20:08:42 EDT Wed 08 Jul 2026
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Tiger Gold Corp
Symbol TIGR
Shares Issued 105,676,498
Close 2026-07-08 C$ 0.64
Market Cap C$ 67,632,959
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Tiger Gold closes acquisition of Quinchia, Andes

2026-07-08 18:20 ET - News Release

Mr. Robert Vallis reports

TIGER GOLD CLOSES ACQUISITION AND ACCELERATES DRILLING AT QUINCHIA

Tiger Gold Corp. has closed its transaction with LCL Resources Ltd. in respect of its option to acquire 100 per cent of the Quinchia gold project and the Andes gold project, both located in Colombia's prolific Mid-Cauca belt.

Operations at the Quinchia gold project continue to advance at pace. The company now has more than 160 employees and contractors working on the ground, and continues to rapidly mobilize skilled labour in-country to advance development and exploration activities at the project. Three drill rigs are currently turning at Quinchia, with more metres planned and a fourth rig is anticipated to arrive in August. The company is working toward advancing other high-priority targets, including Chuscal and others, as part of its continuing strategy of growing the project's mineral resource inventory.

Operational update: drilling accelerates with new 22,000-metre (m) drill program

With the closing of the recent oversubscribed $21-million financing, Tiger Gold is now transitioning to a growth-focused company, aiming to add significant value for shareholders by accelerating drilling at Ceibal and other targets, with a goal of doubling our resource base which the company is now fully financed for.

"We are entering an exciting new Phase at Tiger," said Robert Vallis, president and chief executive officer of Tiger Gold. "After completing the acquisition of the project for 100-per-cent ownership and the closing of our financing, we are focused on putting our capital to work advancing and accelerating the Quinchia project. We believe this is a large district-scale gold system that has meaningful room to grow, and our goal this year is to double the resource base and deliver that value for shareholders."

The technical case at Ceibal has advanced quickly over the past several months. The prior operator's drilling, and Tiger's subsequent fieldwork, evolving geological reinterpretation and the recent stepout drilling results, have collectively reinforced management's view that Ceibal hosts the potential for a large, multimillion-ounce near-surface gold system that is still open along strike and at depth.

The Ceibal target is located approximately one kilometre south of the Miraflores deposit and one kilometre southwest of the Tesorito deposit, within the Marmato fault corridor. The target is coincident with a subcircular Au-Mo (gold-molybdenum) surface geochemical anomaly with an approximate footprint of 800 metres by 600 metres.

Key catalysts for 2026 and beyond:

  • Accelerate drilling at Ceibal: An additional 15,000-metre drill program is under way that is expected to be completed in 2026 to support a maiden mineral resource estimate at Ceibal in Q1 (first quarter) of 2027;
  • Complete infill drilling at Tesorito: Approximately 4,500 metres remain to complete the infill, gap and extension drill program at Tesorito, which is intended to upgrade a significant portion of the current inferred mineral resource to the indicated category ahead of PFS-level (prefeasibility study) studies;
  • Advancing other high-priority targets at Quinchia: Approximately 2,500 metres of exploration drilling is planned across the project at several high-priority targets, including Chuscal, and other prospects that have strong potential;
  • Advance necessary ESG (environmental, social and governance), environmental and engineering work needed to progress permitting, to target starting PFS studies in 2027.

Mineral resources and technical report

A report titled "Quinchia Gold Project NI 43-101 Technical Report & Preliminary Economic Assessment, Department of Risaralda, Colombia" (effective Sept. 18, 2025) was filed on SEDAR+ on Dec. 10, 2025. The technical report supports the disclosure of mineral resource estimates for the Miraflores and Tesorito deposits with an effective date of July 31, 2025. Mineral resources that are not mineral reserves do not have demonstrated economic viability. There is no certainty that a mineral resource estimate will be defined at the Ceibal target.

The scientific and technical information contained in this news release has been reviewed and approved by Robert Vallis, chief executive officer of Tiger, who is a qualified person within the meaning of National Instrument 43-101.

About Tiger Gold Corp.

Tiger is a growth-oriented gold exploration and mine development company focused on advancing its flagship asset, the Quinchia gold project, a multimillion-ounce gold project in the prolific Mid-Cauca belt of Colombia, in which Tiger owns a 100-per-cent interest. Tiger is led by a multidisciplinary team of exploration geologists, mine builders, engineers, metallurgists, ESG specialists and corporate finance professionals with a record of exploration success, project advancement and bringing mines into production at globally recognized mining companies, including AngloGold Ashanti, Barrick Mining, Yamana Gold, Detour Gold, NewGold, Pretium Resources and others.

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