Mr. Cor Coe reports

SITKA GOLD COMPLETES ACQUISITION OF 100% INTEREST IN THE CLEAR CREEK PROPERTY AT ITS RC GOLD PROJECT, YUKON

Sitka Gold Corp. has completed its previously announced accelerated acquisition of a 100-per-cent interest in the Clear Creek property from the receiver of Victoria Gold Corp., following the granting of an approval and vesting order by the Ontario Superior Court of Justice (commercial list) on Aug. 18, 2026. This transaction completes Sitka's acquisition of all of the properties comprising the contiguous 447-square-kilometre RC gold project in Yukon, consolidating the company's 100-per-cent ownership of the project. Please see the company's July 28, 2026, news release for additional details.

"We are very pleased to announce that the accelerated acquisition of the Clear Creek property is now complete," stated Cor Coe, director and chief executive officer of Sitka Gold. "The Clear Creek property has become a key component of the consolidated land package comprising the RC gold project and, with 100-per-cent ownership of this project now secured, Sitka is well positioned to advance this district-scale gold discovery where three significant gold deposits have been found to date and several other targets have demonstrated the potential to host additional gold inventories. The Clear Creek property is integral to the district as it encompasses the Rhosgobel deposit and the Pukelman-Contact and Bear Paw breccia targets, which are currently being drilled. With seven drill rigs currently turning across multiple targets, including five drills on the Clear Creek property, we look forward to a steady stream of results in the weeks ahead as we continue the largest drill program ever conducted at the RC gold project."

RC gold project update

The 2026 drill program at the RC project continues to intersect broad zones of reduced intrusion-related gold mineralization at the Blackjack, Eiger and Rhosgobel deposits, and continues to expand and define the known gold mineralization at each area. Highlights to date include: drill hole DDRCCC-26-132, which intersected 218.6 metres of 1.25 grams per tonne gold, including 44.4 metres of 3.86 g/t gold, and returned a second, separate interval of 92.7 metres of 1.14 g/t gold (see press release dated Aug. 10, 2026) and drill hole DDRCCC-26-128, which intersected 348.0 metres of 1.12 g/t gold, including 164.0 metres of 1.83 g/t gold, 45.0 metres of 3.49 g/t gold, 2.0 metres of 15.35 g/t gold and 2.0 metres of 13.65 g/t gold (see press release dated July 13, 2026) at Blackjack. The program will continue to define these broad zones of mineralization as well as target new zones of previously defined mineralization such as the Pukelman-Contact zones, Saddle zone and Bear Paw breccia zone. To date this year, approximately 37,000 metres of drilling and 76 drill holes have been completed across the deposits as part of a planned 60,000-metre drill program for 2026.

About the RC gold project

Sitka's 100-per-cent-owned, flagship RC gold project consists of a 447-square-kilometre contiguous district-scale land package located in the heart of Yukon's Tombstone gold belt. The project is located approximately 100 kilometres east of Dawson City, which has a 5,000-foot paved runway, and is accessed through a secondary gravel road from the Klondike Highway, which is usable year-round and is an approximate two-hour drive from Dawson City. It is one of the largest consolidated land packages strategically positioned midway between the Eagle gold mine and the past-producing Brewery Creek gold mine.

The RC gold project hosts an indicated mineral resource estimate of 1,291,000 ounces of gold and an inferred MRE of 3,829,000 ounces of gold hosted within three at-surface, road-accessible pit-constrained deposits. The 60,000-metre drill program planned for 2026 is focused on expanding all three known deposits in addition to testing other high-potential targets in close proximity to the current resources.

All of these deposits begin at surface and are potentially open pit minable. Initial bottle roll metallurgical testing confirmed the non-refractory characteristics of the gold mineralization and returned gold extraction rates averaging around 85 per cent for the Blackjack and Eiger deposits. Further metallurgical testwork in 2024 for Blackjack and Eiger returned recoveries ranging from 77.6 to 93 per cent for gravity followed by cyanidation. Initial bottle roll testing for Rhosgobel has confirmed non-refractory characteristics of the gold mineralization with two composite samples returning gold recoveries of 89 per cent and 96 per cent. Additional metallurgical testing at Rhosgobel has returned an average gold recovery of 94.3 per cent using conventional whole ore cyanidation leaching and an initial recovery of 84.7 per cent tungsten in rougher concentrate using conventional flotation. Metallurgical testing for potential silver recovery has not yet been completed.

For the purposes of the current resource model, it is assumed that a likely mill flow sheet would consist of a gravimetric, flotation and cyanidation circuit.

Coming events

Sitka will be attending and/or presenting at the following events:

• Precious Metals Summit: Beaver Creek, Colo.: Sept. 22 to Sept. 25, 2026;
• Denver Gold Show: Colorado Springs, Denver, Colo.: Sept. 27 to Sept. 30, 2026;
• Nordic Funds and Mines: Stockholm, Sweden: Oct. 15 and Oct. 16, 2026;
• Yukon Geoscience Forum: Whitehorse, Yukon: Nov. 16 to Nov. 19, 2026.

About Sitka Gold Corp.

Sitka Gold is a well-financed mineral exploration company headquartered in Canada. The company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100-per-cent-owned, 447-square-kilometre flagship RC gold project located within the Tombstone gold belt in the Yukon territory. The company has also announced plans to spin out the Alpha gold project in Nevada and the Burro Creek gold and silver project in Arizona into a new discovery-focused exploration company to be named at a later date.

A 60,000-metre diamond drilling program planned for 2026 is currently under way at the company's flagship RC gold project, located in Yukon, Canada, where seven diamond drill rigs are currently operating.

All scientific and technical content of this news release has been reviewed and approved by Mr. Coe, PGeo, director and chief executive officer of the company, a qualified person as defined by National Instrument 43-101.

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