• Acquired 100% of the White Dam Gold Operation in South Australia
• Rapid progress towards recommencing gold production at White Dam
• Drilling programs underway at Alice River and St George projects

Pacgold has completed the acquisition of the White Dam Gold Operation in South Australia, a transformational milestone for the company. The company has launched a 3-phase approach to recommence operations at White Dam, with the initial focus on extracting the remaining gold from the existing heap leach pad. Pacgold has successfully completed the relining of the Pregnant Leach Solution pond and received approval to commence irrigation of the heap leach dump. Approximately 250,000 tonnes of ore has been turned over and will be under irrigation by mid-January 2026, paving the way for imminent gold production and initial cash flow. A 25,000m RC drilling program has commenced at White Dam, with the initial focus on upgrading Inferred Resources to the Indicated category. Pacgold has also provided updates on exploration and drilling activities at its Alice River and St George projects. At the Kapok Prospect within the Alice River project, the first pass aircore drilling program intersected several gold-bearing quartz veins, and the company plans to follow up with RC drilling in Q2 2026. At the Victoria Prospect, the 2025 aircore and RC drilling programs defined new coexistent gold-arsenic-antimony zones along the Alice River Fault Zone, warranting further follow-up. The company also completed RC drilling at the White Lion prospect and extended the shallow gold mineralisation on the Jerry Dodds lode structure. Pacgold is well-positioned with a strong cash position of $10 million and a recent $13 million placement to fund the production restart at White Dam and advance exploration across its project portfolio.

Pacgold is focused on achieving gold production at the White Dam Gold Operation in the near-term, which is expected to provide initial cash flow to fund further development and exploration activities.

Pacgold is entering 2026 with strong momentum, with a clear focus on achieving gold production at the White Dam Gold Operation while simultaneously unlocking the significant exploration upside across its Alice River and St George projects.