Pinnacle Announces Latest Progress at El Potrero Project as It Advances Toward Production Decision

Highlights

Underground rehabilitation of historical mine drifts and preparation of drill bays are expected to commence next week

Underground definition drilling is scheduled to start in late March

Environmental permit application for surface drilling has been submitted, and the company anticipates the program may launch within approximately 90 days

Second-round metallurgical testing is underway to optimize results from the initial preliminary scoping test, which achieved a 95.1% gold recovery rate. Head grade assay results for a main vein composite sample (comprising five samples) yielded 7.7 grams per tonne (g/t) gold and 116 g/t silver, indicating substantial head grades for future operations

A feasibility study for extending power lines to the project site has been commissioned, which will provide cost and timeline estimates for installation to submit to Mexican authorities

An agreement has been signed with the local Ejido El Carmen community, covering all work Pinnacle will conduct to advance the project to a production decision

$Pinnacle Silver and Gold Corp(PSGCF)$ (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) – Pinnacle Silver and Gold Corp. (“Pinnacle” or the “Company”) is pleased to announce updates on various aspects of its high-grade El Potrero project located in Durango, Mexico, as the project continues to advance toward a production decision. Since initiating work at the project one year ago, Pinnacle has made significant progress in advancing multiple workstreams in parallel to rapidly move the project toward a production decision, with the goal of commencing production as soon as possible.

Following the completion of extensive underground and surface channel sampling and 3D modeling, the Company is now positioned to begin rehabilitating historical mine drifts along the major Dos de Mayo vein trend. Underground definition drilling will start once drill bays are prepared. Additionally, surface drilling permit applications have been submitted, second-round metallurgical testing is in progress, a feasibility study for power line extension has been commissioned, and a new access agreement has been signed with the local community.

Robert Archer, President and Chief Executive Officer of Pinnacle, stated: “One year in, we are extremely pleased with the progress achieved at the Potrero project to date. The start of underground rehabilitation is a key milestone in the project’s advancement, as it is uncommon for a project’s first drilling program to be underground definition drilling rather than surface exploration. We believe surface drilling will follow immediately after the underground drilling program. Building on the excellent results of our first metallurgical test, which achieved an average gold recovery rate of 95.1%, the current round of testing will include mineralogical studies, more in-depth gravity separation, and optimization of leaching tests. The feasibility study for power line extension will provide the detailed information needed to secure approval from Comisión Federal de Electricidad (CFE) and allow us to estimate the costs and timeline required for this activity. Importantly, we have signed an agreement with the local Ejido El Carmen community to support our work on lands covering the northern block where the Potrero project’s mine and processing plant are located. With all these workstreams progressing in parallel to de-risk the project, we expect to be in a position to make a production decision by year-end.”

Pasofino Announces Receipt of Interim Court Order and Mailing of Management Information Circular in Connection with Proposed Arrangement

Toronto, February 25, 2026 /CNW/ – Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) (“Pasofino” or the “Company”) is pleased to announce that it has filed and is mailing the Company’s management information circular and related meeting materials in connection with a special meeting (the “Meeting”) of the Company’s common shareholders (the “Shareholders”), holders of options to purchase shares of the Company (the “Optionholders”), and holders of warrants to purchase shares of the Company (the “Warrantholders”; collectively with the Shareholders and Optionholders, the “Securityholders”) to be held on March 31, 2026. The purpose of the Meeting is to seek approval of the previously announced statutory arrangement (the “Arrangement”) pursuant to Section 9.5 of the Business Corporations Act (British Columbia). Pursuant to the Arrangement, Mansa Resources Limited (“Mansa”), through its wholly owned subsidiary 1574136 B.C. LTD. (the “Purchaser”), will acquire all issued and outstanding shares of the Company not already owned by Mansa and its affiliates for cash consideration of CAD 0.90 per share, all in accordance with the terms of the arrangement agreement (as may be amended, modified or supplemented from time to time, the “Arrangement Agreement”) dated January 26, 2026, and amended on February 23, 2026, among the Company, Mansa and the Purchaser.

In addition, Pasofino is pleased to announce that the Supreme Court of British Columbia has today granted an interim order authorizing the calling, holding and conduct of the Meeting and other procedural matters in connection with the Arrangement.

Meeting Details

Pursuant to the interim order, the Meeting will be held in person on March 31, 2026, at 10:00 a.m. (Toronto time) at the offices of Fasken Martineau DuMoulin LLP, located at 333 Bay Street, Suite 2400, Toronto, Ontario. The record date for determining Securityholders entitled to receive notice of and vote at the Meeting is the close of business on February 19, 2026.

At the Meeting, Securityholders will be asked to consider and, if deemed appropriate, approve (with or without modification) a special resolution approving the Arrangement (the “Arrangement Resolution”). The Arrangement Resolution must be approved by: (1) at least two-thirds of the votes cast by Shareholders present in person or represented by proxy at the Meeting; (2) at least two-thirds of the votes cast by Securityholders voting together as a single class present in person or represented by proxy at the Meeting; and (3) a simple majority of the votes cast by Shareholders present in person or represented by proxy at the Meeting, excluding votes attached to shares held by Mansa and any other person described in MI 61-101 – Protection of Minority Securityholders in Special Transactions Section 8.1(2)(a) to (d).

Completed proxies must be received by the Company’s transfer agent, Computershare Investor Services Inc., by 10:00 a.m. (Toronto time) on March 27, 2026 (the “Proxy Cut-Off Time”).

1911 Gold Announces Grant of Stock Options with Exercise Price of $1.15

Vancouver, British Columbia, February 25, 2026 /CNW/ – 1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) announced that, pursuant to the Company’s Long-Term Incentive Plan (“LTIP”), it has granted stock options (the “Options”) to Suzette Ramcharan, a Company employee providing investor relations services, to purchase up to 500,000 common shares of the Company at an exercise price of CAD 1.15 per share, expiring on February 25, 2031. The Options will vest in four equal installments on the third, sixth, ninth, and twelfth-month anniversaries of the grant date. The foregoing Options are subject to approval by the TSX Venture Exchange.

About 1911 Gold Corporation

1911 Gold is a junior exploration company with a high-potential, consolidated land package exceeding 62,000 hectares in the Archean Rice Lake Greenstone Belt and adjacent areas of Manitoba. The Company owns 100% of the True North Mine and Mill Complex near Bissett, Manitoba. The Company’s land package presents significant exploration opportunities and development potential to establish a mining hub centered around the True North Mining Complex. The Company also holds the Apex project near Snow Lake, Manitoba, and the Denton-Keefer project near Timmins, Ontario, and will focus on organic growth and value-adding acquisitions in North America.

1911 Gold’s True North Mining Complex and exploration properties are located within the traditional territory of the Hollow Water First Nation. The Company looks forward to maintaining open, cooperative, and mutually respectful communication with the Hollow Water First Nation and all local stakeholders to build mutually beneficial relationships.

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