Mr. Roger Moss reports

LABRADOR GOLD ANNOUNCES COMMENCEMENT OF STRATEGIC REVIEW

Labrador Gold Corp.'s board of directors has initiated a comprehensive review of strategic alternatives aimed at maximizing shareholder value and positioning the company for its next phase of growth.

The strategic review follows the company's recently completed financing and the resulting strengthening of its balance sheet, together with changes to its shareholder base and leadership. The board believes these developments present a timely opportunity to reassess the company's strategic direction, evaluate its existing portfolio of assets and consider opportunities to enhance long-term shareholder value.

As part of the strategic review, the board intends to evaluate a broad range of potential transactions, corporate initiatives and strategic alternatives, including, but not limited to:

• Separation of exploration and investment activities: the potential bifurcation of the company's mineral exploration business and investment activities, including the establishment of a separately capitalized investment issuer focused on strategic investments in publicly traded and private companies in the natural resources sector;
• Capital allocation and corporate structure: a review of the company's capital allocation priorities, corporate cost structure, governance framework and financing strategies to ensure its financial resources are deployed efficiently and in a manner consistent with the objective of maximizing shareholder returns;
• Strategic acquisitions: the identification and potential acquisition of mineral exploration and development assets, with a particular focus on opportunities that complement the company's existing portfolio and offer compelling exploration potential and long-term value creation opportunities;
• Portfolio optimization and asset divestitures: a comprehensive assessment of the company's existing mineral exploration assets, including potential divestitures, joint ventures, earn-in arrangements and other transactions intended to optimize the company's asset portfolio, unlock value and prioritize capital allocation.

"The commencement of this strategic review marks an important step in the evolution of LabGold," said Raymond D. Harari, president and director of the company. "With a significantly strengthened financial position and an expanded and engaged shareholder base, we believe the company is well positioned to evaluate a broad range of opportunities. Our objective is to ensure that LabGold's assets and financial resources are deployed strategically while identifying opportunities to unlock value from our existing portfolio and establish a foundation for sustainable, long-term growth."

The board intends to complete its strategic review by Jan. 15, 2027, although there can be no assurance that the review will result in any particular transaction, corporate reorganization or other strategic change or that any potential transaction will be completed. Any proposed transaction or corporate reorganization will be subject to applicable regulatory, stock exchange, shareholder and other approvals, as required.

The company does not intend to provide further updates regarding the strategic review unless and until material developments arise or disclosure is otherwise required under applicable securities laws.

About Labrador Gold Corp.

Labrador Gold is a Canadian-based hybrid mining and investment issuer focused on the acquisition and exploration of prospective mineral projects in Canada and on strategic investments in mining companies and assets that the company believes have the potential to generate long-term value. The company has 286,012,288 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

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