Mr. Fausto Di Trapani reports

TIERNAN GOLD ANNOUNCES GRANT OF DEFERRED SHARE UNITS

Tiernan Gold Corp. has granted an aggregate of 21,486 deferred share units (DSUs) to non-executive directors of the company under the company's omnibus equity incentive plan adopted on Oct. 16, 2025. Each DSU entitles the holder to receive one common share of the company, a cash payment equal to the value of one common share of the company, a combination thereof, or otherwise as determined at the sole discretion of the company, following the holder ceasing to be a director of the company.

The DSUs vest one year from the date of grant and have been granted for the third quarter (Q3 2026) at a price of $6.66 per share. The company's grant of DSUs is in addition to cash compensation fees payable to its non-executive directors.

About Tiernan Gold Corp.

Tiernan Gold is focused on the disciplined derisking of the Volcan gold project strategically located in the Atacama region of Chile, on the Maricunga gold belt, a jurisdiction that has a long-established history of mining with a number of operating mines, new mines under construction and major projects being developed.

We seek Safe Harbor.