Mr. Brian Hinchcliffe reports

LEGACY GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT AND PROVIDES UPDATE ON 2026 DRILL PROGRAM AT BANER, IDAHO

Legacy Gold Mines Ltd. intends to complete a non-brokered private placement of up to 4,285,715 common shares of the company at a price of 70 cents per share for gross proceeds of up to $3.0-million.

"Expectations about Baner's near-surface gold potential have been exceeded by the 2026 drilling results and we intend to push forward with continued drilling in the months ahead," said Brian Hinchcliffe, executive chairman and chief executive officer of Legacy Gold. "The roughly 50 holes and 32,000 feet drilled over the past several months have outlined gold mineralization open in all directions. The plan is to winterize the drill and bring it back as we work toward establishing Baner's initial mineral resource."

The company intends to use the net proceeds of the private placement to finance continued drilling at its Baner gold mine property, located in the Orogrande mining district of Idaho. That drilling is aimed at expanding and defining the main zone and other target areas, and at generating the drilling data needed to support an initial mineral resource estimate for the property. Proceeds will also go toward continued business development and general and administrative purposes.

The private placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the private placement will be subject to a four-month hold period, in accordance with applicable securities laws.

The company may pay commissions or finders' fees to eligible parties in connection with the private placement, subject to the approval of the exchange and compliance with applicable securities laws.

2026 drill program update

The company has temporarily suspended drilling at the property. The drill rig has been demobilized from site for winterization and the company currently plans to return it to the property to resume drilling. Assay results for a number of holes remain pending and will be released once received and reviewed.

Qualified person

Mike Sutton, PGeo, director and vice-president of exploration of the company, is the qualified person, as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, who reviewed and approved the scientific and technical disclosure in this news release. The qualified person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the property or any underlying property agreements.

About Legacy Gold Mines Ltd.

The company is a Canadian-based gold exploration and development company listed on the TSX Venture Exchange under the symbol LEGY. The company holds an option to acquire a 100-per-cent undivided interest in the mineral claims comprising the Baner gold mine property, located in Idaho county, Idaho.

The Baner gold mine property sits within the historic Orogrande gold mining district that hosts numerous gold deposits and gold mines along geologic structures that have hosted gold production since Idaho's first gold rush in the late 1800s.

Additional information about the company and the Baner property is available on SEDAR+ under the company's profile, including a technical report, titled "NI 43-101 Technical Report on the Baner Project, Idaho County, Idaho, USA," dated effective Aug. 1, 2024, prepared by Steven A. Osterberg, PhD, PG.

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