Mr. Fausto Di Trapani reports

TIERNAN GOLD CORP. ANNOUNCES GRANT OF DEFERRED SHARE UNITS

Tiernan Gold Corp. has granted an aggregate of 20,014 deferred share units to non-executive directors of the company under the company's omnibus equity incentive plan adopted on Oct. 16, 2025. Each DSU entitles the holder to receive one common share of the company, a cash payment equal to the value of one common share of the company, a combination thereof or otherwise as determined at the sole discretion of the company, following the holder ceasing to be a director of the company.

The DSUs vest one year from the date of grant and have been granted for the fourth quarter at a price of $7.15 per share. The company's grant of DSUs is in addition to cash compensation fees payable to its non-executive directors.

About Tiernan Gold Corp.

Tiernan is a corporation existing under the laws of the Province of British Columbia. Tiernan is focused on the disciplined derisking of the Volcan gold project strategically located in Chile's Maricunga gold belt, one of the world's most prolific gold belts. The company's strategy is to systematically derisk the project through staged technical work, leveraging its strong shareholder base and operating experience to unlock value over time.