Hopes Hill Continues to Emerge as a Large-Scale Gold System

• Ongoing drilling at Hopes Hill consistently intercepted gold mineralisation
• Drilling results suggest multiple mineralised horizons along a +2.5km strike length system
• Intercepts at Hopes Hill Main, North and South all returned positive results

Golden Horse Minerals has received the final batch of assays scheduled to be received in 2025 from its flagship Hopes Hill asset, located less than 10km north of Southern Cross, Western Australia. The company has successfully built up a strong geological knowledge of the Hopes Hill deposit, with 41,519m of reverse circulation (RC) and diamond drilling (DD) completed over 220 holes since January 2025, significantly expanding the potential of the mineralised system. During 2025, the company has delineated over 2.5km of mineralised strike extent, extended the known base of mineralisation approximately 165m deeper from ~225rl to ~65mRL, and identified several types of mineralisation styles, which all bode well for an aggressive resource development drill program slated for commencement in January 2026. The latest drilling results include high-grade intercepts at Hopes Hill Main, Hopes Hill North and Hopes Hill South, with the deepest mineralisation intersection to date at Hopes Hill being 10m @ 2.1g/t Au from 363m, which is over 105m deeper than the previous deepest intercept. The company has also completed 15 diamond tails and 25 RC pre-collars for deeper diamond tails, with down-hole electromagnetic surveys planned to enable a broader view of scale for drill testing in 2026. The company's regional exploration program has also returned multiple shallow high-grade intercepts at Hakes Find and within the Ennuin and Golden Valley area.

Golden Horse Minerals will recommence field operations at Hopes Hill and its regional exploration program in early January 2026, with a focus on an aggressive resource development drill program at Hopes Hill.