Dr. Toby Strauss reports

GEMDALE ANNOUNCES CHANGE OF CORPORATE SECRETARY

Andrew Newbury will assume the role of corporate secretary of Gemdale Gold Inc., replacing Dr. Toby Strauss, who will continue in his role as president and chief executive officer.

Mr. Newbury is a corporate governance professional with over 15 years of experience in corporate secretarial, administrative, financial and operational roles. Mr. Newbury joined DSA Corporate Services in 2017 and currently serves as a senior account executive, providing corporate secretarial and governance advisory services to small- and mid-cap issuers listed on the Toronto Stock Exchange, TSX Venture Exchange and Canadian Securities Exchange, spanning a broad range of industries. He holds a bachelor of commerce degree from Dalhousie University.

About Gemdale Gold Inc.

Gemdale Gold owns a portfolio of highly prospective exploration licences in Finland, and is focused on making significant new gold and critical metal discoveries on these properties. The company has been active in Finland since 2018. The company's 100-per-cent-owned projects include:

• Pontio gold project (western Finland): Historical and recent drilling has outlined near-surface gold mineralization along a multikilometre trend that remains open along strike and at depth;
• Isoneva (western Finland): exploration-stage gold project located proximal to extensive boulder train anomalies. The property is subject to an option agreement with Nordique Resources Inc. pursuant to which Nordique may earn a 100-per-cent interest by, among other things, financing exploration expenditures over a three-year period and making additional financial commitments to the company. For more information on the Isoneva option, please see the company's final long-form prospectus dated Jan. 30, 2026, under the section on business of the corporation -- Jan. 1, 2025, to the date hereof;
• Lapland projects (northern Finland): a group of exploration permits and applications located within a recognized gold and base-metal exploration region, in proximity to several recent regional discoveries;
• Kumiseva (western Finland): copper-nickel-platinum-palladium exploration licence where historical government drilling has been completed;
• Savo/Rantasalmi (southeastern Finland): exploration licence application area containing a historical National Instrument 43-101 inferred resource estimate prepared by a prior operator of 3.23 million tonnes grading 2.7 grams per tonne gold for approximately 276,000 ounces of gold.

In November, 2018, Rupert Resources released a National Instrument 43-101 mineral resource estimate completed by Brian Wolfe (qualified person) of International Resource Solution Pty. Ltd. The NI 43-101 technical report was filed by Rupert Resources on SEDAR+ on Nov. 9, 2018. No new data subsequent to an earlier 2011 estimate were included in this study. This study used multiple indicator kriging (MIK) for the estimation of grade into the block model. This study assumed a combined ope- pit and underground mining operation, recoveries of 85 to 90 per cent and a gold price of 1,200 euros per ounce (current gold price approximately 4,240 euros per ounce). The use of MIK as an estimation method and the requirements of a greater degree of confidence in the geological continuity for underground mining were given as the reasons for the assigned lower resource category of inferred resources compared with the 2011 resource estimate. The resource estimate was reported at a cut-off grade of 1.5 grams per tonne (Au).

The company is not aware of any further drilling or sampling being conducted on the property since this historical estimate was completed. Gemdale Gold is not treating this historical estimate as a current resource estimate. Neither Gemdale Gold nor a suitable qualified person has done sufficient work to classify the historical estimate as a current mineral resource estimate. The company believes this historical estimate is relevant and reliable in providing insight into the potential mineral resources for the project based on historical drilling completed to date, as it was completed by a qualified person in accordance with NI 43-101. Gemdale Gold believes that further drilling is not required to verify or upgrade these historical resources to a current mineral resource estimate, but that it is necessary for a qualified person to review the assumptions and methodology used for the estimation.

Qualified person

Dr. Toby Strauss (CGeol, EurGeol), director, president and chief executive officer of Gemdale, is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. Dr. Strauss is responsible for the accuracy of technical information contained in this news release, and has reviewed and approved the technical information contained within.

We seek Safe Harbor.