Mr. Devin Pickell reports

RENEGADE GOLD EXPANDS RED LAKE LAND PACKAGE TO MORE THAN 100,000 HA THROUGH STRATEGIC ACQUISITIONS AT CONFEDERATION

Renegade Gold Inc. has significantly expanded its Red Lake exploration footprint, centred within the company's Confederation project, through the acquisition of additional claims and strategic claim staking in the Red Lake mining district, Ontario.

The company has entered into a mineral property purchase agreement with an arm's-length third party dated Feb. 5, 2026, whereby the company agreed to purchase a total of 105 unpatented mining claims known as the Belanger property. Following this acquisition, Renegade's consolidated Red Lake land package would total approximately 100,150 hectares.

Highlights

• Expanded Red Lake land position to approximately 100,150 ha, one of the largest consolidated exploration portfolios in the district.
• Belanger property added to the Confederation project, comprising 2,150 ha and approximately five kilometres of prospective strike length, with historic high-grade gold mineralization documented at surface up to 60.4 grams per tonne gold and in shallow drilling up to 7.66 g/t Au and 2.06 per cent copper over 0.3 metre.
• Strategic consolidation within the Confederation project, including additional claims proximal to the Copperlode trend and new claim staking within the existing land position.
• Expansion supports Renegade's greenfield discovery strategy, focused on district-scale land consolidation, systematic evaluation of underexplored geological corridors and the generation of new, high-quality drill targets.

Devin Pickell, president and chief executive officer of Renegade, commented: "The Belanger property represents a strategic addition along major regional structures within our Confederation project, adding approximately five km of prospective strike length with documented high-grade gold and base metal mineralization at surface and in shallow drilling. Together with the acquisition of the Arrow West claims in December and the recent staking of additional claims within the existing land package, we have further strengthened continuity across key geological corridors. These additions support our greenfield discovery strategy as we continue refining our exploration model and advancing new drill targets across the project."

About the Belanger property

The Belanger property consists of 105 unpatented mining claims covering approximately 2,150 ha within the Birch-Uchi greenstone belt, east of Red Lake, Ont. The property is contiguous with Renegade's Confederation project, providing a strategic addition to the company's consolidated land position in the district.

The surrounding area has a long history of production from both base metal and gold deposits, including the South Bay mine, which produced approximately 1.5 million tonnes at 1.8 per cent copper, 11.06 per cent zinc and 73 g/t silver over its 13-year mine life. The Grassett, Uchi, Hanalda and Jalda mines also reported combined production of 757,000 tonnes at 5.14 g/t gold, with the Grasset mine alone producing 78,000 tonnes grading 7.54 g/t gold.

The Belanger property is underlain by Cycle-III volcanic rocks and granodioritic porphyries of the Confederation Assemblage, similar to those that host the historic South Bay mine located approximately 10 km northeast of the property. Both north- and east-trending regional fault structures transect the property and are considered favourable loci for gold mineralization. The property is considered prospective for volcanogenic massive sulphide (VMS) and orogenic gold deposits.

Historic exploration on the Belanger property has focused primarily on base metals since the late 1960s. However, gold mineralization has been documented in historic trenches and grab samples with highlights of:

• 60.4 g/t Au and 0.03 per cent Cu;
• 3.8 g/t Au and 5.47 per cent Cu;
• 3.41 g/t Au and 3.85 per cent Cu;
• 24.8 g/t Au over 0.6 m (chip sample);
• 11.8 g/t Au, 59.7 g/t Ag and 4.59 per cent Cu;
• 45.26 g/t Au, 0.32 per cent Cu and 17.1 g/t Ag.

Limited drilling has occurred on the property, consisting of 897.5 m across 12 drill holes completed in 2002, which were subsequently relogged with additional and check assays in 2021. Reported highlights include:

• 7.66 g/t Au and 2.06 per cent Cu over 0.3 m in hole GL-142;
• 7.64 g/t Au and 2.08 per cent Cu over 0.3 m in hole GL-152;
• 1.11 g/t Au and 1.23 per cent Cu over 1.22 m in hole GL-082;
• 1.02 g/t Au and 0.9 g/t Ag over 0.91 m in hole GL-038.

Agreement

Under the terms of the agreement, the company will purchase the Belanger property for a purchase price of $10,000 (paid in two equal instalments on signing and on closing, respectively) and the issuance of 12,345 common shares at an issue price of 40.5 cents per share to the vendor.

Completion of the acquisition of the Belanger property is subject to customary closing conditions, including the approval of the TSX Venture Exchange.

Qualified person

The technical content of this news release has been reviewed and approved by Dale Ginn, PGeo, the executive chair and a director of the company and a qualified person pursuant to National Instrument 43-101.

About Renegade Gold Inc.

Renegade Gold is a growth-focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake mining district of Northern Ontario. As part of its regional-scale consolidation strategy, the company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The approximately 100,150 hectares prospective and diversified exploration portfolio has significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today.

We seek Safe Harbor.