Mr. Tserenbadam Dugeree reports

STEPPE GOLD RELEASES 2025 ESG REPORT

Steppe Gold Ltd. has published its 2025 environmental, social and governance (ESG) report, reflecting the company's continued commitment to transparent sustainability disclosure and responsible operations.

This is Steppe Gold's fourth annual sustainability report, its second integrated report covering the Altan Tsagaan-Ovoo (ATO) and Boroo gold operations, and the first to include a double materiality assessment.

The 2025 ESG report provides a comprehensive overview of Steppe Gold's ESG performance across ATO, Boroo and Ulaanbulag, covering key areas, including health and safety, environmental stewardship, community relations, and ethical business practices. The report is aligned with the GRI (Global Reporting initiative), SASB (Sustainability Accounting Standards Board), and IFRS (international financial reporting standards) S1 and S2 frameworks.

The full report is available on Steppe Gold's website.

"As an established Mongolian gold producer, we recognize our responsibility to the communities where we operate," said Tserenbadam Dugeree, chief executive officer of Steppe Gold. "In 2025, we maintained zero fatalities across our operations, advanced environmental rehabilitation efforts and continued investing in our host communities, including initiatives supporting the preservation of Buryat cultural heritage near the ATO mine. We are proud that our community engagement at Boroo gold was recognized by the Mongolia's mining ministry and national mining association. We will continue to build on this progress, remaining committed to responsible mining and creating long-term value for our communities".

About Steppe Gold Ltd.

Steppe Gold is a Mongolia-focused precious metals producer and developer.

We seek Safe Harbor.