• First diamond drilling program at Kirgella Gift and Providence confirms gold mineralization to 300m depth
• Commenced largest ever drilling campaign with RC, diamond, and aircore programs totaling over 19,000m
• Strong cash position of $2.9 million with no debt

The March 2026 quarter was a productive one for KalGold, with the company's first diamond drilling program at the Kirgella Gift and Providence deposits within the Pinjin Gold Project delivering promising results. The four EIS-funded diamond drill holes confirmed significant steeply west-dipping, shear-hosted gold mineralization within altered ultramafic units, with highlights including 28m at 2.24 g/t Au from 92m and 15m at 1.75 g/t Au from 26m. Importantly, the drilling has extended mineralization to approximately 300m vertical depth, around 160m below the current resource envelope, representing a significant step-change in the understanding of the deposit's depth potential. Additionally, a previously unrecognized set of north-south trending, east-dipping fault structures was identified, which will directly influence the targeting of future deep drill programs. Building on these results, KalGold has commenced its largest ever drilling campaign, comprising a 41-hole RC program (6,850m) targeting resource extensions and infill, a 4-hole diamond drill program (1,800m) to test deeper potential, and a first-pass aircore reconnaissance program (up to 215 holes, 10,750m) at the LTZ Flexure greenfields target. The company's balance sheet remains strong, with $2.9 million in cash and no debt as of 31 March 2026, positioning it well to execute on this comprehensive exploration program.

KalGold is systematically working through a structured pipeline of discovery and resource growth opportunities throughout the Laverton Tectonic Zone at Pinjin, which the company believes remains significantly underexplored for a gold belt hosting several multi-million ounce gold deposits. The results of the current and upcoming drill programs are expected to provide the necessary data for more detailed drill programs to move the area towards discovery and further resource definition.