Mr. Peter Gianulis reports

A2 GOLD ANNOUNCES COMPLETION OF WARRANT EXERCISE INCENTIVE PROGRAM

Further to A2 Gold Corp.'s news release of Dec. 29, 2025, it has completed its previously announced warrant exercise incentive program receiving $5,800,480 from the exercise of 8,286,400 previously issued and outstanding common share purchase warrants. The eligible warrants were exercisable at 70 cents per common share and were originally issued in connection with a non-brokered private placement of units completed by the company on Sept. 5, 2025.

Under the terms of the incentive program, each holder who exercised an eligible warrant during the incentive period received, for each eligible warrant exercised, one-third of an additional common share purchase warrant. Each whole incentive warrant entitles the holder to acquire one additional common share of the company at an exercise price of $1.00 per share for a period of 12 months from the date of issuance. On completion of the incentive program, the company issued a total of 2,762,137 incentive warrants.

The incentive warrants, and the common shares issued upon exercise thereof, are subject to a statutory hold period of four months and one day from the date of issuance of the incentive warrants expiring on May 29, 2026.

The eligible warrants that remain unexercised pursuant to the incentive program continue to be exercisable on their original terms until the expiry date of March 5, 2027.

The incentive program is subject to certain conditions, including the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.

The proceeds from the incentive program will be used for increased drilling at Eastside and general corporate purposes.

Certain insiders of the company exercised their eligible warrants and received an aggregate of 11,217 incentive warrants pursuant to the incentive program. The participation by such insiders in the incentive program constituted a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions.

About A2 Gold Corp.

A2 Gold owns three highly prospective gold projects in the United States, all of which are in the mining-friendly jurisdiction of Nevada. A2 Gold's flagship, district-scale Eastside gold-silver project hosts a large and expanding gold and silver resource and is in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

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