P2 Gold Intersects 0.78 Grams Per Tonne Gold and 0.29% Copper Over 79.25 Meters at Lucky Strike Zone, Gabbs Project

• P2 Gold Inc. reported results from 10 reverse circulation (RC) drill holes at the Lucky Strike Zone, Gabbs Project, Nevada. True thicknesses for all intercepts are to be determined.
• Headline intercepts include: 0.78 grams per tonne gold and 0.29% copper over 79.25 meters; 0.37 grams per tonne gold over 158.50 meters - the thickest interval at Gabbs to date; 0.47 grams per tonne gold over 121.92 meters; and 0.78 grams per tonne gold over 67.06 meters.
• Results confirm that mineralization controls at Lucky Strike are the same as at the Sullivan Zone, with a combined zone reaching up to 160 meters in thickness. The four headline holes are located at the southwest limit of drilling, with step-out holes completed and assays pending.
• 4 diamond drill holes were also completed along the eastern margin of the Lucky Strike Zone, including 1 geotechnical hole and 3 holes to test mineralization controls at the zone edge.
• An updated Mineral Resource Estimate (MRE) is targeted for the third quarter of 2026, followed by a feasibility study (FS) targeted for completion in the fourth quarter of 2026.

Company Overview

P2 Gold Inc. (TSXV: PGLD | OTCQB: PGLDF) is a mineral exploration and development company advancing its 100% owned gold-copper Gabbs Project on the Walker Lane Trend in Nevada, where work to support a feasibility study (FS) is underway. A positive Preliminary Economic Assessment (PEA) completed in October 2025 outlined a long-life, mid-size mine at Gabbs with average annual production of 109,000 ounces of gold and 33 million pounds of copper, processing 9 million tonnes per year over a 14.2-year mine life. The FS is progressing with a nominal production rate of 12 million tonnes per year, targeting an average annual production of 150,000 ounces of gold and 45 to 50 million pounds of copper. P2 Gold also holds the BAM Property in British Columbia's Golden Triangle, where a new gold discovery is open along strike and at depth.

Lucky Strike Zone RC Drilling Results

P2 Gold Inc. has reported results from 10 RC drill holes drilled on the western half of the Lucky Strike Zone at the Gabbs Project in Nye County, Nevada. Results from 4 of the 10 holes at the higher-grading gold-copper core of the Lucky Strike Zone include an intercept of 0.78 grams per tonne gold and 0.29% copper over 79.25 meters, including 1.28 grams per tonne gold and 0.34% copper over 21.34 meters. This represents one of the longest intervals of high-grade gold and copper grades encountered to date at the Lucky Strike Zone. True thicknesses have not been determined.

The 158.50-meter intercept of 0.37 grams per tonne gold and 0.16% copper, including 0.49 grams per tonne gold and 0.18% copper over 67.06 meters, represents the thickest interval of mineralization encountered to date at the Gabbs Project. Additional highlights include 0.47 grams per tonne gold and 0.21% copper over 121.92 meters, including 0.82 grams per tonne gold and 0.29% copper over 41.15 meters, and 0.78 grams per tonne gold and 0.20% copper over 67.06 meters, including 1.07 grams per tonne gold and 0.28% copper over 42.67 meters. The 4 holes are located at the southwest limit of drilling at Lucky Strike, confirming results in a prior diamond drill hole reported May 20, 2026.

Geological Controls & Diamond Drill Results

Results from the 10 RC holes confirm that mineralization controls at Lucky Strike are the same as at the Sullivan Zone, with mineralization localized within and below a tabular unit of quartz monzonite underlain by pyroxenite. The higher-grade gold and copper core gives way to copper-gold footwall mineralization ranging from 20 to 60 meters in thickness, with the main mineralized body reaching up to 100 meters thick, forming a combined zone up to 160 meters thick.

Also reported are 4 final diamond drill holes drilled along the eastern margin of the Lucky Strike Zone: 1 geotechnical hole for pit slope stability assessment of the planned open pit, and 3 holes to test controls on mineralization at the edge of the zone. The geotechnical hole intersected 3.70 grams per tonne of gold and 0.33% copper over 3.05 meters.

Infill & Expansion Drill Program Update

Since the start of the Infill and Expansion Drill Program in October 2025, a total of 78 RC drill holes have been completed, with 24 holes at the Sullivan Zone and 54 holes at the Lucky Strike Zone. The diamond drill completed 29 metallurgical and slope-stability geotechnical holes and 10 exploration holes before being demobilized from the site at the end of May 2026. Additional RC drilling in the southwest is planned, following which the focus will switch to expanding mineralization to the northeast and southeast, both of which remain open.

On completion of the Infill and Expansion Drill Program, an updated Mineral Resource Estimate (MRE) is targeted for the third quarter of 2026. The updated estimate will form the basis of the FS on placing Gabbs in production, targeted for completion in the fourth quarter of 2026.

Next Steps

Step-out drill holes from the southwest limit of drilling at Lucky Strike have been completed, with assays to be reported on receipt. An updated MRE is targeted for the third quarter of 2026, followed by the FS targeted for completion in the fourth quarter of 2026.

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