Dr. Toby Strauss reports

GEMDALE GOLD ANNOUNCES ENGAGEMENT OF HUMBERCREST CAPITAL

Gemdale Gold Inc. has entered into an agreement with Humbercrest Capital Inc., pursuant to which Humbercrest has agreed to execute a targeted investor marketing and financing support program for the company.

Under the engagement, Humbercrest will introduce Gemdale to a targeted group of Canadian capital markets participants and co-ordinate a road show for Gemdale, with the objective of broadening investor awareness, developing relationships with prospective investors and supporting the company's capital markets activities in advance of potential future financings. The company expects that the services to be provided under the agreement will be complete on or about Sept. 14, 2026.

Pursuant to the agreement, the program is expected to cost approximately $13,500 in aggregate, plus applicable taxes and expenses. The company paid 50 per cent of the $13,500 fee to Humbercrest upon execution of the agreement. The remaining 50 per cent of the $13,500 fee is payable upon completion of the road show to be co-ordinated pursuant to the agreement. All fees will be paid out of the company's working capital.

None of Humbercrest or any of its principals has any interest, directly or indirectly, in Gemdale or its securities, nor any right or intent to acquire such an interest. None of Gemdale's compensation of Humbercrest for services to be provided is contingent or conditional on changes in the company's share price or other performance metrics and Humbercrest will not receive any securities as compensation.

The agreement remains subject to the acceptance of the TSX Venture Exchange.

About Humbercrest Capital Inc.

Humbercrest (address: 103 47 Macaulay Ave, Toronto, Ont., M6P 3P5) is a Toronto-based advisory providing investor relations, strategic communications and investor access for public companies, of which Michael Joyner is founder and principal. Drawing on more than 20 years of capital markets experience, Humbercrest works closely with management teams to broaden investor awareness, build lasting relationships with the investment community and support long-term shareholder value.

About Gemdale Gold Inc.

Gemdale Gold owns a portfolio of highly prospective exploration licenses in Finland and is focused on making significant new gold and critical metal discoveries on these properties. The company has been active in Finland since 2018. The company's 100-per-cent-owned projects include:

• Pontio gold project (western-central Finland): Historical and recent drilling has outlined near-surface gold mineralization along a multikilometre trend that remains open along strike and at depth. The company started an infill and extension drill program in February, 2026, and, based on this program, plans to deliver a maiden mineral resource estimate in early 2027;
• Isoneva (western-central Finland): exploration-stage gold project located proximal to extensive boulder train anomalies. The property is subject to an option agreement with Nordique Resources Inc. pursuant to which Nordique may earn a 100-per-cent interest by, among other things, financing exploration expenditures over a three-year period and making additional financial commitments to the company. For more information on the Isoneva option, please see the company's final long form prospectus dated Jan. 30, 2026, under the heading "business of the corporation -- Jan. 1, 2025, to the date hereof;"
• Lapland projects (northern Finland): a group of exploration permits and applications located within a recognized gold and base metal exploration region, in proximity to several recent regional discoveries, including Rupert Resources' Ikkari gold project;
• Nuotti (western-central Finland): copper-nickel-platinum-palladium exploration licence where limited historical government drilling indicates the presence of near-surface copper-PGM (platinum group metal) mineralization;
• Savo/Rantasalmi (southeastern Finland): exploration licence application area containing a historical National Instrument 43-101 inferred resource estimate prepared by a prior operator of 3.23 million tonnes grading 2.7 grams per tonne (g/t) gold for approximately 276,000 ounces of gold.

Bearing an effective date of Nov. 9, 2018, Rupert Resources Ltd. filed on SEDAR+ a mineral resource estimate completed by Brian Wolfe (qualified person) of International Resource Solution Pty. Ltd. and titled "NI 43-101 Technical Report: Osikonmaki Gold project, Finland." No new data subsequent to an earlier 2011 estimate were included in this study. This study used multiple indicator kriging (MIK) for the estimation of grade into the block model. This study assumed a combined open-pit and underground mining operation, recoveries of 85 to 90 per cent and a gold price of 1,200 euros per ounce (oz) (current gold price: approximately 4,240 euros per oz). The use of MIK as an estimation method, along with the requirements of a greater degree of confidence in the geological continuity for underground mining, were given as the reasons for the assigned lower resource category of inferred resources compared with the prior resource estimate in 2011. The resource estimate was reported at a cut-off grade of 1.5 g/t gold (Au).

The company is not aware of any further drilling or sampling being conducted on the property since this historical estimate was completed. Gemdale Gold is not treating this historical estimate as a current resource estimate. Neither Gemdale Gold nor a qualified person has done sufficient work to classify the historical estimate as a current mineral resource estimate. The company believes this historical estimate is relevant and reliable in providing insight into the potential mineral resources for the project based on historical drilling completed to date. Gemdale believes that further drilling is not required, but that it is necessary for a qualified person to review the assumptions and methodology used for the estimation, to verify or upgrade these historical resources to a current mineral resource estimate.

Additional disclosure, including the company's financial statements, technical reports, news releases and other information, can be obtained on the company's website or on SEDAR+.

We seek Safe Harbor.