Mr. Kyle Stanfield reports

ONGOLD ANNOUNCES GRANT OF STOCK OPTIONS

Ongold Resources Ltd. has granted stock options pursuant to the company's omnibus plan.

The company has granted 200,000 options to its chief executive officer and director, Kyle Stanfield, effective June 8, 2026.

Each option is exercisable to acquire one common share in the capital of the company at an exercise price of 67 cents per common share, being the closing price of the company's common shares on the TSX Venture Exchange on June 5, 2026, the last trading day prior to the date of grant. The options have a term of five years from the date of grant and vest in three equal tranches, with one-third vesting immediately and the remaining two-thirds vesting in two equal tranches at six-month intervals thereafter.

All of the options, and any common shares issuable upon exercise thereof, will be subject to a four-month-and-one-day hold period in accordance with the policies of the TSX-V and applicable securities laws.

About Ongold Resources Ltd.

Ongold Resources owns significant exploration assets in Northern Ontario and Northern Manitoba, including the district-scale Monument Bay gold-tungsten project, TPK project, Domain gold project and October gold project. These projects represent a strategic footprint in some of Canada's most prolific gold-producing regions.

We seek Safe Harbor.