18:51:41 EST Thu 12 Feb 2026
Enter Symbol
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USA
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Blossom Gold Inc
Symbol BGAU
Shares Issued 131,618,889
Close 2026-02-12 C$ 1.70
Market Cap C$ 223,752,111
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Blossom Gold files NOI for Rosebud drilling

2026-02-12 16:45 ET - News Release

Mr. Rick Winters reports

BLOSSOM GOLD FILES A NOTICE OF INTENT WITH THE USBLM TO INITIATE RESOURCE EXPANSION AND CONFIRMATION DRILLING AT THE RECENTLY ACQUIRED THE ROSEBUD PROJECT

Investmin Resources (Nevada) Inc., Blossom Gold Inc.'s wholly owned subsidiary, has filed a notice of intent (NOI) with the U.S. Bureau of Land Management for the initiation of resource expansion and confirmation drilling at the Rosebud project in Pershing county, Nevada.

Under the U.S. National Environmental Protection Act (NEPA), an NOI is used to conduct work, including mineral exploration, on public lands where planned disturbance does not exceed five acres (2.02 hectares). Blossom's planned disturbance under the NOI reflects the construction of 29 drill pads that will be used for both metallurgical sampling (eight PQ core holes) and resource drilling (HQ core) across the resource pit shell of its current 70.8-million-ton inferred mineral resource, as well as along its margins, to expand the open-pit resource and upgrade its resource classification. Major Drilling has been contracted to provide services related to the NOI, including four rigs for an expected 80,000 feet (24,384 metres) of drilling.

During surface drilling operations, the area near the reclaimed No. 2 portal will be used as a laydown and support area. As drilling operations wind down, work will begin to open the No. 2 portal, followed by rehabilitating the No. 2 decline for 2,300 feet (701 metres). Once initial rehabilitation is complete, Blossom will initiate confirmation and resource upgrade drilling from underground drill stations to complete resource definition for the open-pit resource and define underground targets for further assessment.

The process for the BLM to review and approve the NOI will take between 15 and 30 days. Since Rosebud is a property with a long history of disturbance and reclamation, including multiple exploration campaigns and development of an underground mine, a positive review is expected. Metallurgical drilling will be a priority and is expected to begin in the second half of March, 2026. The entire surface campaign is expected to be completed by the end of June 2026. The opening of the No. 2 portal is expected to begin in July, with completion of rehabilitation for the initiation of open-pit resource confirmation drilling from underground expected in late October, 2026.

Rick Winters, chief executive officer of Blossom, commented: "It is all happening now. Blossom is completing the purchase of a property outside Winnemucca to serve as project HQ and core processing/storage facility. Geologists are being hired. Earthworks contracts are in place. Major Drilling has committed four drill rigs to Rosebud. Discussions are being advanced to bring on Small Mine Development (SMD) as our underground contractor. As this program to expand and upgrade our open-pit resource is under way, environmental impact statement (EIS) level permitting for mine development is ongoing with the assistance of Westland Resources (environmental/permitting), SRK (hydrology/geochemistry), Kappes Cassiday (heap-leach and processing design) and Northern Lights Mining (resource modelling and geotechnical investigations). All of this information will feed into Rosebud's permitting needs and ultimately a feasibility study, with discussions advancing to use GMining Services as our principal feasibility contractor beginning the first quarter of 2027. We seek to set the standard for fast-track permitting and development at Rosebud."

About Blossom Gold Inc.

Blossom is a Canadian-based precious metals exploration and development company that recently began trading on the Toronto Stock Exchange under the symbol BGAU. Blossom acquired the Rosebud project in connection with the TSX listing and will be focused on the exploration and development of the project. The Rosebud project includes the former Rosebud mine, where mining was conducted from 1997 through 2000 by the Rosebud Mining Company, a Newmont-Hecla joint venture, using underground mining methods where the mine operated at a cut-off grade of approximately 0.2 ounce per ton gold (6.8 grams per tonne gold), when gold prices ranged from $250 (U.S.) to $350 (U.S.) per ounce, with mined material truck-hauled approximately 120 miles to an existing Newmont oxide mill for processing.

The current vision for the Rosebud project is to evaluate the remaining higher-grade mineralization and the surrounding larger volume of lower-grade mineralization as a potential open-pit mining operation with on-site, heap-leach processing and recovery of gold and silver. The Rosebud project currently hosts an inferred mineral resource of 70,755,000 tons grading 0.68 gram per tonne gold (0.018 ounce per ton gold) and 6.49 grams per tonne gold (0.189 ounce per ton gold) for 1.28 million ounces of gold and 13.4 million ounces of silver. The mineral resource estimate was open pit constrained using long-term gold and silver prices of $2,500 (U.S.) and $35 (U.S.) per ounce, respectively. The deposit is open in all directions.

Further details on Blossom and the Rosebud project, including the technical report titled "Mineral Resource Estimate for the Rosebud Property, Pershing County, NV, USA," by Northern Lights Mining LLC, with a report date of Dec. 17, 2025, and an effective date of Nov. 1, 2025, can be found under the company's profile on SEDAR+ and the company's website.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Dino Titaro, PGeo, a director of Blossom, who is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.

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