Mr. Rex Motton reports

CROSSROADS GOLD DEFINES DISTRICT-SCALE HYDROTHERMAL GOLD SYSTEM AND IDENTIFIES MULTIPLE UNTESTED TARGETS AT PAMBULA GOLD PROJECT

Crossroads Gold Corp. has completed a comprehensive historical data compilation and geological reinterpretation for the Pambula gold project in New South Wales, Australia. The work integrates mining records, Geological Survey data, structural interpretations and historical production information into a modern exploration framework.

Rex Motton, chief executive officer and a director of Crossroads, commented: "Pambula is emerging as a compelling district-scale gold system, with strong indications of structural continuity and sulphide-hosted mineralization that present an excellent opportunity for systematic exploration. Although historical mining achieved excellent recovered grades of an estimated 30 g/t Au, modern exploration has been minimal, with most work in the 1980s focused on shallow, open-pit concepts. As a result, significant potential remains for deeper drilling targeting sulphide-hosted mineralization. Historical evidence suggests the field's decline was driven more by metallurgical limitations and lack of capital -- not because the geological system was depleted. Modern exploration methods and contemporary sulphide-processing technologies offer the potential to unlock substantial value across this underexplored district."

The review indicates that the Pambula goldfield, which produced more than 40,000 ounces (oz) of gold at recovered grades of an estimated 30 grams per tonne (g/t) gold (Au), remains significantly underexplored. Only 32 historical drill holes (2,515 metres (m) total) have tested the Pambula goldfield, with the deepest hole reaching 271 m (DDH-P7) and no drilling below 230 m vertical depth.

Key findings:

• Broad, continuous gold mineralization at depth, highlighted by hole DDH-P7 returning 16 m at 2.36 g/t Au from 94 m, including five m at 6.62 g/t Au, with no follow-up drilling completed on the main Victory ore shoot;
• Untested deep structural targets, including a feeder-zone target at 400 m depth and an additional similar-style Crossroads-defined target at approximately 250 to 300 m depth;
• Evidence of a large, structurally controlled hydrothermal system, including east-dipping lodes, brecciated corridors, sulphide-associated mineralization and north-plunging high-grade shoots;
• Increasing sulphide and arsenopyrite mineralization with depth, consistent with deeper sulphide-hosted gold systems in southeastern Australia;
• Uncharacterized silver and antimony potential, with historical references to electrum, silver sulphosalts and stibnite but no systematic modern analysis.

The reinterpretation suggests continuity between several major historical mines and highlights multiple district-scale targets beyond the historical workings, including the PRC32 magnetic anomaly, Hidden Treasure, Morning Star, Diorite structures and the southern Yowaka corridor.

Crossroads plans to integrate the compiled data set into modern GIS (geographic information system) and 3-D models to support systematic exploration, including structural modelling, geochemistry, geophysics and deeper drilling.

Historical data reconstruction

The company's review indicates that the Pambula goldfield developed within multiple north-south fracture corridors hosted in felsitic volcanic rocks associated with the Eden Rhyolite sequence. Historical Geological Survey records and mining reports consistently describe:

• East-dipping lode systems;broad brecciated hydrothermal corridors;
• Pyrite and arsenopyrite-associated mineralization;
• Structurally controlled bonanza-grade shoots;
• Increasing sulphide mineralization with depth.

The reinterpretation indicates that historical mining focused on isolated high-grade shoots within a much larger hydrothermal system. Records describe underground development to an estimated 150 m depth, with repeated references to widening ore zones and improving continuity at depth. The study also highlights significant unrecovered gold in historical tailings and sulphide concentrates, reflecting refractory mineralization and the metallurgical limitations of 19 century operators -- issues that modern processing technologies are now capable of addressing.

Historical drill results

Historical drilling at Pambula was limited and largely restricted to shallow tests around known workings in search of potential open-cut opportunities. The key result from the data set demonstrates broad, continuous gold mineralization at depth -- an area that remains completely untested by modern exploration methods.

Hole DDH-P7 -- key historical intercept

Hole DDH-P7 returned 16 m grading 2.36 g/t Au, including a higher-grade interval of five m at 6.62 g/t Au. This intercept illustrates the potential for a broad zone of continuous gold mineralization at depth and represents one of the most significant results in the historical drilling record because it is the only drill hole in the central part of the Victory ore shoot that is below the old workings. No follow-up drilling was completed in the immediate footprint of this intercept and the zone remains open at depth below approximately 100 m vertically.

Untested deep exploration target

Multiple modern studies have projected the intersection of the Pilot fissure with the Hidden Treasure and Killaloe fissures at depth as a potential bonanza-grade target. A 2018 review by Sapphire Resources identified a discrete deep structural target interpreted as a feeder zone to the broader system, based on structural modelling, lode trend projections and historical high-grade production. Sapphire proposed a drill hole to test the downdip projection at approximately 400 m, but the target was never drilled and remains untested. Crossroads' updated geological modelling places this high-priority target at approximately 250 to 300 m depth from accessible drill sites near former hole DDH-P7 and it is planned for the second round of drilling. These deep targets represent the first systematic testing of the interpreted lode system at depths consistent with high-grade ore shoots in comparable southeastern Australian gold systems.

Silver

Historical mining records document silver-rich sulphide mineralization associated with primary gold lodes at several mines across the Pambula goldfield, including electrum and silver sulphosalt occurrences. Despite silver being referenced in multiple historical accounts, no systematic modern assay program for silver has been completed across the drilling data set, with arsenic and antimony only analyzed in three historical holes. The potential scale and grade of silver within the system remain wholly uncharacterized.

Antimony

Antimony-bearing sulphides, including stibnite, have been identified in historical records at Pambula in association with primary gold mineralization. Given the current focus on antimony as a strategic critical mineral across multiple jurisdictions, including Australia and Canada, the company intends to systematically assess antimony and silver potential as part of its planned drill program at Pambula. No modern multielement analysis for these elements has previously been undertaken.

Gold pathfinder elements

A modern multielement reassay program targeting arsenic, bismuth, tellurium and other gold pathfinder elements could provide a materially improved understanding of the zonation and structural architecture of the system. Historical assay programs were generally single-element gold-only programs that would not have captured the broader geochemical signature now recognized as indicative of significant hydrothermal gold systems in southeastern Australia.

Structural and exploration implications

The reinterpretation provides an important framework for future exploration targeting across the Pambula project. The company intends to integrate the historical data into modern GIS and 3-D geological modelling platforms to support future targeting and drill planning.

Several structural features identified in the study -- including parallel lodes, branching fracture systems, crosscourse offsets and plunge-controlled ore shoots -- are considered highly prospective targets for modern exploration techniques.

The company believes that the broader district remains underexplored by modern standards, particularly with respect to:

• Systematic geochemistry;
• Modern geophysics;
• Structural modelling;
• Deeper drill testing of sulphide-hosted mineralization.

Beyond the deep targets described above, the company has identified five initial separate exploration targets across the district that demonstrate scale beyond the historical workings, including the Eastern fissure (including the PRC32 magnetic anomaly), the Hidden Treasure, Morning Star and Diorite structures, and the southern Yowaka corridor. Other gold workings occur outside the central area but have not yet been assessed.

Technical information

The historical information referenced in this news release is derived from historical mining records, Geological Survey reports, historical production records, metallurgical descriptions and other publicly available archival sources. Historical results, production figures and grades referenced in this news release have not been independently verified by the company and should not be relied upon as indicators of future exploration success.

The company cautions investors that historical information is considered conceptual in nature and insufficient work has been completed to verify the historical data. A qualified person has not completed sufficient work to classify the historical information as current mineral resources or mineral reserves, and the company is not treating the historical information as current mineral resources or mineral reserves.

Qualified person

The scientific and technical information contained in this news release was reviewed and approved by Mr. Motton, who is a qualified person (as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. Motton is the CEO and a director of the company, and therefore is not considered independent of the company in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Motton has visited the Pambula project discussed in this disclosure.

About Crossroads Gold Corp.

Crossroads Gold is a Canadian gold exploration company backed by the Fiore Group and focused on high-potential gold projects in southeastern Australia -- one of the world's premier gold-producing jurisdictions. The company aims to deliver new gold discoveries in a Tier 1 jurisdiction while generating long-term value for shareholders. Crossroads's portfolio includes the Pambula gold project, the Steiglitz gold project, the Pheasant Creek project and the Club Terrace project.

Crossroads is led by an experienced management and technical team with deep Australian and global discovery expertise. Crossroads is supported by excellent infrastructure, year-round access and a stable regulatory framework to systematically advance its projects with modern exploration and drilling aimed at unlocking meaningful gold discoveries. Crossroads is committed to responsible resource development, pro-active and open communication, and transparent and inclusive dialogue with regional communities, indigenous organizations and all stakeholders. Crossroads is committed to proactive decision making and creating economic opportunities for all stakeholders, including the communities it operates in.

We seek Safe Harbor.