Mr. Jason Shepherd reports

CASSIAR GOLD TO EXTEND WARRANTS

Cassiar Gold Corp. intends to apply to the TSX Venture Exchange for approval and acceptance to amend the expiry term of outstanding common share purchase warrants, which were issued in connection with a private placement that completed in May, 2024. The original term of the warrants is two years and expires on May 3, 2026, and the company proposes to extend the expiry date for one additional month to June 3, 2026.

No other terms of the warrants are to be amended, and the exercise price will remain at 50 cents per warrant.

The warrant extension remains subject to acceptance by the TSX-V, which may include requiring the company to obtain consent from the holders of warrants that have exercised prior to the original expiry date.

About Cassiar Gold Corp.

Cassiar is a Canadian gold exploration company holding a 100-per-cent interest in its flagship Cassiar gold property located in British Columbia, Canada. The Cassiar gold property spans 590 square kilometres and consists of two main project areas:

1. Cassiar North, which hosts an updated mineral resource estimate for the Taurus deposit prepared in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards incorporated by reference in National Instrument 43-101. The pit-constrained MRE contains indicated mineral resources of 8.8 million tonnes at 1.43 grams per tonne gold for 410,000 ounces of gold in addition to inferred mineral resources of 63.2 Mt at 0.95 g/t Au for 1.93 million ounces of gold using a 0.4 g/t Au cut-off grade; 91 per cent of ounces occur within 150 metres of surface (see NI 43-101 technical report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property," prepared by Zelligan, PGeo, and Jolette, PGeo, and dated effective June 8, 2025); and
2. Cassiar South, which hosts numerous gold showings, historical workings and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz Au at average head grades of between 10 and 20 g/t Au (NI 43-101 technical report titled "National Instrument 43-101 Technical Report on the Cassiar Gold Property," prepared by Zelligan, PGeo, and Jolette, PGeo, and dated effective June 8, 2025), underscoring the high potential for further discovery and expansion of high-grade orogenic gold veins.

The company also holds a 100-per-cent interest in properties covering most of the Sheep Creek gold camp located near Salmo, B.C. The Sheep Creek gold district ranks as the third-largest past-producing orogenic gold district in British Columbia from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.

Qualified person

Jill Maxwell, PGeo, Cassiar Gold's vice-president, exploration, who is a qualified person as defined by National Instrument 43-101, has verified and approved the technical information in this press release.

We seek Safe Harbor.