• Golden Horse's first 2026 diamond hole intersected visible gold ~200m down-dip underneath the previously mined Hopes Hill pit
• 26HHDD001: 4.0m @ 4.6 g/t Au from 297m, including 1.1m @ 8.6 g/t Au
• Further significant results from diamond and RC drilling at Hopes Hill

Golden Horse's first diamond hole drilled in 2026 has intersected visible gold ~200m down-dip underneath the previously mined Hopes Hill pit. The hole, 26HHDD001, returned 4.0m @ 4.6 g/t Au from 297m, including 1.1m @ 8.6 g/t Au. Of the 156 re-assays around the visible gold, over half reported at >5.0 g/t Au with a maximum assay of 63.3 g/t Au, highlighting the potential at Hopes Hill. The visible gold was not sent for assay as it was located on the non-sampled side of the core, so the company took the additional steps of comprehensively assaying around the visible gold to ensure a detailed understanding of the gold deportment. Further significant results from diamond and RC drilling at Hopes Hill include GHHRCD0114: 6.6m @ 2.6 g/t Au from 379.53m and 26HHRC022: 10.0m @ 1.2 g/t Au from 27m. Due to current gold prices and the Christmas-New Year period, there has been a considerable backlog of assays waiting to be returned, which are expected to be progressively available for release over the coming weeks. Golden Horse has mobilized a second diamond drill rig and a third RC rig to expedite the +125km drill program previously announced.

Golden Horse is confident that it has backed a winner on a strong track for success and looks forward to keeping the market updated on its progress during this busy period ahead.