Mr. Sean Hasson reports

BULGOLD COMPLETES DRILLING 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 four exploration diamond drill holes for a total of 780.05 metres.

All drill core samples have now been dispatched to SGS Burgas in Bulgaria together with a number of mapping and prospecting rock samples.

The company expects to receive the final assay results from this exploration campaign towards the latter half of August, 2026, and will subsequently report the program's material outcomes to the market.

For further information please see the company's current corporate presentation dated April, 2026, and the company's Feb. 10, 2026, press release.

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-sulphidation epithermal gold mineralization.

On June 30, 2026, Bulgold's issued and outstanding shares were 72,626,013, of which approximately 20.11 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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