Mr. Robert Vallis reports

TIGER GOLD MOBILIZES THIRD DRILL RIG AND COMMENCES DRILLING AT DOS QUEBRADAS

A third diamond drill rig has arrived on site at Tiger Gold Corp.'s Quinchia gold project in Colombia and has commenced drilling at the high-priority Dos Quebradas target area. The Dos Quebradas program forms part of Tiger's broader initial 10,000-metre phase 1 drill program. The Quinchia gold project is located in central Colombia's prolific Mid-Cauca gold belt, approximately 20 kilometres south of Aris Mining's Marmato gold mine, and Collective Mining's Guayabales and San Antonio projects.

The company has mobilized its third drill rig to Dos Quebradas, and drilling has commenced on an initial 1,000-metre program focused on advancing high-priority targets, strengthening the geological framework and refining the company's exploration model, building upon encouraging fieldwork and modelling completed in the fourth quarter of 2025. Two diamond drill rigs continue drilling at Tesorito. Assays are pending from multiple drill holes completed at Tesorito and will be reported in due course.

Robert Vallis, president and chief executive officer, commented: "Mobilizing a third rig and commencing drilling at Dos Quebradas is a key step in executing upon our plan to expand drilling across the Quinchia gold project. With one rig now turning at Dos Quebradas and two rigs continuing at Tesorito, we are well positioned to advance multiple high-priority targets in parallel and to deliver regular news flow as results are received."

Dos Quebradas is located approximately three kilometres northwest of the Tesorito and Miraflores deposits. Historical drilling at Dos Quebradas comprises 23 diamond drill holes totalling 9,326 metres completed between 2011 and 2012. The most recent historical mineral resource estimate for the Dos Quebradas deposit was prepared by Resource Development Associates Inc. with an effective date of Feb. 25, 2020, and reported by LCL Resources Ltd. in accordance with the Joint Ore Reserves Committee Code (2012). The historical estimate consisted of an inferred mineral resource of 20.2 million tonnes at 0.71 gram of gold per tonne (for 459,000 ounces of gold) using a 0.5 g/t Au cut-off.

The historical Dos Quebradas estimate was based upon 19 diamond drill holes (8,824 m) drilled on 25-metre section spacing, defining mineralization over an approximately 400-metre-by-300-metre area from surface to an approximately 550-metre depth. Mineralization is hosted within diorite porphyry and intrusive breccias.

This estimate is considered historical and has not been verified by Tiger. A qualified person has not done sufficient work to classify this estimate as current, and Tiger is not treating it as current. Recommended work programs include assaying of historical core to confirm grades, database validation and verification to ensure data integrity, and updated geological modelling to align with current Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards for Mineral Resources and Mineral Reserves. Tiger considers Dos Quebradas an exploration prospect within the Quinchia gold project, with potential requiring further drilling and evaluation.

Mineral resources and preliminary economic assessment

The Quinchia gold project includes mineral resource estimates for the Miraflores and Tesorito deposits with an effective date of July 31, 2025. The mineral resources were estimated using CIM Definition Standards for Mineral Resources and Mineral Reserves (2014) and in accordance with CIM Mineral Resources and Mineral Resources Best Practice Guidelines (2019). Mineral resources that are not mineral reserves do not have demonstrated economic viability.

Tesorito gold deposit

At an open-pit cut-off grade of 0.20 g/t Au:

• Inferred: 104 million tonnes at 0.47 g/t gold for 1.57 million ounces Au, and 0.58 g/t silver for 1.96 Moz Ag.

Miraflores gold deposit

At an underground cut-off grade of 1.37 g/t gold equivalent:

• Measured: 2.8 Mt at 2.75 g/t Au for 240,000 oz Au, and 2.37 g/t Ag for 210,000 oz Ag;
• Indicated: 3.3 Mt at 2.52 g/t Au for 270,000 oz Au, and 2.20 g/t Ag for 230,000 oz Ag;
• Measured and indicated: 6.1 Mt at 2.62 g/t Au for 510,000 oz Au, and 2.28 g/t Ag for 440,000 oz Ag;
• Inferred: 80,000 t at 2.81 g/t Au for 10,000 oz Au, and 2.54 g/t Ag for 10,000 oz Ag.

Quinchia gold project PEA

A preliminary economic assessment and technical report for the Quinchia gold project (effective Sept. 18, 2025) were completed by Ausenco Engineering and filed on SEDAR+ on Dec. 10, 2025.

The PEA base case evaluated the Quinchia gold project's Miraflores and Tesorito deposits at a $2,650 (U.S.)-per-ounce-gold price and $29.51 (U.S.)-per-ounce-silver price using a discounted cash flow analysis at a 5-per-cent discount rate and, based upon the assumptions set out in the technical report, resulted in a posttax net present value (5 per cent) of $534-million (U.S.), an internal rate of return of 21.3 per cent and a payback period of 3.83 years. Over the 10.2-year mine life, the PEA reported average annual payable production of 138,000 oz of gold and 104,000 oz of silver (141,000 oz gold equivalent), with cash costs of $1,199 (U.S.) per oz Au and all-in sustaining costs of $1,340 (U.S.) per oz Au. The PEA also outlined an upside case at $3,700 (U.S.) per oz Au that yielded a posttax net present value (5 per cent) of $1.188-billion (U.S.) and an internal rate of return of 36.5 per cent.

The PEA is, by definition, preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA results will be realized.

Qualified person

The pertinent scientific and technical information contained in this release has been reviewed and approved by Jeremy Link, MEng, PEng, Tiger's vice-president, corporate development, who is a qualified person as defined by Canadian Securities Administrators' within the meaning of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Investor relations agreement

The company is pleased to announce that it has entered into a consulting agreement with Brisco Capital Partners Corp. pursuant to which Brisco will provide marketing and communications services to the company for a 12-month term, including representing the company at trade shows, liaising with the investment community, introducing the management of the company to investors and assisting in the presentation of information to potential investors. The company has agreed to pay Brisco $100,000 in quarterly instalments, as well as an attendance fee for trade shows of $5,000 per day or $10,000 per week. Based out of Calgary, Scott Koyich is the principal of Brisco and will be responsible for all activities related to the company. Brisco and its principal are arm's length to the company, and Brisco has no present interest, directly or indirectly, in the company or its securities. Subject to the approval of the TSX Venture Exchange, the company shall grant Brisco 100,000 options at a price of 80 cents per share for a period of two years, which shall vest quarterly over 12 months.

Grant of restricted share units

The company further announces that it has granted an aggregate 2.27 million restricted share units to certain directors and officers of the company. The RSUs are governed by the company's share unit plan, and will be subject to applicable securities law hold periods and certain vesting provisions.

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 project in the prolific Mid-Cauca belt of 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, 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, Yamana Gold and B2Gold. 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 Gold, as well as the $3.9-billion (U.S.) joint acquisition of Osisko Mining by Yamana Gold and Agnico Eagle Mines.

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