

Tiger is a growth-oriented mining exploration and development company focused on advancing its flagship asset, the Quinchia gold project, a multimillion-ounce gold deposit in the prolific Mid-Cacau belt in Colombia, which Tiger holds under an option to acquire a 100-per-cent interest. Tiger is led by a multidisciplinary team of experienced mine builders, engineering, metallurgical, ESG (environmental, social and governance) and corporate finance professionals who have brought numerous mines into production at globally recognized mining companies including AngloGold Ashanti, Barrick Gold Corp., Yamana Gold Inc. and B2Gold Corp. Tiger is led by president and chief executive officer Robert Vallis, who brings a strong record of strategic leadership and execution in the mining sector, including his role in the $9.5-billion (U.S.) acquisition and integration of Placer Dome by Barrick, as well as the $3.9-billion (U.S.) joint acquisition of Osisko Mining by Yamana and Agnico Eagle Mines Ltd.

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