Mr. Shaun Heinrichs reports

1911 GOLD ISSUES CLARIFICATION OF FEBRUARY 2026 PEA DISCLOSURE

As a result of a review by the B.C. Securities Commission, 1911 Gold Corp. is issuing this news release to clarify and correct certain statements made in its news release dated Feb. 10, 2026, regarding the results of a preliminary economic assessment on its True North gold project located in southeastern Manitoba, Canada.

Retraction of prior statements

The February release announced the results of the PEA and disclosed certain characterizations of the PEA's results and economic conclusions.

Certain statements in the February release were misleading and contrary to cautionary language required by sections 2.3(3)(a) and 3.4(e) of National Instrument 43-101 (Standards of Disclosure for Mineral Projects), as they appeared to suggest that the results of the PEA were more than preliminary in nature with a higher degree of certainty and that the mineral resources underlying the PEA have demonstrated economic viability. Investors are cautioned that certain statements contained in the February release should not be relied upon. The company retracts these prior statements.

Why this disclosure was non-compliant

A PEA is, by definition under NI 43-101, a conceptual study of the potential viability of mineral resources. It is not a prefeasibility study or a feasibility study, and may not be presented as equivalent to one.

These statements are misleading as they convey a level of certainty about the economics of the True North project that is inconsistent with the conceptual and preliminary nature of a PEA, and is contrary to the required cautionary language under NI 43-101; and the statements are non-compliant as they suggest that a production decision has been made, or that the True North project has achieved a level of technical and economic confidence equivalent to a PFS or FS. The company confirms that no such production determination has been made.

The PEA is preliminary in nature, and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to it that would enable it to be categorized as mineral reserves. There is no certainty that the PEA will be realized.

The company acknowledges that this disclosure did not adequately convey these limitations and retracts the above statements accordingly.

Corrected disclosure

The PEA results are based in part on inferred mineral resources, which are considered too geologically speculative for the application of economic considerations to categorize them as mineral reserves. There is no certainty that the PEA results will be realized. Actual results may vary, potentially materially. The company confirms that it has not made a production decision.

The PEA is intended to provide only an early-stage indication of project potential. Investors are cautioned not to place undue reliance on the results of the PEA as an indicator of future performance. The company further advises that the technical report currently filed on SEDAR+ does not comply with NI 43-101, and, as such, the PEA is not supported by a compliant NI 43-101 technical report, and the PEA should not be relied on until it has been verified and supported by an amended technical report.

Website and investor relations materials

The company is concurrently amending its technical report, corporate website, corporate presentation, social media channels and other investor relations materials to correct the above issues and remove any non-compliant or misleading information.

Qualified persons

The scientific and technical information contained in this news release has been reviewed and approved by Michele Della Libera, PGeo, vice-president of exploration, and Seok Joon Kim, PEng, chief engineer of 1911 Gold, who are qualified persons within the meaning of NI 43-101.

About 1911 Gold Corp.

1911 Gold is an advanced gold explorer and developer focused on its 100-per-cent-owned True North gold project in the Archean Rice Lake Greenstone belt in Manitoba, Canada. The company controls a large, highly prospective approximately 62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable, infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold's True North complex and the exploration land package are located within and among the first nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, co-operative and respectful communications with all local communities and stakeholders to foster mutually beneficial working relationships.

We seek Safe Harbor.