• High-grade drilling success and new zone discovery highlight strong resource growth potential at Spring Hill
• Successful ~A$24M institutional placement to fully fund drilling, June 2026 MRE update and Pre-Feasibility Study
• Updated MRE and Pre-Feasibility Study work ramping up, with MRE due in June 2026 and PFS on target for October 2026

PC Gold delivered a solid March 2026 quarter, advancing both resource growth and development activities at the Spring Hill project despite challenging wet season conditions. A total of 6,610m of diamond drilling intersected consistent high-grade mineralisation across key target areas, notably identifying a new high-grade 'Link Zone' between the Hong Kong and Macau lodes, including standout results such as 25m @ 36.83 g/t Au. Drilling at the southern extension of the Main Lode also confirmed mineralisation outside the current Mineral Resource Estimate (MRE), highlighting clear potential to extend the resource along strike. The company successfully completed an ~A$24M institutional placement to fully fund drilling, a June 2026 MRE update and Pre-Feasibility Study (PFS). PFS activities progressed across all key workstreams, with metallurgical drilling completed, engineering design advancing, and environmental studies underway. An updated resource model incorporating recent drilling is expected in June 2026, and the PFS remains on target for October 2026.

The company continues to advance the Spring Hill project, with an updated MRE expected in June 2026 and the PFS on target for October 2026. Ongoing drilling and development activities are aimed at further expanding the resource and progressing the project towards a development decision.