Mr. Michael Carew reports

WALHALLA GOLD CORP ANNOUNCES LISTING ON THE CANADIAN SECURITIES EXCHANGE

Walhalla Gold Corp.'s common shares are now listed on the Canadian Securities Exchange and will commence trading on Wednesday, April 29, 2026, under the symbol WAU. Walhalla Gold owns the Walhalla gold project, located in Victoria, Australia (1).

Highlights:

• The Walhalla gold project, located in Victoria, Australia, has a prolific history of gold production, with total historic production reported of 1,510,309 ounces at a grade of 33.59 grams per tonne (g/t) gold (GeoVic, 2020) (2).
• The Walhalla gold project is a district-scale 1,230-square-kilometre land package with both advanced stage and greenfield targets.
• Cohens Reef, with historical production reported of 1.48 million ounces at a grade of 32.2 g/t gold, was the major focus of past exploration and development. Historic drilling at depth suggests multiple shoots, extensions and repeat structures occur near old mine developments. Additional to targeting repeat structures in the Cohens Reef area, other high-priority targets include the greenfield Pinnacles target, where notable soil geochemistry has highlighted a 400-metre-by-1,100-metre gold mineralized aplitic dike containing disseminated sulphides, outcropping at surface.
• Pinnacles target is fully permitted, accessible and ready for immediate drilling.

Walhalla gold project

Located in the state of Victoria, the district-scale Walhalla gold project consists of 1,230 square km of concessions. Cohens Reef is one of the largest and most productive gold-bearing quartz reefs ever discovered in Victoria and the company's early exploration will target the identification of potential repeat structures nearby old developments. In addition to multiple areas with past historical production such as Cohens Reef, the Walhalla gold project contains high-priority greenfield targets, such as Pinnacles, where extensive soil geochemistry has highlighted a 400 m by 1,100 m gold mineralized aplitic dike that contains disseminated sulphides and outcrops at surface. The Pinnacles target is fully permitted, accessible and ready for immediate drilling.

Highlights of the Walhalla belt:

• History of gold production, with total historical production reported of 1,510,309 ounces at a grade of 33.59 g/t gold (GeoVic, 2020);
• Large (1,230 square km) land package comprising numerous occurrences and historical mines hosting epizonal-style gold mineralization, most with no modern drilling or exploration;
• Cohen's Reef: historical production from laminated quartz veins within a single mineralized shoot down to 1,120 m. Historical drilling at depth suggests multiple shoots and extensions (4.25 m at 11.15 g/t gold (Au) from 258.4 m);
• Longfellows Reef: located one km west of and parallel to Cohens Reef, comprises old gold workings over a strike length of 1.5 km. Grab samples* from the main adit returned 200 m at 4.95 g/t Au and 75 m at 4.1 g/t Au;
• Pinnacles: a 400 m by 1,100 m zone of sulphide mineralization associated with disseminated sulphide in aplitic dikes and quartz stockwork veins in silicified sedimentary rocks. Highlight channel sampling includes 81.6 m at 1.02 g/t Au and 18.0 m at 3.28 g/t Au.

Details of Walhalla Gold spinout, acquisition of Finco and concurrent financing

Pursuant to the previously announced plan of arrangement, Walhalla Gold was spun out from Great Pacific Gold Corp. on the basis of one common share of Walhalla Gold for every share of Great Pacific. As a result of the spinout, Walhalla Gold issued a total of 152,310,965 common shares to the shareholders of Great Pacific (see news release on Dec. 12, 2025).

As set forth under the arrangement and prior to the listing on the CSE, Walhalla Gold acquired all of the issued and outstanding common shares of 1537559 B.C. Ltd. (Finco). The acquisition of Finco was carried out by three-cornered amalgamation whereby Walhalla Gold issued one common share to the shareholders of Finco for every common share of Finco. Prior to the concurrent financing (as defined below), Finco had 25,000,001 common shares issued and outstanding.

A non-brokered private placement of 35,025,000 common shares at a price of 20 cents per share for gross proceeds of $7,005,000 was completed in connection to the Finco acquisition. Under the concurrent financing, a total of $69,600 finders' fees were paid and 140,000 common shares were issued to finders.

As a result of the spinout, Finco acquisition and the concurrent financing, the total issued and outstanding common shares of Walhalla Gold is 212,335,966 common shares.

Mick Carew was appointed chief executive officer and Samantha Shorter as chief financial officer of Walhalla Gold. The board comprises Mr. Carew, Ms. Shorter, Jamie Burns and Michael Moore.

The proceeds of the concurrent financing will be used for drilling and exploration on the Walhalla gold project, as well as general and administrative expenses.

Additional information

(1) The Walhalla gold project consists of the following exploration licenses (ELs): Kevington EL8538, Enoch's Point EL7219, Loch Flyne EL6363, Harbinger EL7215, Woods Point EL6321, Pinnacles EL7307, Walhalla North EL7289, Walhalla EL7297 and Cooper's Creek EL7300.

(2) GeoVic is a state government of Victoria source (GeoVic 2020 is the publication).

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Michael Moore, PGeo, director of Walhalla Gold, a qualified person (QP) as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Moore is not independent of the company within the meaning of NI 43-101. The QP has verified the data disclosed in this news release, including sampling, analytical and test data underlying the information.

Stock option grants

The company has granted 10 million stock options to its directors, officers and consultants. Each option is exercisable at 20 cents per common share for a period of five years from the date of grant.

We seek Safe Harbor.