Mr. Brett Richards reports

PASOFINO GOLD PROVIDES UPDATE ON THE COMPANY'S ANNUAL GENERAL AND SPECIAL MEETING

Pasofino Gold Ltd. has provided an update to its shareholders on details regarding the company's coming annual general and special meeting, which is to be held at Fasken Martineau DuMoulin LLP, 333 Bay St., Suite 2400, Toronto, Ont., Canada, M5H 2T6, on Oct. 28, 2025, at 10 a.m. Toronto time. The company confirms the availability of its meeting materials and wishes to advise its shareholders, due to the Canada Post mail strike, of alternative ways to vote their shares for the meeting.

The meeting is being held for the following purposes:

1. To receive and consider the report of the directors and to receive and consider the audited financial statements for the fiscal years ended April 30, 2025, and April 30, 2024, together with the report of the auditor thereon;
2. To reappoint McGovern Hurley LLP, chartered accountants, as auditor for the ensuing year and to authorize the directors of the company to fix the remuneration to be paid to the auditor;
3. To fix the number of directors of the company for the ensuing year at six;
4. To elect the directors of the company for the ensuing year;
5. To consider and, if deemed advisable, to pass, with or without variation, an ordinary resolution to reapprove the company's proposed long-term incentive plan, a copy of which is attached as Schedule A to the management information circular of the company dated Sept. 24, 2025; and
6. To transact such other business as may properly be transacted at such meeting or at any adjournment thereof.

Electronic copies of the notice of meeting, circular, form of proxy and all other proxy-related materials have been filed and are available under Pasofino's SEDAR+ profile and are posted under the heading "Investors" on the company's website. Shareholders are encouraged to access them by SEDAR+ and the company's website, or to contact Lincoln Greenidge, the company's chief financial officer, at 416-451-0049 or by e-mail at lgreenidge@pasofinogold.com to obtain copies. In the event that the mail strike ends prior to the meeting, the company will mail the meeting materials in the normal course, but there can be no assurance that the meeting materials will be received by the shareholders prior to the meeting.

Shareholders are not required to be present at the meeting and can vote their shareholdings in advance of the meeting. All proxies must be received by the company's transfer agent, Computershare Investor Services Inc., by 10 a.m. Toronto time on Oct. 24, 2025.

Registered shareholders may vote on-line or vote by telephone by following the instruction on the form of proxy. Registered shareholders who require their voting control numbers may obtain the voting control numbers by calling Computershare at 1-800-564-6253 (toll-free in North America) or 1-514-982-7555 (international direct dial).

Beneficial holders should contact their brokerage house or depositary company directly as each intermediary has its own form of proxy return instructions.

Copies of the company's audited financial statements and management's discussion and analysis for the fiscal years ended April 30, 2025, and April 30, 2024, have been filed and are available on the company's SEDAR+ profile. The company will provide physical copies of the financial statements and MD&A to shareholders upon request by e-mail at lgreenidge@pasofinogold.com. Following the conclusion of the mail strike, shareholders requesting financial statements and MD&A will be delivered those documents in the ordinary course.

The company has complied with the filing requirements for proxy-related materials in Section 9.3 of National Instrument 51-102 (Continuous Disclosure Requirements) and has posted them on its website. Due to the continuing Canada Post strike, delivery of printed copies to certain registered shareholders may be delayed. Shareholders are encouraged to access the materials on-line and may vote their shares electronically or by telephone, without using the mail, as described in this news release. The company will mail printed copies to registered shareholders who request them as soon as practicable after regular postal service resumes. The company continues to monitor guidance from Canadian securities regulators and will take any additional steps required to remain compliant as further updates become available.

About Pasofino Gold Ltd.

Pasofino is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (VEIN).

Pasofino, through its wholly owned subsidiary, owns 100 per cent of the Dugbe gold project (prior to the issuance of the government of Liberia's 10-per-cent carried interest).

We seek Safe Harbor.