Mr. Sean Hasson reports

BULGOLD PROVIDES EXPLORATION UPDATE ON THE LUTILA GOLD PROJECT

Bulgold Inc. has completed exploration diamond drilling on the Lutila gold project located in central Slovakia. The Lutila exploration licence covers an area of 32.2 square kilometres and is prospective for quartz-adularia, low-sulphidation epithermal gold mineralization.

The company completed two diamond drill holes as part of its exploration program. One hole was drilled into the Horna Klapa target area which is located in the Sinter field and was completed at 541.7 m depth. The second hole was drilled into the newly discovered Kopernica vein system which is located on the western slopes of Certov vrch peak within the North East block and was completed at 645.6 m depth.

Samples have now been dispatched to SGS Burgas (Bulgaria) for analysis and once this information has been validated and incorporated into the company's database then the company will release the outcomes of the 2025 exploration program which is expected to be early in 2026.

About Bulgold Inc.

Bulgold is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The company controls 100 per cent of three quality quartz-adularia epithermal gold projects located in the Slovak and Bulgarian portions of the Western Tethyan belt: the Lutila gold project, the Kostilkovo gold project and the Kutel gold project. Management of the company believes that its assets show potential for high-grade, good-metallurgy, low-sulpidation epithermal gold mineralization.

On Sept. 30, 2025, Bulgold's issued and outstanding shares were 49,132,335, of which approximately 28.3 per cent were held by founders, directors and management.

Qualified person

The scientific and technical information in this news release was reviewed and approved by Sean Hasson, a qualified person as defined by National Instrument 43-101 and president and chief executive officer to the company.

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