Mr. Glenn Mullan reports

VAL D'OR MINING EXPLORATION UPDATE PERESTROIKA PROSPECT ELDORADO OPTION

Val d'Or Mining Corp. has commenced an 8,000-metre diamond drilling program on the Perestroika prospect. The property is in Courville township, Quebec, located approximately 40 kilometres northeast of Val d'Or, Que.

The Perestroika property is under option to Eldorado Gold (Quebec) Inc. who may earn a 70-per-cent interest in each of the Murdoch Creek, Claw Lake, Cook Lake and Perestroika properties, on the terms detailed below.

2026 diamond drill program outline and objectives

The 2026 diamond drilling program is budgeted at $1.37-million (U.S.). The program consists of 20 planned holes totalling approximately 8,000 metres, utilizing two diamond drill rigs. The number of holes will depend on the final depths and results obtained for each hole drilled.

This is a phase III diamond drilling program, intended to follow-up on promising gold values from the 2024 and 2025 drill programs. For specific details on the regional/property geology, program objectives and the highlighted gold assay intersections from the 2024 and 2025 drill programs, including drill hole location maps and table of assay highlights, the reader is referred to the Val d'Or Mining's Dec. 19, 2024 (assays for holes PE-24-001 through to PE-24-008, GPS-09-01 EXT and GPS-09-02 EXT), and Sept. 26, 2025 (assays for holes PE-25-10 and PE-25-012 through to PE-25-020), news releases.

The objectives of the drill program are as follows:

• Test the hypothesis that the quartz-ankerite gold-bearing veins are stacked in an alignment parallel to the stretching lineation (steeply plunging northeast);
• Test for the presence of multiple shoots of high-density stacked vein arrays;
• Follow-up drilling on the intercepts present in PE-24-005 (0.50 metre at 213.08 grams per tonne Au) and PE-25-013 (1.30 m at 46.36 g/t);
• Testing the lateral continuity of the quartz-ankerite vein system and determine the areas where the vein density is the highest;
• To test for possible parallel mineralized shear zones north and south of the identified dike swarm corridor (highest density of the subparallel mineralized extensional quartz-carbonate-pyrite veins are concentrated primarily within an intermediate-felsic dike swarm).

Eldorado is the project operator. Results from the current drill program will be reported on once received.

Summary of results from the 2024 to 2025 drill programs:

• Most of the observed gold mineralized veins are flat and extensional;
• The felsic dike and the gold mineralization are associated with pervasive sericitization;
• The highest density of extension quartz-ankerite veins are hosted in felsic intrusive dikes, within an estimated 150-to-200-metre-wide shear zone corridor;
• Every single hole drilled in the 2025 program returned anomalous gold intervals;
• The best interval was intersected in PE-25-012: 16.30 m at 4.01 g/t Au, including 0.50 m at 66.30 g/t Au;
• 500 metres southeast, PE-25-019 returned 4.60 m at 12.35 g/t Au;
• A parallel gold-bearing shear zone was identified in PE-25-013: 1.00 m at 46.36 g/t Au, extending the footprint of the mineralized corridor by 1,000 metres to the northwest;
• Based on the results from PE-25-013 (extreme northwest) and PE-25-019 (extreme southeast), the shear corridor is mineralized over its entire investigated strike length (1,500 m) and is open along strike, and at depth;
• Potential discovery potential to find mineralized parallel structures, that is the shear intersected in PE-24-005, located approximately 250 to 300 metres south of the main shear corridor that returned an intersection of 0.50 m at 213.08 g/t Au.

Drill hole highlights:

Seven selected diamond drill hole intervals showing potential economic gold grades and thickness:

• GPS-09-01: 2.77 m at 26.18 g/t Au (261.65 m to 264.42 m), including 0.30 m at 217.00 g/t Au;
• GPS-09-02: 3.05 m at 20.69 g/t Au (140.40 m to 143.45 m), including 0.37 m at 121.50 g/t Au;
• PE-24-004: 8.60 m at 4.45 g/t Au (154.40 m to 163.00 m), including 0.50 m at 35.12 g/t Au;
• PE-25-012: 16.30 m at 4.01 g/t Au (127.50 m to 143.80 m), including 0.50 m at 66.30 g/t Au;
• PE-25-015: 3.00 m at 7.48 g/t Au (225.50 m to 228.50 m), including 0.55 m at 37.00 g/t Au;
• PE-25-015: 5.55 m at 4.38 g/t Au (261.00 m to 266.50 m), including 0.55 m at 15.50 g/t Au and 0.80 m at 18.45 g/t Au;
• PE-25-019: 4.60 m at 12.35 g/t Au (269.40 m to 274.00 m).

Note: These intersections are along the drill hole length and do not represent true widths.

Eldorado option agreements

The company, Eldorado and Golden Valley Mines & Royalties Inc., as it then was entered into an assignment agreement dated Jan. 25, 2023, pursuant to which Golden Valley assigned to the company all its rights and obligations under an option agreement dated Oct. 8, 2021, between Golden Valley and Eldorado. As the assignee under the option agreement, the company has granted to Eldorado an option to acquire an additional 40-per-cent interest in the properties subject to the option agreement, one of which is the Perestroika property in Quebec. The company currently holds a 70-per-cent interest in the properties and Eldorado currently holds a 30-per-cent interest in the properties.

To maintain and to exercise the option, Eldorado must incur minimum expenditures of $10.5-million on or before the fifth anniversary of the date of the conditions precedent under the option agreement being satisfied, as well as comply with its obligations under the terms of the option agreement to keep the properties in good standing. Prior to exercising the option, Eldorado will make an annual payment to the company of $50,000 per year. Upon the exercise of the option by Eldorado, it and the company will enter into a joint venture agreement on the terms set out in the option agreement.

Glenn J. Mullan, PGeo, president and chief executive officer of Val d'Or Mining, is the qualified person (as that term is defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects) who has reviewed and approved this news release and is responsible for the technical information reported herein.

About Val d'Or Mining Corp.

Val d'Or Mining is a junior natural resource issuer involved in the process of acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi greenstone belt of Northeastern Ontario and northwestern Quebec. To complement current property interests, the company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi greenstone belt, the company holds several other properties in Northern Quebec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGEs).

The company has expertise in the identification and generation of new projects, and in early stage exploration. The mineral commodities of interest are broad, and range from gold, copper-zinc-silver, nickel-copper-PGE to battery and industrial minerals. After the initial value creation in the 100-per-cent-owned, or majority-owned properties, the company seeks option/joint venture partners with technical expertise and financial capacity to conduct more advanced exploration projects.

We seek Safe Harbor.