Mr. Roger Moss reports

LAST CHANCE FOR LABGOLD SHAREHOLDERS TO MAKE THEIR VOTE COUNT ONLY ON THE BLUE PROXY AND PROTECT THEIR INVESTMENT FROM A SELF-SERVING DISSIDENT

Labrador Gold Corp. has urged shareholders to exercise their voting rights immediately and protect their investments from a risky, self-serving shareholder, Coloured Ties Capital Inc. With the proxy voting deadline -- Feb. 20, 2026, at 11 a.m. Toronto time -- just hours away, shareholders are encouraged to vote only on the blue form of proxy or blue voting instruction form.

The corporation and its board of directors thanks the many shareholders who have already voted ahead of the corporation's annual general and special meeting of shareholders to be held on Feb. 24, 2026.

In particular, Crescat Capital LLC, one of the largest shareholders of Labrador Gold holding approximately 8.9 per cent of the issued and outstanding shares, has indicated to Labrador Gold that its intention is to vote its shares on the blue proxy in line with Labrador Gold's recommendations.

"We appreciate Crescat's continued support of Labrador Gold," said Roger Moss, president and chief executive officer of Labrador Gold. "Along with the recommendations from the global leading independent proxy advisors, ISS and Glass Lewis, it reminds our shareholders of the opportunistic and self-serving nature of the dissident's action. We continue to encourage our shareholders to vote with the recommendations only on the blue proxy in the final hours before the voting deadline and disregard any other proxy they have received from the dissident."

Letter to Labrador Gold shareholders

The corporation today also announces that a new letter to shareholders has been filed on the corporation's SEDAR+ issuer profile and mailed to shareholders. The letter summarizes independent voting recommendations from global leading independent proxy advisers Institutional Shareholder Services and Glass, Lewis & Co., recent actions, and a reminder of what is at stake with the voting deadline approaching.

The clear choice -- recommended by independent experts trusted by institutional investors

Why your vote on blue is important

Your vote on blue determines who controls approximately $16-million in cash to execute a long-term strategy to create shareholder value. This is a one-way decision. Once capital is mismanaged, it is gone forever. As the meeting approaches, ask yourself: Would you allow your investment to be controlled by the dissident with a history of shareholder value and capital destruction? The corporation had previously reported to its shareholders the five facts that they must know to protect their investment.

Protected treasury versus high risk with the dissident:

• Labrador Gold's prudent approach: In the toughest junior mining market in years, it reviewed 50-plus deals and walked away from those that were highly dilutive or did not measure up. It chose disciplined due diligence over the quick fix.
• The result of Labrador Gold's actions: Your capital is intact, and a long-term plan is already under way. It recently announced a joint venture with Nemo Resources Inc. to execute its structured plan for the Watson project, a district-scale opportunity in Ontario that limits downside while maximizing upside.
• The dissident risk: The dissident has provided no credible project details, no timelines and no milestones when compared with Labrador Gold. It is asking for a blank cheque at your expense. They have also used misinformation to try to get votes, most recently claiming, "Coloured Ties evaluated the Watson property from Nemo Resources in the fall of 2025," a claim that Nemo Resources calls 100 per cent false.

Independent experts agree: vote only the blue proxy

Both global leading independent proxy advisory firms, ISS and Glass Lewis, have reviewed the facts and recommended shareholders vote only on the blue proxy and reject the dissident's attempt to seize control.

• ISS on the dissident's unwarranted campaign: "The dissident's campaign lacks many basic hallmarks of thoughtful activism, such as a refined view on the qualifications of management nominees. Thus, the dissident has not presented a compelling case for any level of change, let alone a majority position."
• ISS on the dissident's lack of strategy: ISS noted that being in data rooms is not a strategy. Generic claims cannot replace Labrador Gold's executable, financed and active plan.

Conflicts versus independence:

• The board: focused on shareholder value and governed by a clear, transparent strategy;
• The dissident's nominees: all four dissident nominees have financial or business ties to LaFleur Minerals Inc., raising serious concerns about whose interests they would truly serve.

Do not delay. Vote blue today.

Shareholders are urged to vote only the blue proxy to ensure their votes are counted ahead of the voting deadline of Feb. 20, 2026, at 11 a.m. Toronto time.

To ensure your vote is counted:

• Vote only using the blue proxy. Shareholders are urged to vote as soon as possible and not wait until the deadline.
• Disregard any gold or other proxy materials you may receive from the dissident.

If you have already voted on the dissident proxy, you may vote again on the blue proxy prior to the voting deadline. The later dated blue proxy will count as it supersedes any previously voted proxy.

Have questions or need help voting blue?

Shareholders who require assistance should contact Labrador Gold's strategic adviser, Kingsdale Advisors.

There is a team standing by to help:

• North America (toll-free): 1-888-518-6813;
• Outside of North America (call or text): 1-647-251-9740;
• E-mail: contactus@kingsdaleadvisors.com;
• Website: at the future of Labrador Gold website.

About Labrador Gold Corp.

Labrador Gold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

The recently announced Watson project, a joint venture with Nemo Resources, represents the largest landholding in the Fort Hope greenstone belt, which is significantly underexplored compared with other greenstone belts (for example, Red Lake and Pickle Lake) in Northwestern Ontario. While the exploration focus will be on gold, the Watson project also hosts significant potential for critical minerals (for example, antimony, nickel, copper and zinc). The proposed road to the Ring of Fire, expected to begin construction in mid-2026, runs through the Watson property and, once complete, will significantly reduce exploration and development costs.

The Hopedale property covers much of the Archean-age Florence Lake greenstone belt, which extends over 60 kilometres. While typical of greenstone belts globally, the area has been underexplored. Labrador Gold's work to date has identified gold anomalies in rocks, soils and lake sediments across a three-kilometre section of the northern portion of the belt. Five gold occurrences lie along this trend, four of which were discovered by Labrador Gold. Additional anomalous gold values occur across approximately 40 kilometres of the southern portion of the belt. Recent exploration has also demonstrated potential for copper, nickel and cobalt.

The Borden Lake project near Chapleau, Ont., lies immediately southeast of Discovery Silver Corp.'s Borden gold mine. Past exploration by Labrador Gold identified two anomalous gold zones based on geochemistry and geophysics.

The corporation has 170,009,979 common shares issued and outstanding, and trades on the TSX Venture Exchange under the symbol LAB.

We seek Safe Harbor.