New results include 37.89 meters grading 5.29 g/t gold and 14.0 meters grading 13.09 g/t gold, as Dundee-funded technical programs advance the project toward a resource estimate and pre-feasibility study

TORONTO, Sept. 22, 2026 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (“Dundee” or the “Corporation”) is pleased to report the sixth batch of assay results from ongoing resource infill drilling at Westhaven Gold Corp’s (“Westhaven”) South Zone gold and silver deposit on the Shovelnose gold property in southern British Columbia. The 35,000m infill program continues to be supported by four drills and is on track for completion by the end of September at which point the current 15,000m exploration drilling program will increase from one to four drills. Additionally, field activities have been expanded with initiation of a CDN$4,000,000 sonic drilling program intended to advance geotechnical and hydrogeology investigations in support of the South Zone pre-feasibility study (PFS), targeting completion in H2 2027.

Key Highlights:

  • New South Zone infill drill results include highlight assays of:
    • 37.89m grading 5.29 g/t Au and 31.9 g/t Ag
    • 14.00m grading 13.09 g/t Au and 105.8 g/t Ag
    • 32.06m grading 5.05 g/t Au and 28.1 g/t Ag
    • 30.00m grading 2.34 g/t Au and 15.9 g/t Ag
    • 2.62m grading 13.81 g/t Au and 26.6 g/t Ag
  • Resource infill drilling is on schedule for completion by the end of September and exploration drilling program to ramp up from one to four drills.
  • CDN$4,000,000 geotechnical and hydrogeology drill program initiated.

“The consistency of these drill results continues to support our high conviction in the quality of the South Zone deposit.” said Jonathan Goodman, President and CEO of Dundee Corporation. “Importantly, the program is now transitioning from resource definition to exploration as well as the technical work required to support development of the mine. Dundee’s capital is intended to accelerate that progression, and we are encouraged by the pace at which the Westhaven Dundee Joint Venture is advancing the project toward an updated resource estimate and pre-feasibility study.”

On February 23, 2026, the Corporation completed a strategic earn-in agreement with Westhaven, whereby Dundee may earn up to a 60% interest in Westhaven’s four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m drill program at Shovelnose, which is funding the activities outlined in this news release and is expected to continue through the remainder of 2026.

South Zone Mineral Resource Infill Drilling

Assay results from the ongoing 35,000m resource infill drilling program at the South Zone deposit continue to show excellent continuity of mineralization in each of Vein Zones 1, 2 and 3. All Assay Results related to the additional 13 infill drill holes are reported in Table 1, bringing the total number of reported drillholes to 72. For previously reported assay results from the South Zone mineral resource drilling program, please refer to the Corporation’s press releases dated May 7, 2026, May 26, 2026, July 7, 2026, July 28, 2026 and August 20, 2026. The resource drilling program has been designed to infill the deposit at nominal 25m centres with results to be included in an updated mineral resource estimate to support a PFS targeting completion in H2 2027. To date, 109 drill holes (34,265m) have been completed, with 6 holes remaining to completion of the program.

Selected assay highlights include:
SNR26-108: 37.89m grading 5.29 g/t Au & 32 g/t Ag from 183.11m downhole
SNR26-116: 32.06m grading 5.05 g/t Au & 28 g/t Ag from 223.00m downhole
SNR26-120: 30.00m grading 2.34 g/t Au & 16 g/t Ag from 210.50m downhole
SNR26-124: 7.45m grading 4.99 g/t Au & 81 g/t Ag from 215.85m downhole; and
  14.94m grading 2.61 g/t Au & 16 g/t Ag from 227.52m downhole
SNR26-129: 14.00m grading 13.09 g/t Au & 106 g/t Ag from 254.00m downhole
SNR26-132: 2.59m grading 13.81 g/t Au & 27 g/t Ag from 273.28m downhole

Table 1 shows assay results, including drill hole locations and orientations. Reported assay intervals represent downhole intersections, not true widths. True widths can be estimated at approximately 70-80% of the reported intervals.

Figure 1 shows the locations of the drill holes reported in this news release, as well as the other holes completed in 2026, the planned 2026 drill collar locations and the drill collars of pre-2026 drilling of the South Zone.

Figure 2 presents a South Zone cross-section highlighting drill hole SNR26-108, and Figure 3 presents a South Zone cross-section highlighting drill holes SNR26-116 and SNR26-129. The sections are viewed to the northwest (310°) and illustrate strong continuity of mineralization hosted within structurally controlled quartz veins and hydrothermal breccia zones.

Sampling, Laboratory Analyses and Quality Assurance/Quality Control (QA/QC)

Most core samples consist of halved drill core cut by manual sawing using industry standard core saws. In rare cases, and where required by physical core conditions, manual splitting may be used. Half of the core is retained in the original core box for reference samples and any required future work, including QA/QC. Core samples, controlled by a unique bar-coded reference number, are delivered to ALS’s Kamloops facility and prepared using the PREP-31 package. Each core sample is crushed to better than 70% passing a 2mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen.

Further analytical and assay procedures are conducted in ALS’s North Vancouver facility. A 0.75g subsample of the pulverized split is subjected to four acid digestion and analyzed via ICP-MS (method code ME-MS61m (+Hg)) which reports a suite of 49 elements.

All samples are also analyzed for gold by fire assay with an AES finish, method code Au-ICP21 (30g sample size) or Au-ICP22 (50g sample size). Samples returning gold values over 10ppm are subjected to over-limit check assays using fire assay and a gravimetric finish (method code Au-GRA21 and a 30g sample size, or Au-GRAV22 and a 50g sample size). The switch to 50g aliquots applies to 2026 resource infill drill holes starting at, and including, SNR26-98. Other over-limit elements may also be subjected to ore grade analyses which vary depending on the element of interest.

ALS’s facilities are independent of the Corporation and Westhaven and are accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria.

QA/QC incorporates the laboratory’s internal quality assurance controls as well as Westhaven’s field controls, including the insertion of quarter core duplicates, certified reference materials and blanks, each at a rate of roughly one per 20-25 core samples. Additional blanks are inserted following samples with visible gold or significant concentrations of ginguro (fine grained bands of dark gray to black sulphides).

QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, standards and blanks fall outside allowed tolerances. Westhaven’s ongoing QA/QC programs are consistent with industry best practices and include auditing of all exploration data. Any significant changes will be reported when available.

Figure 1 – Plan View Map September 2026

Figure 1 – Plan View Map September 2026

Figure 2 – South Zone Cross Section A-A’

Figure 2 – South Zone Cross Section A-A’

Figure 3 – South Zone Cross Section B-B’

Figure 3 – South Zone Cross Section B-B’

Table 1 – Assay Highlights

Table 1 – Assay Highlights

ABOUT DUNDEE CORPORATION:

Dundee Corporation is a public Canadian independent mining-focused holding company, listed on the Toronto Stock Exchange (“TSX”) under the symbol “DC.A”. The Corporation is engaged in the identification, evaluation, and advancement of mineral resource opportunities within the mining sector. The Corporation is actively pursuing interests in mining and exploration projects at various stages of development. In connection with these activities, the Corporation conducts technical, geological, and financial due diligence and may enter into joint arrangements, strategic partnerships, and other arrangements with third parties, with its level of involvement in project development and operations varying depending on the nature of the opportunity. The Corporation may support the advancement of mining opportunities through involvement in development planning and oversight of key technical workstreams.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Robin Hopkins, P.Geo. (NT/NU), Vice President, Exploration for Westhaven and a Qualified Person for Westhaven under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Hopkins is independent of Dundee.

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor and Media Relations
T: (416) 864-3584
E: ir@dundeecorporation.com

FORWARD-LOOKING STATEMENTS:

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. These forward-looking statements are made as of the date of this news release and Dundee does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law.

Forward-looking statements in this news release may include, but are not limited to, statements with respect to completing approximately 50,000m of drilling during the year; completing an updated South Zone mineral resource estimate and the planned Pre-Feasibility Study and timing thereof; future planned activities; future mineral production and future growth potential for the Shovelnose project; the interpretation of preliminary results from exploration undertaken to date at the Shovelnose project using various exploration techniques and analysis; statements with respect to potential styles of epithermal mineralization at the Shovelnose project; and, the possibility that the Shovelnose project may host multiple gold bearing epithermal systems.

In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of management of Dundee as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Assumptions have been made regarding, among other things, the price of gold and other precious metals; costs of exploration and development; the estimated costs of development of the Shovelnose project; Westhaven’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

Although management of Dundee have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information. Such factors include, without limitation: precious metals price volatility; regulatory, consent or permitting delays; risks relating to reliance on Westhaven’s management team and outside contractors; risks regarding mineral resources and reserves; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; Westhaven’s interactions with surrounding communities; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; and the factors identified in Dundee’s other public disclosure available on SEDAR+ at www.sedarplus.ca. Mineral exploration involves a high degree of risk and few properties, which are explored, are ultimately developed into producing mines. There can be no assurance that such forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.

A photo accompanying this announcement is available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/37b507f1-e083-4a89-a4cb-78481864ec6b

https://www.globenewswire.com/NewsRoom/AttachmentNg/1b57b993-a7d3-4f51-b489-49766b30db8d

https://www.globenewswire.com/NewsRoom/AttachmentNg/8838642d-f8d5-4385-8ccf-8b0375b90053

https://www.globenewswire.com/NewsRoom/AttachmentNg/2d113d87-0407-42fb-8b77-b2d9f50e9393

MINNEAPOLIS, MN, US, Sept. 22, 2026 (GLOBE NEWSWIRE) — PetVivo Holdings, Inc. (OTCQX: PETV) (the “Company”), an emerging biomedical device company focused on the commercialization of innovative medical devices and therapeutics for companion animals, today announced the appointment of Jaime K. Pickett, DVM, MBA, to its Board of Directors, effective September 22, 2026.

“We are pleased to welcome Dr. Jaime Pickett to PetVivo’s Board of Directors,” said John Lai, Chief Executive Officer of PetVivo Holdings, Inc. “Jaime brings a valuable combination of veterinary expertise, executive leadership and experience growing veterinary care organizations. Her understanding of clinical practice, hospital operations and animal-health technology will provide an important perspective as we work to expand product adoption, strengthen relationships with veterinarians and pursue opportunities for sustainable growth.”

Dr. Pickett is a veterinary healthcare executive, entrepreneur and board leader with more than 20 years of experience in animal health, multi-site operations, corporate strategy, business development and product commercialization. She currently serves as Chief Medical Officer of EQUUSIR USA and as Advising Chief Medical Officer and a board member of Alexander International Innovations, providing clinical, regulatory, commercialization and strategic guidance for emerging medical and animal-health technologies. She also serves on the Board of Chief Veterinary Medical Officers and is a Scenthound multi-unit franchisee.

From 2023 to 2026, Dr. Pickett held executive leadership roles with Hannah Pet Hospitals, including Chief Executive Officer, President, board member and Chief Strategy Officer. From 2017 to 2022, she served as Chief Veterinary Officer and Senior Vice President of Pet Paradise and as Chief Operating Officer of its subsidiary, NewDay Veterinary Care. In these executive leadership roles, she led veterinary and operational strategy across more than 55 pet resorts and veterinary hospitals in over 15 states, directed teams of more than 100 veterinary professionals, and was instrumental to the organization’s strong enterprise revenue. Her experience also includes veterinary practice ownership, multi-site expansion, mergers and acquisitions evaluation, and telehealth implementation.

Dr. Pickett earned her Doctor of Veterinary Medicine from the University of Florida College of Veterinary Medicine, an MBA from St. George’s University and a Bachelor of Arts from Johns Hopkins University. She also completed the Global C-Suite Program through Wharton Executive Education at the University of Pennsylvania. She is a member of the American Veterinary Medical Association and served for nine years on the University of Florida College of Veterinary Medicine Admissions Committee.

“I am excited to join PetVivo’s Board and contribute both a veterinarian’s perspective and my experience building and leading animal-health businesses,” said Dr. Pickett. “Bringing new technologies into veterinary practice requires an understanding of clinical needs, practice operations and the support veterinary teams need to evaluate and adopt them. I look forward to working with John and the team to help advance PetVivo’s commercial strategy, strengthen connections with the veterinary community and create long-term value for shareholders.”

Dr. Pickett fills the vacancy created by Diane Levitan’s resignation, effective September 22, 2026. The Board thanks Dr. Levitan for her leadership, guidance and contributions during her tenure. Following these changes, the Board continues to consist of six directors.

About PetVivo Holdings, Inc.

PetVivo Holdings, Inc. (OTCQX: PETV), together with its subsidiaries PetVivo Animal Health, Inc., Somatrix Technologies, Inc. and PetVivo AI, Inc., is an emerging biomedical device company focused on the development, manufacturing, commercialization and licensing of innovative medical devices, biomaterials and therapeutics for animal and human health. The Company’s strategy is to leverage its proprietary technologies, intellectual property and scientific expertise to develop and commercialize products addressing unmet needs across veterinary and human medicine.

PetVivo has a robust pipeline of products for the treatment of animals and people. A portfolio of twelve issued and pending patents and six trade secrets protect the Company’s biomaterials, products, production processes and methods of use. The Company’s lead product, SPRYNG® with OsteoCushion® technology, a veterinarian-administered, intra-articular injection for the management of lameness and other joint-related afflictions, including osteoarthritis, in cats, dogs and horses, is currently available for commercial sale.

Company Contact
John Lai, CEO
PetVivo Holdings, Inc.
Email Contact
Tel (952) 405-6216

Forward-Looking Statements

The foregoing information regarding PetVivo Holdings, Inc. (the “Company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation the Company’s proposed development and commercial timelines, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of uncertainties and risks that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026 and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

MINNEAPOLIS, MN, US, Sept. 22, 2026 (GLOBE NEWSWIRE) — PetVivo Holdings, Inc. (OTCQX: PETV) (the “Company”), together with its subsidiaries PetVivo Animal Health, Inc., Somatrix Technologies, Inc. and PetVivo AI, Inc., an emerging biomedical device company focused on the commercialization of innovative medical devices and therapeutics for companion animals, today announced the appointment of Michael K. Handley to its Board of Directors, effective September 22, 2026.


“We are pleased to welcome Michael Handley to PetVivo’s Board of Directors,” said John Lai, Chief Executive Officer of PetVivo Holdings, Inc. “Michael brings extensive experience in building life sciences companies, raising capital and guiding technologies through development and commercialization. His perspective across biotechnology, pharmaceuticals and medical devices will be valuable as we work to expand adoption of our products, evaluate strategic opportunities and build long-term shareholder value.”

Mr. Handley is a life sciences executive and board director with more than 25 years of experience in the biotechnology, pharmaceutical and medical device industries. He has raised more than $700 million in public and private capital, supported more than 80 global product launches, and led or contributed to transactions with an aggregate value exceeding $4 billion. His experience spans corporate strategy and governance, capital markets, mergers and acquisitions, licensing, clinical development, regulatory affairs and global commercialization.

Mr. Handley most recently served as Chief Executive Officer and a director of Valion Bio, Inc. Previously, he was President, Chief Executive Officer and Chairman of Statera Biopharma, Inc., and held chief executive and director roles at Immune Therapeutics, Corp and Armis Biopharma. He also helped found Vessix Vascular, Inc., where he served as Vice President of Clinical, Quality and Regulatory until its acquisition by Boston Scientific Corporation in 2012.

Mr. Handley graduated cum laude from Colorado State University with a B.S. in Molecular Biology and Physiology. He attended the Executive MBA program at Pepperdine University and completed the Global C-Suite Program at the Wharton School of the University of Pennsylvania.

“I am excited to join PetVivo’s Board and work with John and the leadership team,” said Mr. Handley. “PetVivo’s focus on bringing innovative technologies to veterinary medicine, together with the potential to develop applications in human health, aligns closely with my experience in life sciences development and commercialization. I look forward to helping the Company evaluate growth opportunities, develop strategic relationships and advance its business in ways that support veterinarians, the animals they care for and, over time, potential human healthcare applications, while building long-term shareholder value.”

Mr. Handley fills the vacancy created by Joseph Jasper’s resignation, effective September 22, 2026. The Board thanks Mr. Jasper for his leadership, guidance and contributions during his tenure. Following these changes, the Board continues to consist of six directors.

About PetVivo Holdings, Inc.

PetVivo Holdings, Inc. (OTCQX: PETV), together with its subsidiaries PetVivo Animal Health, Inc., Somatrix Technologies, Inc. and PetVivo AI, Inc., is an emerging biomedical device company focused on the development, manufacturing, commercialization and licensing of innovative medical devices, biomaterials and therapeutics for animal and human health. The Company’s strategy is to leverage its proprietary technologies, intellectual property and scientific expertise to develop and commercialize products addressing unmet needs across veterinary and human medicine.

PetVivo has a robust pipeline of products for the treatment of animals and people. A portfolio of twelve issued and pending patents and six trade secrets protect the Company’s biomaterials, products, production processes and methods of use. The Company’s lead product, SPRYNG® with OsteoCushion® technology, a veterinarian-administered, intra-articular injection for the management of lameness and other joint-related afflictions, including osteoarthritis, in cats, dogs and horses, is currently available for commercial sale.

Company Contact
John Lai, CEO
PetVivo Holdings, Inc.
Email Contact
Tel (952) 405-6216

Forward-Looking Statements

The foregoing information regarding PetVivo Holdings, Inc. (the “Company”) may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation the Company’s proposed development and commercial timelines, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of uncertainties and risks that could significantly affect current plans. Risks concerning the Company’s business are described in detail in the Company’s Annual Report on Form 10-K for the year ended March 31, 2026 and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — K2 Gold Corporation (“K2” or the “Company”) (TSX-V: KTO | OTCQX: KTGDF | FSE: 23K) today announced the results from four additional drill holes completed at the Dragonfly Zone at its 100% owned Mojave Project. Results from these four holes drilled off the third pad of the 2026 program confirm the presence of multiple stacked structures hosting high-grade oxide gold 75m to the south of K2’s 2020 discovery intercept, and 68m from K2’s previous results announced here.

The Dragonfly Zone is located 1.5km south of the undrilled Gold Valley target (rock samples to 375 g/t Au), 2km north of the Newmont target, and midway along the >6.5km long Eastside Gold Trend, a broad mineralized trend which has been identified by K2 sampling and limited historical drilling (see NI43-101 Technical Report).  

29 holes have been completed to date for 5,389m of a fully permitted and fully funded 14,000m campaign, with drilling currently in progress at the Newmont Zone. Results from 18 additional K2 drill holes are pending.

Highlights

  • Results from all four holes reported herein are from site DF-G, a drill pad placed 75m to the south-southwest of K2’s 2020 highlight hole in the Dragonfly Zone, DF20-002: 45.72m of 6.68 g/t Au (see K2 release of November 30, 2020) and designed to target the southern and down dip extension of the exceptional 2020 intercept, reporting the following:
    • DF26-028: 53.34m of 2.00 g/t Au from 70.10m down hole, including 15.24m of 5.33 g/t Au from 82.30m followed by 4.57m of 1.63 g/t Au from 166.12m downhole.
    • DF26-025: 15.24m of 1.16 g/t Au from 68.58m downhole, followed by 18.29 m of 1.25 g/t Au from 100.58 m downhole.
    • DF26-026: 38.10m of 1.29 g/t Au from 50.29m including 4.57m of 3.75 g/t Au, followed by 4.57m of 0.71 g/t Au downhole.
    • DF26-027: 6.10m of 2.07 g/t Au from 60.96m down hole, followed by 68.58m of 0.54 g/t Au from 114.30m downhole.
  • Drilling intersects high-grade mineralized structures in previously untested ground in K2’s southernmost hole drilled to date in this 2026 program.
  • Results continue to confirm that the Dragonfly zone consists of multiple stacked west-dipping gold-bearing structures and remains open in all directions.
  • All structures drilled to date demonstrate the potential to host high-grade oxide gold mineralization, with each section drilled returning high-grade results and 2026 drill samples returning up to 19.00 g/t Au.

Mojave Region

Figure 1: Map of target areas throughout the region – new Dragonfly results noted.

Dragonfly Drilling

Figure 2: Plan map of 2026 RC drilling at the Dragonfly Zone, results from drilling on pad DF-G highlighted.

Dragonfly Zone – Site DF-G

Dragonfly is centrally located in the middle of the Eastside Gold Trend 1.5km south of Gold Valley and 2km north of Newmont and hosts high-grade oxide gold mineralization within a steeply west-dipping structural corridor. Ribs of silicified and strongly oxidized conglomerate and limestone, plus recessive but strongly gold mineralized siltstone, are exposed at surface in the core of the target area and carry gold values of up to 22.53 g/t Au in surface rock sampling. Surrounding the currently drilled portion of the target, stacked, subparallel, primarily steeply west dipping structures are observed over a 400m wide corridor, with the majority undrilled to date.

Drill holes reported in this release were collared from pad DF-G, a 75m step to the south-southwest from the high-grade gold drilled by K2 in 2020 (45.72m of 6.68 g/t Au in hole DF20-002). Three holes were drilled in an angled fan orientation at a 070° azimuth: DF26-025 (-68° dip), DF26-026 (-50° dip), and DF26-027 (-84° dip). The final hole from the pad was drilled at a 110° azimuth to test further south along the interpreted NNW-SSE trending mineralized structures, into untested ground with only minimal gold mineralization exposed at surface.

All four holes intersected a broad (up to 53m drilled width) main mineralized structure interpreted to be the main Dragonfly structural corridor. Within this structural zone, intersected gold grades in individual structures vary; with best individual gold values reaching up to 12.3 g/t Au (DF26-028). Crucially, the high-grade mineralization drilled from pad DF-G is found in the southernmost hole (interval of 15.24m of 5.33 g/t Au in DF26-028); extending K2’s 2026 high-grade intersections at Dragonfly as drilled to date to 160m of NNW-SSE oriented strike and confirming high grade gold at all pads drilled to date.

Table 1: Highlight results from drilling at site DF-G at the Dragonfly Zone. Full gold assay results for each hole are available here.

Drill Hole   From (m) To (m) Width* (m) Gold (g/t)
DF26-025   7.62 22.86 15.24 0.23
    68.58 83.82 15.24 1.16
    100.58 118.87 18.29 1.25
DF26-026 alteration envelope 50.29 88.39 38.10 1.29
  including 50.29 54.86 4.57 3.29
  and including 71.63 76.20 4.57 3.75
    140.21 144.78 4.57 0.71
DF26-027   9.14 24.38 15.24 0.33
    60.96 67.06 6.10 2.07
    83.82 91.44 7.62 0.54
  alteration envelope 114.3 182.88 68.58 0.54
DF26-028   9.14 22.86 13.72 0.33
    44.20 48.77 4.57 2.11
  alteration envelope 70.10 123.44 53.34 2.00
  including 82.30 97.54 15.24 5.33

*Reported widths are from angled drill holes and are drilled/apparent widths; true thickness of mineralization is currently unknown.

Table 2: Drill hole specifications for the initial holes in this release. Coordinates are in UTM NAD83 Z11.

Drill Hole Drill Site UTM X UTM Y Elevation (m) Azimuth (deg.) Dip (deg.) Length (m)
DF26-025 DF-G 433009 4039081 2201 70 -68 192.02
DF26-026 DF-G 433009 4039081 2201 70 -50 192.02
DF26-027 DF-G 433009 4039081 2201 70 -84 192.02
DF26-028 DF-G 433009 4039081 2201 110 -50 192.02

Dragonfly Cross Section

Figure 3: Cross section of drilling from pad DF-G in this release at the Dragonfly Zone, looking NW. Note that the section is drill-oriented 070-250 degrees, but view is to 315 degrees: DF26-028 was drilled to a 110 azimuth off-section, toward the viewer.

DF26-025 (192.02m, 070° Az., -68 Dip)

DF26-025 tested the Dragonfly structural corridor at an azimuth of 070° and dip of -68°. The hole intersected two principal gold-bearing intervals: 15.24m of 1.16 g/t Au from 68.58m and 18.29m of 1.25 g/t Au from 100.58m. Mineralization occurs within predominantly oxidized siltstone containing quartz-carbonate veining and increased iron oxides. Between the highlighted gold intervals, high pathfinder geochemistry is noted including elevated arsenic with scattered anomalous mercury and calcium depletion in quartz veined and silicified higher grade gold intervals with iron oxide saturation. Multiple intervals with the described alteration correspond to gold mineralized structures and support the interpretation of multiple mineralized structures within a broader corridor.

DF26-026 (192.02m, 070° Az., -50 Dip)

DF26-026 tested a shallower trajectory through the corridor from site DF-G, returning 38.10m of 1.29 g/t Au from 50.29m, including 4.57m of 3.75 g/t Au. The principal interval occurs within predominantly siltstone-hosted alteration containing quartz-carbonate veinlets and iron oxides. Discrete and pervasive quartz—iron oxide +/- illite/muscovite alteration pockets within broader envelopes of moderate alteration define the gold mineralized intervals, which include multiple high-grade pockets defined by individual samples running 6.10, 6.06, and 4.44 g/t Au. Together with the steeper DF26-025, the hole demonstrates gold mineralization across different elevations within the drill fan and helps constrain the geometry of the interpreted main Dragonfly structural corridor.

DF26-027 (192.02m, 070° Az., -84 Dip)

DF26-027 was drilled at a steep dip of -84° to test beneath the alteration intersected in DF26-025. The hole returned 6.10m of 2.07 g/t Au from 60.96m, followed farther down hole by a broad interval of 68.58m of 0.54 g/t Au from 114.30m highlighted by individual samples with 3.78, 3.43, and 4.05 g/t Au within a very broad quartz, calcite, iron oxide (goethite, hematite) and illite/muscovite alteration envelope defining the gold zone. Mineralization accompanies repeated instances of this alteration suite hosted by siltstone and sandstone with minor limestone horizons. The results demonstrate that gold-bearing alteration of significant width persists at depth, despite variable grades.

DF26-028 (192.02m, 110° Az., -50 Dip)

DF26-028 tested southeastward along the interpreted mineralized structures into previously untested ground with limited surface gold expression. The hole returned 53.34m of 2.00 g/t Au from 70.10m, including 15.24m of 5.33 g/t Au from 82.30m, within strongly oxidized sandstone and siltstone cut by quartz-carbonate veins. This high-grade interval in the southernmost hole drilled at Dragonfly to date extends the known mineralization southward and highlights the potential for additional gold mineralization beneath weakly mineralized surface exposures.

The upper part of this hole also cut 9.15m of 0.45 g/t starting at 9.14m depth in a goethite rich siltstone altered by quartz veining and silicification in what’s considered the first gold-mineralized structure. Following this intercept is a discrete 4.57m interval of 2.11 g/t Au which correlates with a mixed goethite-hematite rich altered siltstone with quartz and calcite veinlets with thin gossan-like veins or as bedding replacement. Once in the 53.34m interval, the alteration is notably high in silicification with calcite and hematite rich iron oxides and patches of manganese oxides. Also evident are RC chips with Liesegang banding, which is typical of siltstones and shales seen on the surface which host strong gold mineralization. The highest gold grade segment is decalcified, pervasively silicified, hematite-goethite rich siltstone with individual samples running 12.3, 8.59, and 10.4 g/t Au within an arsenic-antimony barium-rich interval that also contains silver up to 4.80 g/t. Notably, this high-grade core in DF26-028 occurs 25m south of the main drilled section, indicating that high grade gold is carried throughout the Dragonfly structures.

Permitting

In early 2026, the Company received a positive Record of Decision (“ROD”) approving the Mojave Exploration Drilling Program from the U.S. Bureau of Land Management (“BLM”) authorizing exploration drilling from up to 22 drill sites.

The Company’s drilling program is proceeding under a comprehensive Plan of Operations that aims to minimize environmental impact. Drill sites are limited in size, pads are constructed out of timber to avoid extensive excavation, and all sites have been pre-cleared by qualified biologists and archaeologists after years of baseline work, avoiding all known cultural and biological resources. In addition, Tribal Monitors from participating tribes are present at each drill site 24/7. The current program constitutes the largest drill program ever undertaken on the Mojave Project.

Next Steps

In total 15 holes have been drilled at Dragonfly with the results of 11 of those released to date including the four holes disclosed in this release. Four additional holes have been completed at Dragonfly from the DF-M and DF-A drill sites, with results from all four pending. All drill holes from all sites have intersected strong silicification, carbonate veining, and iron oxide enrichment due to the oxidation of sulphides plus clear zones of decalcification. An additional 16 holes are currently permitted at Dragonfly and are slated for drilling in the second phase of work at the target.

K2 has now drilled 14 holes at the Newmont target, located at the southern extent of the >6.5 km long Eastside Gold Trend, 2 km south of Dragonfly and 1.6 km west of the Flores target. At Newmont, K2 drilled oxide mineralization returning 1.64 g/t Au over 41.15m in hole NM20-011 (see K2 News Release Feb 20, 2021), and historical operators including BHP Minerals and Newmont Exploration completed limited drilling in 1997 and 1991, respectively.

The Company will continue to release results upon receipt and interpretation throughout the ongoing, fully permitted, drilling program.

Qualified Person (“QP”) and QA/QC

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Eric Buitenhuis, M.Sc., P.Geo., K2’s QP and Vice President of Exploration.

The analytical work for the 2026 drilling program was performed by ALS Laboratories (“ALS”) an internationally recognized and accredited analytical services provider. All samples were submitted to ALS’s Reno, Nevada facility, where they were prepared using procedure PREP-31Y (dry, crush entire sample to 2mm, rotary split and pulverize 250g to better than 85% passing 75 microns). Samples were then shipped to the ALS laboratory in North Vancouver, BC, Canada, where pulp samples were analysed for gold by method Au-ICP21, a 30-gram Fire Assay fusion with an ICP-AES finish. Samples returning >10 g/t Au by Fire Assay were subsequently analysed with method Au-GRA21, a 30-gram fire assay with a gravimetric finish. A 0.25g pulp was analysed by method ME-MS61, a 4-acid digestion and ICP-MS finish for 48 elements. Samples returning

Quality Assurance and Quality Control procedures include inserting coarse blanks and certified assay standards into the sample string at a rate of approximately 1/10 (10%). K2 personnel placed samples in sealed bags and shipped them to ALS.

About K2 Gold Corporation

K2 is a gold focused exploration company primarily operating in the SW USA and Yukon territory of Canada. The company is led by an experienced team with a track record of success including Great Bear, Great Bear Royalties, Kaminak and Northern Empire. The company is well financed with a treasury of over $27M.

K2 holds:

The Mojave Project is a +6000-hectare oxide gold project with base metal targets located in Inyo County, California. Multiple previously recognized surface gold targets have been successfully drilled in the past, most notably by Newmont and BHP. Since acquiring the property, K2 has completed geochemical and geophysical surveys, geologic mapping, LiDAR, a WorldView 3 alteration survey, and successfully completed a 17-hole RC drill program focused on the Dragonfly and Newmont Zones. Highlights from K2’s drilling program include 6.68 g/t Au over 45.72m from surface at the Dragonfly Zone, and 1.69 g/t Au over 41.15m from 44.20m depth at the Newmont Zone. A follow-up phase of drilling at Mojave is currently underway and will continue for the remainder of 2026. See Mojave 43-101 report here.

The Si2 Project is a low-sulphidation epithermal gold system located in Nevada within the Walker Lane Trend. Historical shallow drilling tested only the uppermost levels of the system and returned anomalous gold, silver, and pathfinder elements. Since acquiring the project, K2 has completed detailed geologic mapping, surface geochemistry, geophysics, alteration mineralogy studies, fluid inclusion analysis, and age dating. These integrated datasets confirm that prior drilling did not test the interpreted boiling zone, where gold grades are typically maximized in epithermal systems. In early 2026, K2 completed an 8-hole, 3,871m exploration drilling program targeting the depths of the system and successfully intersected broad intervals of gold mineralization and blind-to-surface quartz veining.

The Wels Project lies approximately 60km south of Fuerte Metals Coffee project discovered by Kaminak Gold Corporation (formerly a Discovery Group company prior to its acquisition by Goldcorp-Newmont). Both the Coffee project and the Wels project lie within the Tintina Gold Belt, share similar characteristics, and are host to structurally controlled gold mineralization within intrusive rocks exhibiting multiple trends of mineralization. K2’s drilling at the Wels Project has returned strong results including: 3.53g/t Au over 19.5m, and 10.38g/t Au over 6.0m.

The Wolf Project is a new district-scale gold exploration project in west-central Yukon Territory, Canada, located 80 km south of the 3.0 Moz Au Coffee Gold Project currently under development by Fuerte Metals. Wolf consists of the Wolf South block, a >10km long gold-in-soil anomaly previously held by multiple operators and consolidated by K2, and the Wolf North claim blocks which host greenfield intrusion-related and epithermal gold targets.

K2 Gold is committed to responsible exploration, safety, Indigenous and community engagement, and advancing high-quality projects through a collaborative and technically disciplined approach.

On behalf of the Board of Directors,

(signed) “Anthony Margarit”

Anthony Margarit,
President and Chief Executive Officer

Investor Inquiries

info@k2gold.com | +1 (604) 331-5090

For additional information about K2 Gold Corporation, please visit K2Gold.com

Follow Us On Social Media: LinkedIn | Instagram | X | YouTube

K2 Gold Corporation is a member of Discovery Group, based in Vancouver, Canada. For more information, please visit: discoverygroup.ca

Cautionary Statement on Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts. Forward- looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including statements regarding the exploration program at Si2, Wels, and Mojave, including results of drilling, and future exploration plans at Si2, Wels, and Mojave. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company’s inability to obtain any necessary permits, consents or authorizations required for its planned activities, and the Company’s inability to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company’s public disclosure record which is available on SEDAR+ (sedarplus.ca). Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the TSX Venture Exchange, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. No securities of the Company have been or will, in the foreseeable future, be registered under the United States Securities Act of 1933 (the “1933 Act”) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/2bf7aa14-435d-40ba-b002-05684ee36aee

https://www.globenewswire.com/NewsRoom/AttachmentNg/9c29fa24-e872-43b4-b216-ca34e78b41c7

https://www.globenewswire.com/NewsRoom/AttachmentNg/9009d550-16f5-416b-8021-f766702d5bcf 

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — Cambria Gold Mines Inc. (TSXV: CAMB; OTCQX: CAMVF) (“Cambria” or the “Company”) is pleased to announce new assay results from the ongoing infill drilling program at the Premier Gold Project (“PGP” or the “Premier Project”), located near Stewart in northwestern British Columbia. Results from a total of 6,923 metres from 70 surface and underground drillholes are reported herein. Highlight intervals include:

  • 166.22 g/t Au and 3383 g/t Ag over 3.1 m (incl. 467 g/t Au & 9510 g/t Ag over 1.1 m) in hole P26U-0095
  • 18.26 g/t Au and 34 g/t Ag over 9.2 m (incl. 36.70 g/t Au & 48 g/t Ag over 0.9m) in hole P26-2705
  • 14.68 g/t Au and 32 g/t Ag over 10.0 m (incl. 57.20 g/t Au & 112 g/t Ag over 2.0 m) in hole P26U-0049
  • 37.38 g/t Au and 134 g/t Ag over 5.0 m (incl. 46.18 g/t Au & 165 g/t Ag over 4.0 m) in hole P26U-0051
  • 42.88 g/t Au and 207 g/t Ag over 3.0 m (incl. 126.5 g/t Au & 599 g/t Ag over 1.0 m) in hole P26U-0052
  • 31.26 g/t Au and 94 g/t Ag over 4.0 m (incl. 135.5 g/t Au & 218 g/t Ag over 0.8m) in hole P26U-0084

“Ongoing infill drilling is showing strong continuity of high-grade mineralization; we are highly encouraged by excellent silver results, in addition to gold. Areas of PNL that were mined historically had high silver content, with over 40 million ounces produced,” said Robert McLeod, President and CEO of Cambria Gold Mines. “Additionally, Cambria is expanding our infill drilling program, currently targeting areas of wide, potentially bulk mineable mineralization within the Premier Mine Complex. With excellent discovery potential throughout the Premier Project and limited drilling outside of the major deposit areas, we will also be testing exploration targets, including a potential new, parallel zone to PNL that was discovered in 2025.”

Infill drilling at the Premier Project is on average 12.5 meter spaced centres to provide the necessary drill spacing for accurate mine planning and increased Mineral Resource confidence. Results continue to define the continuity of gold-bearing semi-massive to massive sulfide and visible gold mineralization that forms within and along the contacts of primary quartz breccia domains. The northeastern extent of the Prew Zone drilling is defining an area of high grade silver and gold associated with silver sulphosalts and native silver or electrum, as represented in hole P26U-0095 (Figures 3 & 5).

Reported results are from underground drilling at the Prew Zone, as well as surface holes infilling other areas of the Premier-Northern Light Deposit. These additional areas are being evaluated and prioritized for the development of stope and underground drilling access in Q4 2026. This includes areas along the main Premier structure to the southwest of Prew Zone, where P26-2705 intersected 18.26 g/t Au over 9.2 metres, ten metres beyond the end of the historic workings. This zone is believed to be continuous with the 602 Zone drilled earlier in 2026 and will be targeted for further follow-up from underground platforms to better define grade and continuity.

Cambria is also pleased to announce an expansion of the Premier Mine Complex infill program to 42,000 planned metres. The increased program scope will include additional infill drilling at the Silver Coin deposit, where visual results so far show impressive intercepts of structurally controlled quartz breccia and sulfide mineralization, often with visible gold. Initial results from the Silver Coin drilling are expected to be released in October 2026. The drilling program is expected to continue until the end of 2026, with additional infill drilling as well as some exploration drilling planned at the Premier-Northern Lights Deposit over the winter months. Exploration drilling will include follow up of hole P25-2673, which was drilled to the north of the mill in 2025 and intersected 16.20 g/t Au over 3.9 meters in mineralization similar to the Premier deposit (see Figure 1 and Cambria News Release dated March 3, 2026).

Figure 1: Plan map of Premier-Northern Light (PNL) deposit showing new and previously released 2026 drill traces.

Figure 1: Plan map of Premier-Northern Light (PNL) deposit showing new and previously released 2026 drill traces.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e2498fd-9586-47c9-a04c-14de9cff7ac1

Figure 2: Plan map showing the Prew Zone underground workings and drilling results from the 2026 infill program

Figure 2: Plan map showing the Prew Zone underground workings and drilling results from the 2026 infill program

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/07abf92c-f527-4623-bbfa-99bb3af11012

Figure 3

Figure 3: Cross section A of Prew Zone drilling. Showing mineralized zones represented by composites calculated at 1 g/t and individual assays greater than 10g/t Au. Primary breccia domain shown in blue.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9b85c1e1-33de-4ded-9c79-907815f04170

Figure 4

Figure 4: Cross section B of Prew Zone drilling. Showing mineralized zones represented by composites calculated at 1 g/t and individual assays greater than 10g/t Au. Primary breccia domain shown in blue.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea63bab6-4762-433e-bb0e-59790b33c42a

Figure 5

Figure 5. Hole P26U-0095 @ 14.1m. High grade gold and silver associated with base metal sulfide mineralization overprinting and infilling a primary quartz breccia host.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1595f654-c264-4130-8198-ed352a4fc133

Table 1: Drill Results – Significant Intersections

holeid from (m) to
(m)
Interval (m) Au (ppm) Ag (ppm) Zn (ppm) Pb (ppm) ETW1 Including (>10g/t)
P26-2699 213.0 221.0 8.0 2.69 10.9 21874 1841 60 %  
P26-2701 199.0 210.0 11.0 2.49 9.5 21450 608 66 %  
P26-2703 228.1 231.0 2.9 28.73 64.6 61145 18848 59 %  42.96 g/t Au & 93 g/t Ag over 1.9m
P26-2705 259.2 260.1 0.9 36.70 22.6 5480 1750 94 % 36.7 g/t Au & 23 g/t Ag over 0.9m
P26-2705 267.2 276.4 9.2 18.26 34.3 12825 8881 94 % 33.5 g/t Au & 48 g/t Ag over 4.6m
P26U-0039 24.0 30.7 6.7 7.92 12.9 1708 772 98 % i45.9 g/t Au & 51 g/t Ag over 1m
P26U-0040 22.0 25.5 3.5 9.95 11.7 6282 1847 98 %  
P26U-0041 25.0 32.0 7.0 3.91 11.9 5746 3740 80 %  
P26U-0044 54.0 61.0 7.0 3.62 6.3 2298 942 96 %  
P26U-0044 74.0 75.5 1.5 15.70 8.0 480 122 96 % 15.7 g/t Au & 8 g/t Ag over 1.5m
P26U-0045 29.9 46.0 16.1 1.30 5.9 1984 1057 68 %  
P26U-0046 27.1 33.5 6.4 4.28 10.7 6877 4014 51 %  
P26U-0047 24.0 27.0 3.0 7.96 76.5 48447 28252 79 %  
P26U-0048 0.2 6.0 5.8 3.54 3.8 1203 595 96 %  
P26U-0048 10.0 19.0 9.0 12.48 516.6 8447 5614 96 % 46.95 g/t Au & 1632 g/t Ag over 2m
P26U-0049 15.0 25.0 10.0 14.68 32.3 17635 8826 86 % 57.2 g/t Au & 112 g/t Ag over 2m
P26U-0051 16.0 21.0 5.0 37.38 133.8 12894 8662 83 % 46.18 g/t Au & 165 g/t Ag over 4m
P26U-0052 8.0 11.0 3.0 42.88 207.0 16421 9193 96 % 126.5 g/t Au & 599 g/t Ag over 1m
P26U-0075 30.0 35.0 5.0 4.83 7.6 704 242 94 %  
P26U-0078 22.0 34.0 12.0 9.31 12.4 4268 2300 98 % 18.41 g/t Au & 22 g/t Ag over 5m
P26U-0079 11.0 20.0 9.0 3.24 4.4 1680 897 98 %  
P26U-0079 21.0 33.0 12.0 3.54 9.2 5152 3024 98 %  
P26U-0080 21.0 31.0 10.0 3.14 6.8 3146 1723 94 %  
P26U-0082 51.0 60.0 9.0 2.25 4.3 3437 1218 99 %  
P26U-0083 4.0 8.0 4.0 10.91 20.0 4484 2715 96 %  
P26U-0084 4.0 8.0 4.0 31.26 93.9 12468 9168 82 % 135.5 g/t Au & 218 g/t Ag over 0.8m
P26U-0087 28.5 30.0 1.5 50.30 15.8 1640 564 99 % 50.3 g/t Au & 16 g/t Ag over 1.5m
P26U-0090 16.0 18.0 2.0 47.85 406.0 12005 8125 84 %  
P26U-0091 24.0 31.0 7.0 11.44 29.5 4295 2832 70 % 19.31 g/t Au & 48 g/t Ag over 4m
P26U-0093 33.0 39.0 6.0 9.83 72.9 5812 4567 50 % 30.67 g/t Au & 194 g/t Ag over 1.8m
P26U-0094 11.0 14.0 3.0 14.65 146.4 6147 3386 95 %  
P26U-0095 13.9 17.0 3.1 166.22 3382.7 17466 11591 63 % 467 g/t Au & 9510 g/t Ag over 1.1m
P26U-0096 16.5 17.5 1.0 105.50 207.0 45100 27400 86 %  
P26U-0102 56.0 63.0 7.0 3.78 7.5 3001 2127 99 %  
P26U-0103 55.1 63.0 8.0 4.78 17.3 8715 6075 97 %  
P26U-0104 59.0 65.0 6.0 4.40 8.8 3809 1710 93 %  
P26U-0104 67.9 74.0 6.2 12.56 14.4 5474 2376 93 % 63.6 g/t Au & 59 g/t Ag over 1.1m
P26U-0105 75.0 87.0 12.0 1.80 5.4 2203 1122 84 %  
P26U-0105 90.0 102.0 12.0 2.26 4.0 1307 925 83 %  
P26U-0106 74.5 86.0 11.5 3.36 7.3 2417 1828 74 %  
P26U-0106 106.0 107.0 1.0 36.20 32.3 38 30 74 %  
P26U-0108 73.0 87.0 14.0 2.30 8.1 3853 1909 77 %  
P26U-0109 34.0 39.0 5.0 6.41 15.1 1761 769 67 %  
P26U-0110 62.0 75.0 13.0 3.90 7.8 5831 2883 84 %  
P26U-0111 67.5 76.0 8.5 3.34 6.3 3464 1593 88 %  
P26U-0113 60.0 69.0 9.0 3.98 5.0 2681 1641 99 % 11.32 g/t Au & 7 g/t Ag over 2.5m
P26U-0114 35.4 37.0 1.6 14.73 15.3 8478 5838 99 %  
P26U-0114 58.5 67.0 8.5 4.22 6.3 3458 2012 99 %  
P26U-0115 55.0 59.0 4.0 13.60 11.8 6463 2760 95 % 38.3 g/t Au & 23 g/t Ag over 1.2m
P26U-0116 73.0 77.5 4.5 4.80 24.5 11783 9921 86 %  
P26U-0116 84.0 96.0 12.0 3.20 4.4 1662 870 86 %  
P26U-0121 48.2 51.0 2.9 17.60 9.1 4291 1554 98 % 50.2 g/t Au & 14 g/t Ag over 0.9m
                     

1 – ETW = Estimated True Width. All reported intervals are down-hole lengths, with true width estimates ranging from 50-99% of the reported interval. True widths are estimated based on the angle of the drill hole with the interpreted trend of the mineralized zones.

Composite Calculations for Significant Intersections
Composites for significant intersections were calculated using a 1 g/t gold (Au) cut off grade and maximum 3 metre internal waste. “Including” results are reported at a 10 g/t Au cut off grade with maximum 3 metre internal waste. 

Table 2: Drill Collar Locations and Hole Orientations

Hole ID UTM East (m) UTM North (m) Elevation (masl) Total Depth (m) Azimuth Dip
P26-2698 436793 6213027 451 262.0 250 56
P26-2699 436791 6213027 451 249.0 251 50
P26-2700 436795 6213027 451 258.0 224 57
P26-2701 436795 6213025 451 240.0 224 47
P26-2702 436793 6213026 451 219.0 239 57
P26-2703 436793 6213026 451 248.0 237 47
P26-2704 436835 6212649 554 206.0 147 65
P26-2705 436832 6212647 555 338.0 164 67
P26U-0038A 437198 6213102 314 58.5 135 86
P26U-0039 437199 6213100 314 56.0 135 65
P26U-0040 437199 6213099 315 264.5 133 50
P26U-0041 437199 6213099 315 65.0 136 23
P26U-0042 437199 6213100 314 77.0 315 74
P26U-0043 437206 6213111 312 67.5 144 77
P26U-0044 437207 6213111 312 90.5 135 45
P26U-0045 437207 6213111 313 46.0 135 13
P26U-0046 437203 6213114 312 99.5 315 62
P26U-0047 437203 6213114 312 76.0 311 84
P26U-0048 437232 6213067 340 60.5 135 72
P26U-0049 437231 6213068 340 60.5 104 89
P26U-0050 437236 6213081 342 90.5 315 63
P26U-0051 437237 6213081 342 60.0 325 86
P26U-0052 437239 6213079 341 80.0 135 74
P26U-0072 437199 6213020 330 46.5 135 63
P26U-0074 437196 6213023 330 40.4 314 82
P26U-0075 437254 6213083 332 73.5 131 78
P26U-0076 437254 6213083 332 70.0 136 53
P26U-0077 437254 6213083 333 60.0 135 31
P26U-0078 437220 6213049 337 45.5 134 68
P26U-0079 437220 6213049 337 80.0 135 54
P26U-0080 437220 6213049 337 46.0 135 40
P26U-0081 437264 6213108 333 79.0 140 82
P26U-0082 437264 6213107 333 80.5 135 59
P26U-0083 437265 6213107 333 89.5 135 45
P26U-0084 437265 6213106 333 89.0 136 23
P26U-0085 437261 6213112 333 91.0 318 82
P26U-0086 437285 6213117 334 65.5 135 79
P26U-0087 437286 6213116 334 63.5 135 53
P26U-0088 437286 6213116 335 71.0 135 32
P26U-0089 437244 6213091 343 90.5 315 60
P26U-0090 437244 6213091 343 66.5 286 90
P26U-0091 437244 6213091 343 75.5 316 75
P26U-0092 437250 6213099 344 48.5 315 75
P26U-0093 437249 6213099 344 63.5 317 61
P26U-0094 437253 6213096 344 46.0 135 41
P26U-0095 437253 6213095 346 46.0 135 8
P26U-0096 437252 6213096 344 39.5 76 89
P26U-0097 437243 6213121 346 63.0 316 77
P26U-0098 437243 6213121 346 86.0 315 60
P26U-0099 437244 6213120 346 54.5 257 89
P26U-0100 437136 6213080 321 93.0 132 76
P26U-0101 437137 6213079 321 87.0 134 67
P26U-0102 437137 6213079 322 92.5 134 56
P26U-0103 437137 6213079 322 74.0 134 46
P26U-0104 437137 6213079 322 90.0 135 39
P26U-0105 437137 6213079 322 102.0 135 26
P26U-0106 437137 6213079 323 116.0 135 17
P26U-0107 437137 6213079 323 96.0 134 11
P26U-0108 437133 6213083 321 125.0 316 81
P26U-0109 437133 6213083 321 140.5 315 72
P26U-0110 437133 6213083 321 109.0 331 88
P26U-0111 437126 6213068 323 87.0 111 87
P26U-0112 437128 6213066 323 66.0 131 76
P26U-0113 437128 6213066 323 81.0 130 66
P26U-0114 437128 6213066 324 76.0 135 55
P26U-0115 437128 6213066 324 73.5 137 44
P26U-0116 437128 6213066 324 130.5 135 29
P26U-0117 437128 6213066 325 100.5 136 11
P26U-0120 437198 6212996 330 72.5 135 82
P26U-0121 437198 6212996 330 69.5 135 69
             

*masl – metres above sea level

Quality Assurance/Quality Control and Sample Preparation

All samples reported in this news release were obtained from NQ sized drill core. The Company maintains a rigorous sampling and QA/QC procedure for the 2026 drill program. Core samples are prepared at the ALS preparation lab in Terrace, BC. The samples are dried and then crushed to specifications of 70% passing 2mm. Crushed samples are riffle split to 1000g and pulverized to 85% passing 75µm.

Analytical work for all results is completed by ALS Canada Ltd. which maintains an internal quality assurance and quality control (QAQC) program and is ISO:17025 certified for the analytical methods used in this release. Pulp splits are sent directly from the Terrace preparation facility to the ALS Canada Ltd. geochemistry laboratory facility in North Vancouver for analysis. Each sample is analyzed for gold by conventional 50g fire assay with atomic absorption finish (Au-AA26) and multielement analysis by four-acid digest with an ICP finish (ME-ICP61).

Samples over 100ppm gold are re-analyzed by an overlimit 50g fire assay with a gravimetric finish (Au-GRA22). Samples over 100ppm silver are re-analyzed with an ore grade method (ME-OG62) which is a four-acid digest method followed by an ICP‑AES finish (up to 1,500ppm). Samples over 1,500ppm silver trigger the overlimit silver fire assay method (Ag-GRA21) which uses a 30g aliquot and gravimetric finish. Sampling and storage activities are conducted at the Company’s secure facility in Stewart, British Columbia.

The Company maintains a QAQC program that includes the submission and review of coarse blank materials to monitor contamination and certified reference materials to assess analytical accuracy. Core duplicates, crush duplicates and pulp duplicates are used to infer sampling precision and nugget effect.

Qualified Person and Technical Information:

The scientific and technical information within this news release was reviewed and approved by Blaine Smit, P.Geo. Vice President Exploration for Cambria Gold Mines Inc. Mr. Smit is a non-independent “Qualified Person” as defined under National Instrument 43-101. To verify the information related to this news release, Mr. Smit visited the 2026 drilling operations to review and discuss logging, sampling, and shipping procedures with responsible site staff, and reviewed and discussed assay and QA/QC results with responsible company personnel.

About Cambria Gold Mines

Cambria Gold Mines is a Canadian mining company headquartered in Vancouver, British Columbia, and its shares trade on the TSX-V under the ticker CAMB and on the OTCQX Market with the ticker CAMVF. Cambria is the 100% owner of the Premier Project and Red Mountain Gold Project that are located on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia, as well as the large Mt. Margaret copper-gold porphyry deposit located in Washington State. For more information about the Company, please refer to the Company’s profile on SEDAR+ at www.sedarplus.ca or visit the Company’s web site at www.cambriagold.com.

On behalf of the Board of Directors of Cambria Gold Mines Inc.

Robert McLeod
CEO and Director 

For further information contact:

Cleve Rueckert
VP Corporate Development
Email: crueckert@cambriagold.com

and:

Sam Brezden
VP Communications and Community Engagement
Email: sam.brezden@cambriagold.com
Phone: 236-838-1840

Or visit:

https://cambriagold.com/

Cautionary Statements:

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding Forward-Looking Information
All statements and other information contained in this press release about anticipated future events may constitute forward-looking information under Canadian securities laws (“forward-looking statements”). Forward- looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “targeted”, “outlook”, “on track” and “intend” and statements that an event or result “may”, “will”, “should”, “could”, “would” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements, including statements in respect of the drill results resulting in actual increases of resources and reserves; the timing and certainty of the restart of the Premier mill and mining operations at the Premier and Red Mountain Projects; the timing and outcome of the expansion of the infill drill program and additional assay results; ability of the Company to accomplish its business objectives and the intentions described herein; and future plans, development and operations of the Company. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements; risks relating to negative operating cash flows of the Company; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; environmental compliance; risks related to outstanding debt; uncertainty of estimates and projections relating to development, production, costs and expenses, and health, safety and environmental risks; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need to obtain additional financing to finance operations and uncertainty as to the availability and terms of future financing; social media and reputation; negative publicity; human rights; business objectives; shortage of personnel; health and safety; the possibility of delay in future plans and uncertainty of meeting anticipated program milestones; claims and legal proceedings; information systems and cyber security; internal controls; violation of anti-bribery or corruption laws; competition; tax considerations; compliance with listing standards; enforcement of civil liabilities; financing requirement risks; market price volatility of the common shares; uncertainty as to timely availability of permits and other governmental approvals; the need for exchange approval, and other regulatory approvals and other risk factors as detailed from time to time in Cambria’s filings with Canadian securities regulators, available on Cambria’s profile on SEDAR+ at www.sedarplus.ca including the Annual Management Discussion and Analysis of the Company for the year ended December 31, 2025 in the section entitled “Risk Factors”. Forward-looking statements are based on assumptions made with regard to: the estimated costs associated with the care and maintenance plans; the tax rate applicable to the Company; future commodity prices; the grade of mineral resources and mineral reserves; labor and materials costs increasing on a basis consistent with the Company’s current expectations, the ability of the Company to convert inferred mineral resources to other categories; the ability of the Company to reduce mining dilution; the ability to reduce capital costs; the ability of the Company to raise additional financing; currency exchange rates being approximately consistent with current levels, compliance with the covenants in Cambria’s credit agreements; exploration plans; and general marketing, political, business and economic conditions. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Although Cambria believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Cambria can give no assurance that such expectations will prove to be correct. Cambria does not undertake any obligation to update forward-looking statements, other than as required by applicable laws. The forward-looking information contained in this press release is expressly qualified by this cautionary statement.

Tegoprubart-treated patients maintained statistically significantly higher kidney function as measured by mean eGFR through 24 months, with an approximately 13 mL/min/1.73 m² advantage versus tacrolimus (71 vs. 58 mL/min/1.73 m²) at month 24

No rejections occurred in the tegoprubart arm beyond six months post-transplant, compared with seven in the tacrolimus arm

Tegoprubart granted U.S. FDA Fast Track designation for the prevention of rejection in kidney transplantation

Phase 3 LEGACY study expected to initiate in the fourth quarter of 2026

IRVINE, Calif., Sept. 22, 2026 (GLOBE NEWSWIRE) — Eledon Pharmaceuticals, Inc. (“Eledon”) (Nasdaq: ELDN) today announced updated long-term data from its Phase 2 BESTOW clinical program evaluating tegoprubart in patients undergoing kidney transplantation, presented at the International Congress of The Transplantation Society, taking place September 20-23, 2026, in Sydney, Australia. The Company also announced that the U.S. Food and Drug Administration (FDA) has granted Fast Track designation to tegoprubart for the prevention of rejection in kidney transplantation.

“The BESTOW extension study data and continued improvements in kidney function and safety profile with tegoprubart versus standard of care tacrolimus further strengthen our belief in tegoprubart’s potential to become the new cornerstone immunosuppression therapy for kidney transplant recipients,” said David-Alexandre C. Gros, M.D., Chief Executive Officer of Eledon. “These long-term results, together with FDA Fast Track designation, support our plans to initiate the Phase 3 LEGACY study in kidney transplantation in the fourth quarter and advance tegoprubart as quickly as possible for transplant patients in need of better immunosuppressive options to improve long-term outcomes.”

The FDA’s Fast Track process is designed to facilitate the development and expedite the review of drugs that treat serious conditions and address significant unmet medical needs. Companies receiving Fast Track designation may be eligible for more frequent interactions with the FDA, rolling review of future marketing applications, and eligibility for Accelerated Approval and Priority Review.

Eledon Pharmaceuticals, Inc.

Figure 1: Patients who completed treatment were those who completed 52 weeks of the study and received all planned doses of the randomized study drug. Data for M15 onward were collected from patients who completed treatment and enrolled in BESTOW EXTENSION. *p < 0.05 (treatment difference at M18, M21 and M24). Data extraction date: 31 Aug 2026.​ CI, confidence interval; eGFR, estimated glomerular filtration rate; M, Month; SEM, standard error of the mean; tac, tacrolimus; tego, tegoprubart.​

Updated Phase 2 BESTOW Results

  • As of the data cutoff in the BESTOW long-term extension study, 90 patients had been followed through 18 months, and 81 patients had been followed through 24 months. Tegoprubart-treated patients maintained statistically significantly higher mean estimated glomerular filtration rate (eGFR), a measure of kidney graft function, at months 18, 21, and 24, with an approximately 13 mL/min/1.73 m² advantage over tacrolimus at month 24 (71 vs. 58 mL/min/1.73 m² [95% CI: 2.6, 23.3]). See Figure 1.
  • There were no reported cases of biopsy-proven acute rejection (BPAR) in the tegoprubart arm beyond six months post-transplant compared with seven in the tacrolimus arm. One new case of graft loss was observed in the tacrolimus arm.

Next Steps

Following its successful End-of-Phase 2 meeting with the FDA, Eledon remains on track to initiate its global Phase 3 trial of tegoprubart in kidney transplantation (LEGACY) in the fourth quarter of 2026. The LEGACY trial is expected to enroll approximately 600 patients, with a primary endpoint of non-inferiority of tegoprubart versus tacrolimus on a composite efficacy failure endpoint at 12 months, defined as a combination of biopsy-proven acute rejection (BPAR), graft loss, and death.

Details of the oral presentation at the International Congress of The Transplantation Society are below:

Title: Phase 2 BESTOW trial and the BESTOW EXTENSION: Evaluating the long-term safety and efficacy of tegoprubart in preventing kidney transplant rejection
Presenter: Andrew Adams, M.D., Ph.D., Professor of Surgery and Chief, Division of Transplantation, John S. Najarian Surgical Chair in Clinical Transplantation, Department of Surgery, University of Minnesota; Executive Medical Director, Solid Organ Transplant Service Line, M Health Fairview
Session Title: Novel immunosuppression
Session Date and Time: Tuesday, September 22, 2026, from 8:00 a.m. to 9:00 a.m. AEST
Session Room: Room C4.9
Presentation Time: 8:00 a.m. AEST

About Eledon Pharmaceuticals and tegoprubart

Eledon Pharmaceuticals, Inc. is a clinical stage biotechnology company that is developing immune-modulating therapies for the management and treatment of life-threatening conditions. The Company’s lead investigational product is tegoprubart, an anti-CD40L antibody with high affinity for the CD40 Ligand, a well-validated biological target that has broad therapeutic potential. The central role of CD40L signaling in both adaptive and innate immune cell activation and function positions it as an attractive target for non-lymphocyte depleting, immunomodulatory therapeutic intervention. The Company is building upon a deep historical knowledge of anti-CD40L biology to conduct preclinical and clinical studies in kidney allograft transplantation, xenotransplantation, islet cell transplantation, liver transplantation and amyotrophic lateral sclerosis (ALS). Eledon is headquartered in Irvine, California. For more information, please visit the Company’s website at www.eledon.com.

Follow Eledon Pharmaceuticals on social media: LinkedIn; X

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. Any statements about the company’s future expectations, plans and prospects, including statements about planned clinical trials, the development of product candidates, expected timing for initiation of future clinical trials, expected timing for receipt of data from clinical trials, as well as other statements containing the words “believes,” “anticipates,” “plans,” “expects,” “estimates,” “intends,” “predicts,” “projects,” “targets,” “looks forward,” “could,” “may,” and similar expressions, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, our ability to achieve our anticipated future development and corporate milestones depends on our ability to obtain additional financing on acceptable terms. Forward-looking statements are inherently uncertain and are subject to numerous risks and uncertainties, including: our short operating history and shifts in our business strategy; our operating losses since inception; our need for additional funding to develop our lead drug candidate and our ability to secure additional funding on acceptable terms or at all; the impact of issuances of our common stock, including in the possibility of dilution or a decline in our stock price; our ability to successfully develop our product candidates; unfavorable global economic and financial market conditions; the regulatory environment of our business and our ability to obtain required regulatory approvals; results of non-clinical studies and clinical trials, and risks that non-clinical studies or early clinical trials may not be predictive of results of later-stage clinical trials; delays or difficulties in enrollment of patients in clinical trials; our ability to attract and retain our executives and key employees; legislation of the pharmaceutical and healthcare industries; cybersecurity and data privacy risks; the ability of our products to achieve marketing approval; competition in our industry; our ability to obtain insurance coverage; our dependence on contract research organizations; our ability to protect our intellectual property; public health crises; our ability to maintain proper and effective internal control over financial reporting and other risks disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission on March 19, 2026. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors. These risks and uncertainties, as well as other risks and uncertainties that could cause the company’s actual results to differ materially from the forward-looking statements contained herein, are discussed in our Annual 10-K, and other filings with the U.S. Securities and Exchange Commission, which can be found at www.sec.gov. Any forward-looking statements contained in this press release speak only as of the date hereof and not of any future date, and the company expressly disclaims any intent to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:

Stephen Jasper
Gilmartin Group
(858) 525 2047
stephen@gilmartinir.com

Media Contact:

Jenna Urban
CG Life
(212) 253 8881
jurban@cglife.com

Source: Eledon Pharmaceuticals, Inc

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/48a2ff2b-c346-426c-a886-6377e5c48d1a

Highlights 

  • Assay results reported for 18 drill holes at Haib comprising 7,074m of infill and expansion drilling.
  • drilling program now complete ahead of planned publication of updated MRE and PFS
  • Best 8 of 18 drill hole assay intersections as follows:
    • HMRC015: 491m @ 0.22% CuEq (33ppm Mo, 0.016g/t Au) (0 – 491m)
        incl. 79m @ 0.46% CuEq (412 – 491m)
        and 352m @ 0.34% CuEq (38 – 390m)
    • HM199: 438m @ 0.40% CuEq (52ppm Mo, 0.026g/t Au) (0 – 438m)
        incl. 16m @ 0.77% CuEq (4 – 20m)
        and 224m @ 0.51% CuEq (96 – 320m)
    • HM193: 681m @ 0.34% CuEq (39ppm Mo, 0.024g/t Au) (0 – 681m)
        incl. 22m @ 0.71% CuEq (180 – 202m)
        and 169m @ 0.40% CuEq (512 – 681m)
    • HM191: 429m @ 0.30% CuEq (57ppm Mo, 0.020g/t Au) (0 – 429m)
        incl. 82m @ 0.56% CuEq (314 – 396m)
        and 38m @ 0.41% CuEq (54 – 92m)
    • HM186: 369m @ 0.29% CuEq (44ppm Mo, 0.019g/t Au) (0 – 369m)
        incl 150m @ 0.37% CuEq (0 – 150m)
    • HM192: 411m @ 0.30% CuEq (37ppm Mo, 0.022g/t Au) (0 – 411m)
        incl. 102m @ 0.40% CuEq (6 – 108m)
        and 54m @ 0.39% CuEq (172 – 226m)
    • HM189: 648m @ 0.22% CuEq (65ppm Mo, 0.021g/t Au) (0 – 648m)
        incl. 14m @ 0.59% CuEq (434 – 448m)
        and 115m @ 0.35% CuEq (455 – 570m)
    • HM182: 324m @ 0.31% CuEq (42ppm Mo, 0.018g/t Au) (0 – 324m)
        incl. 18m @ 0.48% CuEq (176 – 194m)
        and 58m @ 0.45% CuEq (0 – 58m)

LUXEMBOURG, Sept. 22, 2026 (GLOBE NEWSWIRE) — Koryx Copper S.A. (TSXV:KRY) (NSX:KYX) (OTCQX:KRYXF) (“Koryx” or the “Company“) is pleased to announce assay results from 18 drill holes (7,074m) received as part of the ongoing infill and expansion drill program on the wholly-owned Haib Copper Project (“Haib” or the “Project”) in southern Namibia.   

Haib is a massive, disseminated porphyry Cu/Mo/Au deposit and is envisaged to produce a Cu and Mo concentrate via large-scale open pit mining and conventional sulphide milling and flotation.

Heye Daun, Koryx Copper’s President & CEO commented: “This release covers assay results from a further 18 drill holes totalling 7,074m. Consistent with our prior results, we continue to see very wide intercepts across the Haib deposit, together with some notably higher-grade zones near surface, and this set of results demonstrates this well, particularly within Target Area 3 where the mine plan is scheduled to begin. With the infill and expansion drilling program now complete, our technical team is focused on completing the geological modelling and estimation work required for the updated MRE and PFS, both of which remain on track for publication before the end of 2026.”

Plan view indicating recent drill hole locations. Results indicated in black are shown on the long section below


Figure 1: Plan view indicating recent drill hole locations. Results indicated in black are shown on the long section below


Long section showing eighteen drillhole intersections relative to the model for CuEq% Intercepts

Figure 2: Long section showing eighteen drillhole intersections relative to the model for CuEq% Intercepts


Description of Drill Results

Target Area 1

HM190, located in the northeast of Target 1 and in line with expectations, is a shallow hole that returned consistent near-surface copper mineralisation, including a 22m interval grading 0.42% Cu from 58 to 80m. The proximity of these intervals to surface highlights the potential for shallow copper mineralisation in this part of the system. While molybdenum is practically absent, gold shows some concentration between 160 and 166m, where two samples returned grades >0.1g/t Au.

HM193 was collared in Target 1 and drilled through the Quartz Vein into Target 2 mineralisation. Copper intersections below 202m (28m @ 0.39% Cu and 22m @ 0.68% Cu) are associated with low-grade molybdenum (<50ppm) and above-average gold (>0.03g/t), which is typical of Target 1 mineralisation. Below 202m, within Target 2, there is a general increase in Mo tenor associated with very wide, lower-grade copper zones (194m @ 0.34% Cu and 169m @ 0.36% Cu), although, as demonstrated by the 8m @ 1.05% Cu intersection, higher-grade zones do occur. Overall, the results for HM193 correlate well with the current geological model.

HM198 intersected mineralisation from surface, with 0 to 20m grading 0.24% Cu, together with elevated molybdenum (157ppm) and gold (0–4m @ 0.11g/t). Apart from a deeper 16m interval grading 0.29% Cu, copper grades are low for the remainder of the hole. Located in the south of Target 1 to better define the limit of copper mineralisation, the results for HM198 are expected to produce a marginal reduction in mineralised tonnage in this area.

Copper and molybdenum grades in HM204 are generally low throughout the hole. The 22m interval from 224m downhole contains above-average gold mineralisation (>0.035g/t), which materially contributes to the CuEq grade. Tungsten is evident between 156 and 246m, with a best interval of 6m @ 258ppm W.

Target Area 2

Results for HM189, an infill hole in the south of Target 2, correlate well with the existing grade model. Copper mineralisation is contained in relatively narrow bands (6 to 14m) up to 450m downhole, supported by higher molybdenum grades. Below 450m, a 115m interval grading 0.27% Cu was returned, while the high molybdenum grade (160ppm) materially affects the CuEq grade. Gold is present, with two samples returning >0.1g/t, as is tungsten, with multiple samples returning >100ppm and a best result of 359ppm over 2m.

HM194 was drilled into Target 2 from outside the western limit of mineralisation and intersected several discrete zones of copper mineralisation, the most substantial being a 58m interval grading 0.45% Cu. As is typical of this area, molybdenum is notably enriched, as is gold. Tungsten is also present, with the best intervals being 8m @ 338ppm and 2m @ 580ppm.

HMRC012, located south of Target 2 to delineate the limit of mineralisation in this area, shows that the tenor of copper and molybdenum is low and that the trace lies beyond the main mineralisation. The only appreciable mineralisation occurs in a 4m interval grading 0.77% Cu and 724ppm Mo.

Copper mineralisation to 400m within HMRC015, an infill hole, is restricted to relatively narrow zones (<10m) with grades just above 0.30%, associated with low molybdenum. Below 400m, a significant zone of 79m grading 0.43% Cu is intersected, and it is clear that the hole ended in mineralisation. This final interval lies outside the current model but correlates well with projections of the main higher-grade Target 2 mineralisation. As such, a slight increase in higher-grade tonnage is expected in this area.

Target Area 3

HM182 is an infill hole located on the western edge of Target 3 showing a high-grade zone from surface averaging 0.42% Cu over 58m, including 20m @ 0.59% Cu. Below this, a further 42m zone grades 0.32% Cu, with materially higher Mo grades averaging 178ppm over the full interval. Below this, copper mineralisation is contained within at least seven zones varying in thickness from 4 to 18m, with copper typically >0.4% Cu. Mo is more variable. Results are generally in line with expectations, although the near-surface intersection is significantly higher grade than predicted by the model.

Results for HM186, an infill hole in the west of Target 3, are in line with expectations. The 150m interval grading 0.34% Cu from surface includes 14m @ 0.57% Cu and 8m @ 0.89% Cu. Deeper in the sequence, the Cu tenor is generally low, with slightly elevated molybdenum grades.

Copper results for HM191, a centrally located infill hole, are in line with expectations. Three wide zones returned copper grades >0.35% Cu, supported by good molybdenum grades. The widest and deepest interval is 82m at 0.51% Cu, including 20m @ 0.95% Cu. Gold is also present, with two samples between 334 and 366m returning grades >0.23g/t.

Results for HM192 returned a substantial 102m interval grading 0.38% Cu from 6 to 108m, including 6m at 0.66% Cu and 166ppm Mo. Multiple copper zones were intersected at depth, including 54m @ 0.36% Cu. Significant gold, for Haib, was returned between 376 and 390m, with 4m @ 0.10g/t Au and 8m @ 0.11g/t Au.

Results for HM199, an infill hole located in the centre of Target 3, are exceptional, although in line with expectations. From 4m downhole, a 16m interval grading 0.73% Cu was returned. The standout result, however, is 224m @ 0.46% Cu, including 26m @ 0.68% Cu and 20m @ 0.71% Cu. Gold is present throughout, with the best intervals being 24m @ 0.11g/t and 4m @ 0.10g/t.

Results for HM202, located in the eastern half of Target 3, generally correlate with the current model. At least seven zones were intersected, five of them with widths >28m. Copper grades vary within a narrow range, typically between 0.30 and 0.40% Cu, while molybdenum occurs at higher grades at the top and bottom of the borehole.

HM205 is drilled in the northeast of Target 3 and shows that copper mineralisation extends closer to surface than currently modelled. The 52m interval grading 0.39% Cu, including 12m @ 0.61% Cu, lies outside the current model and is expected to improve the near-surface higher-grade tonnage in this area. Mo grades are relatively low throughout, while gold is slightly above average.

Overall, results for HMRC017, an infill hole, correlate well with the current model. Mineralised intervals vary in thickness from 10m to 56m, with grades generally in the 0.35–0.40% Cu range, while molybdenum shows a marked increase below 92m. Gold is present, with two samples returning 0.16 and 0.11g/t.

Target Area 4

HM200 is located in the south of Target 4 and returned results for the first 158m of this infill borehole that correlate well with the current model. However, the high-grade interval predicted between 156 and 300m did not materialise. The reasons for this are not yet understood but will be assessed.

Table of Significant Intersections

Hole# Zone From (m) To (m) Width (m) Cu (%) Mo (ppm) Au (g/t) CuEq (%)
HM182 X: 780571, Y 6823302, Z: 538, Azimuth: 033, Dip: -59, Depth 324
  Entire Hole 0 324 324 0.28 42 0.018 0.31
  Main 0 58 58 0.42 30 0.026 0.45
  Including 8 12 4 0.53 61 0.048 0.59
  Including 24 44 20 0.59 43 0.039 0.63
  Main 64 72 8 0.30 8 0.021 0.32
  Main 112 154 42 0.32 178 0.025 0.40
  Including 124 130 6 0.45 615 0.030 0.70
  Including 136 138 2 0.77 252 0.165 0.98
  Main 160 164 4 0.70 29 0.027 0.73
  Main 176 194 18 0.45 19 0.022 0.48
  Including 186 190 4 0.76 45 0.031 0.80
  Main 206 216 10 0.34 8 0.018 0.36
  Main 224 232 8 0.25 115 0.014 0.30
  Main 242 248 6 0.45 7 0.024 0.47
  Main 274 278 4 0.43 15 0.049 0.47
  Main 308 316 8 0.40 11 0.028 0.43
HM191 X: 780755, Y 6823351, Z: 526, Azimuth: 010, Dip: -59, Depth 429
  Entire Hole 0 429 429 0.26 57 0.020 0.30
  Main 54 92 38 0.35 142 0.020 0.41
  Including 76 82 6 0.47 390 0.018 0.62
  Main 102 134 32 0.35 58 0.021 0.38
  Main 314 396 82 0.51 65 0.037 0.56
  Including 334 338 4 0.94 31 0.093 1.01
  Including 354 374 20 0.95 105 0.083 1.05
HM189 X: 781453, Y 6822386, Z: 551, Azimuth: 017, Dip: -71, Depth 648
  Entire Hole 0 648 648 0.18 65 0.021 0.22
  Main 318 328 10 0.36 83 0.045 0.42
  Main 352 358 6 0.36 134 0.026 0.43
  Main 434 448 14 0.46 306 0.029 0.59
  Including 442 446 4 0.67 116 0.036 0.74
  Main 455 570 115 0.27 160 0.034 0.35
HM190 X: 782294, Y 6822714, Z: 408, Azimuth: 011, Dip: -73, Depth 194
  Entire Hole 0 194 194 0.24 27 0.035 0.27
  Main 34 46 12 0.31 8 0.040 0.34
  Main 58 80 22 0.42 12 0.046 0.46
  Main 114 166 52 0.25 69 0.041 0.31
HMRC012 X: 781438, Y 6822288, Z: 552, Azimuth: 019, Dip: -82, Depth 432
  Entire Hole 0 432 432 0.14 39 0.020 0.17
  Main 274 278 4 0.77 724 0.096 1.11
  Main 378 394 16 0.29 11 0.031 0.32
HMRC015 X: 781247, Y 6822823, Z: 439, Azimuth: 020, Dip: -71, Depth 491
  Entire Hole 0 491 491 0.19 33 0.016 0.22
  Main 14 20 6 0.49 64 0.030 0.54
  Main 68 76 8 0.58 28 0.047 0.62
  Including 70 74 4 0.79 29 0.047 0.84
  Main 118 124 6 0.30 47 0.022 0.34
  Main 136 142 6 0.30 14 0.017 0.32
  Main 150 154 4 0.34 31 0.023 0.37
  Main 38 390 352 0.31 12 0.032 0.34
  Main 412 491 79 0.43 18 0.032 0.46
  Including 488 491 3 0.71 59 0.046 0.76
HM192 X: 780656, Y 6823351, Z: 554, Azimuth: 023, Dip: -56, Depth 411
  Entire Hole 0 411 411 0.27 37 0.022 0.30
  Main 6 108 102 0.38 41 0.016 0.40
  Including 8 14 6 0.66 166 0.016 0.73
  Including 30 32 2 1.06 83 0.026 1.11
  Including 80 84 4 0.95 61 0.035 0.99
  Main 172 226 54 0.36 42 0.020 0.39
  Including 184 192 8 0.50 33 0.028 0.54
  Main 246 284 38 0.30 30 0.014 0.32
  Including 252 256 4 0.27 57 0.031 0.31
  Main 316 362 46 0.27 57 0.031 0.31
  Including 348 354 6 0.46 83 0.037 0.52
  Main 378 388 10 0.28 39 0.096 0.36
HM193 X: 781731, Y 6822572, Z: 484, Azimuth: 013, Dip: -85, Depth 681
  Entire Hole 0 681 681 0.31 39 0.024 0.34
  Main 94 122 28 0.39 20 0.033 0.42
  Including 94 100 6 0.50 43 0.035 0.54
  Including 104 108 4 0.56 20 0.059 0.60
  Including 118 122 4 0.58 10 0.040 0.62
  Main 180 202 22 0.68 7 0.035 0.71
  Including 180 188 8 1.07 5 0.040 1.10
  Including 190 194 4 0.70 5 0.059 0.75
  Main 236 278 42 0.29 49 0.019 0.32
  Main 292 486 194 0.34 65 0.022 0.38
  Including 396 400 4 0.46 325 0.034 0.61
  Including 450 458 8 0.52 34 0.025 0.55
  Main 512 681 169 0.36 50 0.028 0.40
  Including 630 638 8 1.05 43 0.055 1.11
  Including 652 656 4 0.53 86 0.075 0.62
  Including 674 678 4 0.67 76 0.064 0.74
HM199 X: 780898, Y 6823362, Z: 486, Azimuth: 027, Dip: -58, Depth 438
  Entire Hole 0 438 438 0.36 52 0.026 0.40
  Main 4 20 16 0.73 31 0.040 0.77
  Including 12 16 4 0.96 52 0.040 1.01
  Main 48 82 34 0.34 57 0.031 0.39
  Including 54 56 2 1.10 29 0.065 1.16
  Including 74 78 4 0.58 36 0.020 0.61
  Main 96 320 224 0.46 74 0.032 0.51
  Including 116 126 10 0.45 234 0.111 0.62
  Including 128 132 4 0.34 526 0.089 0.59
  Including 146 154 8 0.62 16 0.033 0.65
  Including 158 166 8 0.66 40 0.076 0.73
  Including 168 172 4 0.60 76 0.020 0.64
  Including 182 184 2 1.15 42 0.024 1.18
  Including 188 192 4 0.68 23 0.016 0.70
  Including 200 226 26 0.68 36 0.022 0.70
  Including 240 260 20 0.66 64 0.032 0.71
  Including 310 318 8 0.56 63 0.026 0.60
  Main 378 428 50 0.29 44 0.018 0.32
HM194 X: 781204, Y 6822701, Z: 479, Azimuth: 029, Dip: -74, Depth 477
  Entire Hole 1 477 476 0.20 55 0.016 0.23
  Main 70 80 10 0.29 181 0.016 0.37
  Main 116 124 8 0.42 8 0.034 0.45
  Main 134 152 18 0.30 107 0.033 0.36
  Main 166 170 4 0.43 37 0.033 0.46
  Main 310 368 58 0.45 21 0.023 0.47
HM198 X: 781883, Y 6822170, Z: 517, Azimuth: 199, Dip: -54, Depth 317
  Entire Hole 0 317 317 0.15 33 0.017 0.18
  Main 0 20 20 0.24 157 0.049 0.33
  Main 176 192 16 0.29 62 0.021 0.33
HM186 X: 780631, Y 6823344, Z: 555, Azimuth: 014, Dip: -61, Depth 369
  Entire Hole 0 369 369 0.26 44 0.019 0.29
  Main 0 150 150 0.34 38 0.025 0.37
  Including 56 70 14 0.57 83 0.028 0.62
  Including 108 116 8 0.89 35 0.042 0.93
  Main 170 188 18 0.29 70 0.018 0.33
  Main 232 264 32 0.30 98 0.017 0.35
HMRC017 X: 781282, Y 6823250, Z: 434, Azimuth: 031, Dip: -84, Depth 357
  Entire Hole 0 357 357 0.24 81 0.020 0.29
  Main 8 26 18 0.42 36 0.055 0.47
  Including 14 18 4 0.56 23 0.101 0.64
  Main 48 84 36 0.38 44 0.038 0.42
  Including 68 74 6 0.57 51 0.064 0.63
  Main 92 102 10 0.35 251 0.025 0.46
  Main 120 176 56 0.38 89 0.019 0.42
  Including 120 124 4 0.65 122 0.040 0.73
  Including 166 170 4 0.66 102 0.040 0.73
HM200 X: 780952, Y 6822891, Z: 480, Azimuth: 016, Dip: -58, Depth 302
  Entire Hole 0 302 302 0.19 52 0.014 0.22
  Main 28 50 22 0.29 68 0.021 0.33
  Main 84 108 24 0.38 80 0.020 0.42
  Including 92 102 10 0.48 63 0.024 0.52
  Main 134 158 24 0.31 39 0.016 0.33
HM202 X: 781184, Y 6823269, Z: 468, Azimuth: 053, Dip: -72, Depth 408
  Entire Hole 0 408 408 0.26 52 0.014 0.28
  Main 64 70 6 0.27 99 0.024 0.33
  Main 76 86 10 0.21 222 0.017 0.30
  Main 98 142 44 0.41 71 0.029 0.46
  Including 100 110 10 0.57 93 0.035 0.63
  Including 120 126 6 0.73 51 0.047 0.78
  Main 148 190 42 0.30 38 0.021 0.33
  Including 148 156 8 0.46 19 0.029 0.49
  Main 218 246 28 0.44 64 0.030 0.48
  Including 230 240 10 0.62 32 0.036 0.66
  Main 264 320 56 0.35 24 0.024 0.38
  Including 274 282 8 0.51 34 0.026 0.54
  Including 288 298 10 0.46 46 0.026 0.50
  Main 328 358 30 0.37 64 0.024 0.41
  Including 330 334 4 0.60 59 0.025 0.64
  Main 368 378 10 0.27 242 0.020 0.38
  Main 392 400 8 0.27 117 0.020 0.33
HM204 X: 781658, Y 6822044, Z: 546, Azimuth: 013, Dip: -79, Depth 288
  Entire Hole 0 288 288 0.15 13 0.017 0.16
  Main 196 198 2 1.12 277 0.116 1.30
  Main 224 246 22 0.26 51 0.035 0.30
HM205 X: 781385, Y 6823484, Z: 512, Azimuth: 341, Dip: -74, Depth 264
  Entire Hole 0 264 264 0.20 17 0.019 0.22
  Main 74 78 4 0.52 86 0.034 0.58
  Main 102 154 52 0.39 33 0.028 0.42
  Including 102 114 12 0.56 53 0.041 0.61
  Main 170 178 8 0.51 25 0.038 0.55
  Main 228 238 10 0.41 16 0.029 0.44
HM209 X: 782305, Y 6822390, Z: 466, Azimuth: 187, Dip: -81, Depth 249
  Entire Hole 0 249 249 0.15 26 0.018 0.17
  Main 2 8 6 0.29 7 0.027 0.31
  Main 38 40 2 1.47 125 0.049 1.55
  Main 230 236 6 0.22 338 0.014 0.36
                 
        Legend: %Cu Mo(ppm) Au (g/t) %CuEq
          <0.4 <100 <0.10 <0.4
          0.4 – 0.5 100 – 200 ≥ 0.10 0.4 – 0.5
          0.5 – 0.7 200 – 1,000   0.5 – 0.7
          0.7 – 1.0 ≥ 1,000   0.7 – 1.0
          1.0 – 3.0     1.0 – 3.0
          ≥ 3.0     ≥ 3.0
  1. True widths are unknown. Widths are interval widths and not true widths. The reported intervals are calculated using the following parameters:
    1. Only CuEq (%) was used to determine the intervals.
    2. The target composite grade is ≥0.30% CuEq.
    3. Composites start and end with samples ≥0.30% CuEq.
    4. Grades between 0.20% and 0.30% are included in interval but generally constitute <40% of the interval.
    5. Consecutive samples between 0.20% and 0.30% should be fewer than 5 samples (10m).
    6. Grades below 0.20% are included but generally constitute <20% of the interval.
    7. Consecutive grades <0.2% should be fewer than 2 samples (4m).
  2. Mineral Resource (MRE) copper equivalent (CuEq%) values have been calculated using commodity type and price considering the relevant recovery rate. The following metal prices were used Cu US$4.54/lb; Mo US$22.68/lb; Au US$4,000/oz along with the following recoveries indicated from test work, Cu 89%; Mo 65% and Au 50%. The CuEq was then calculated using CuEq = [(Cu grade/100 * 0.89 Cu recovery * 2204.62 * $4.54 Cu price/lb) + (Mo ppm/1000000 * 0.65 Mo recovery * 2204.62 * $22.68 Mo price/lb) + (Au grade * 0.50 Au recovery * 4000 Au price/oz / 31.1035)] / [0.89 Cu Recovery * 2204.62 * $4.54 Cu price/lb]

Quality Assurance / Quality Control

All drill core is HQ sized at collar and reduced to NQ size in fresh rock. The core was all logged, photographed, and cut in half with a diamond saw. Half of the core was bagged and sent to ALS Laboratories Ltd. in Johannesburg, South Africa for analysis (SANAS Accredited Testing Laboratory, No. T0387) and ActLabs in Canada, while the other half was quartered with one quarter archived and stored on site for verification and reference purposes while the other quarter will be used for metallurgical test work. 33 elements are analyzed by Inductively Coupled Plasma (ICP) utilizing a 4-acid digestion and gold is assayed for using a 30g fire assay method. Duplicate samples, blanks, and certified standards are included with every batch and are actively used to ensure proper quality assurance and quality control (“QA/QC”) The QA/QC frequency is 1 in 20 for each of blanks, duplicates and standards. 

Qualified Persons

Mr. Dean Richards, BSc. (Hons) Geology, Pr.Sci.Nat., MGSSA – is the Qualified Person for the Haib Copper Project and has reviewed and approved the scientific and technical information in this news release and is a registered Professional Natural Scientist with the South African Council for Natural Scientific Professions (Pr.Sci.Nat. No. 400190/08). Mr. Richards is independent of the Company and its mineral properties and is a Qualified Person for the purposes of National Instrument 43-101.

About Koryx Copper S.A.

Koryx Copper S.A. is a Luxembourg domiciled copper development Company focused on advancing its 100% owned Haib Copper Project in Namibia whilst also building a portfolio of copper exploration licenses in Zambia. Haib is a large copper porphyry deposit in southern Namibia with significant gold and molybdenum credits and a long history of exploration and project development by multiple operators.

More than 160,000m of drilling has been conducted at Haib since the 1970’s with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975), Teck (2014) and Koryx Copper (2021-2026). Extensive further drilling, metallurgical testing and various technical studies have been completed at Haib. Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide milling and flotation copper project with additional heap leach potential.

Mineralisation at Haib is typical of a porphyry copper deposit and is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment. Haib is one of only a few examples of a Paleoproterozoic porphyry copper deposit in the world. Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralisation and alteration features typical of these deposits.

Further details of the Haib Copper Project are available in the technical report titled “March 2026 Mineral Resource Estimate Haib Copper Project, Namibia, National Instrument 43-101 Technical Report” dated effective March 16, 2026. The report and other information are available on the Company’s website at www.koryxcopper.com and under the Company’s profile on SEDAR+ at www.sedarplus.ca.

Additional information is also available by contacting the Company:

Aideen McDermott
Investor Relations
amcdermott@koryxcopper.com
+1-416-837-7680

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the future or prospects of the Haib project or the Company, including prospective production rates and life-of-mine, the timing of publishing a PFS, the commencement of trading of the Shares under the new Company name, and the effective date of the new CUSIP and ISIN assigned to the Shares. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect “, “is expected “, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company’s most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Photos accompanying this announcement are available at 

https://www.globenewswire.com/NewsRoom/AttachmentNg/21f871c8-4c49-45d5-ac7a-f621028428d7

https://www.globenewswire.com/NewsRoom/AttachmentNg/6e48f81e-154a-4a1a-8c7e-f4893e9e487f

MediWound Awarded Additional $3.3 Million from U.S. Department of War to Advance Room-Temperature-Stable Formulation of NexoBrid®

Award raises the total program budget to $21.8 million and supports development through Investigational New Drug (IND) submission for battlefield burn care

YAVNE, Israel, September 22, 2026 — MediWound Ltd. (Nasdaq: MDWD), a global leader in next-generation enzymatic therapeutics for tissue repair, today announced that the U.S. Department of War (DoW) has awarded the Company an additional $3.3 million in non-dilutive funding to advance the development of a room-temperature-stable formulation of NexoBrid® as a non-surgical debridement solution for battlefield burn care.

The supplemental award raises the total program budget to $21.8 million. The program is intended to support development of the room-temperature-stable formulation through submission of an IND application to the U.S. Food and Drug Administration.

“A room-temperature-stable formulation of NexoBrid is designed to simplify storage and handling requirements and enable the use of non-surgical enzymatic debridement in battlefield and other austere settings, where access to surgical capabilities and cold-chain infrastructure may be limited,” said Ofer Gonen, Chief Executive Officer of MediWound. “This additional funding supports the next stage of development toward an IND submission. Our focus is now on completing CMC development, establishing in-house cGMP manufacturing capabilities, and producing clinical batches to support the clinical program.”

The room-temperature-stable NexoBrid development program is within the scope of MediWound’s existing North American license agreement with Vericel Corporation (Nasdaq: VCEL). Under the agreement, Vericel holds exclusive commercial and development rights to NexoBrid in North America.

About MediWound

MediWound Ltd. (Nasdaq: MDWD) is a global leader in next-generation enzymatic therapeutics for tissue repair. The company’s FDA-approved biologic, NexoBrid®, is indicated for the enzymatic removal of eschar in thermal burns and is marketed in the United States, the European Union, Japan, and additional international markets. MediWound’s late-stage development candidate, EscharEx®, is an investigational therapy for the debridement of chronic wounds, with the potential to become a new standard of care in wound management.

For more information, visit www.mediwound.com and follow us on LinkedIn and X (formerly Twitter).

Cautionary Note Regarding Forward-Looking Statements

MediWound cautions you that all statements other than statements of historical fact included in this press release that address activities, events, or developments that we expect, believe, or anticipate will or may occur in the future are forward-looking statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, they are based on current expectations about future events affecting us and are subject to risks, assumptions, uncertainties, and factors, all of which are difficult to predict and many of which are beyond our control. Actual results may differ materially from those expressed or implied by the forward-looking statements in this press release. These statements are often, but are not always, made through the use of words or phrases such as “anticipates,” “intends,” “estimates,” “plans,” “expects,” “continues,” “believe,” “guidance,” “outlook,” “target,” “future,” “potential,” “goals” and similar words or phrases, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may,” or similar expressions.

Specifically, this press release contains forward-looking statements concerning the anticipated progress, development, study design, expected data timing, objectives, anticipated timelines, expectations and commercial potential of our products and product candidates, including NexoBrid®. Among the factors that may cause results to be materially different from those stated herein are the inherent uncertainties associated with the uncertain, lengthy and expensive nature of the product development process; the timing and conduct of our studies of our products and product candidates, including the timing, progress and results of current and future clinical studies, and our research and development programs; the review and approval of regulatory submission by the FDA, the European Medicines Agency or by any other regulatory authority, our ability to obtain marketing approval of our products and product candidates in the U.S. or other markets; our contracts with governmental agencies, including risks associated with government-funded programs such as the potential for termination for convenience, modification, non-renewal, or reduction of government awards, and the risk that government funding may be affected by budget sequestration, changes in government priorities, or failure of Congress to appropriate funds; the clinical utility, potential advantages and timing or likelihood of regulatory filings and approvals of our products and products candidates; the interpretation and applicability of third-party publications or clinical data to our product candidates; our expectations regarding future growth, including our ability to develop new products; market acceptance of our products and product candidates; our ability to maintain adequate protection of our intellectual property; competition risks; the need for additional financing; the impact of government laws and regulations and the impact of global macroeconomic conditions on our ability to source supplies for our operations or our ability or capacity to manufacture, sell and support the use of our products and product candidates in the future.

These and other significant factors are discussed in greater detail in MediWound’s annual report on Form 20-F for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”) on March 5, 2026, and Quarterly Reports on Form 6-K and other filings with the SEC from time-to-time. These forward-looking statements reflect MediWound’s current views as of the date hereof and MediWound does not undertake, and specifically disclaims, any obligation to update any of these forward-looking statements to reflect a change in their respective views or events or circumstances that occur after the date of this release except as required by law.

MediWound Contacts:      
Hani Luxenburg
Chief Financial Officer
MediWound Ltd.
ir@mediwound.com

  Daniel Ferry
Managing Director
LifeSci Advisors, LLC
daniel@lifesciadvisors.com
 

Including 37.89 meters of 5.29 g/t gold and 14.00 meters of 13.09 g/t gold; Drilling initiated to advance geotechnical and hydrogeological work for the South Zone Pre-Feasibility Study

VANCOUVER, British Columbia, Sept. 22, 2026 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (FRA: 1W5) (“Westhaven” or the “Company”) is pleased to report the sixth batch of assay results from ongoing resource infill drilling at the South Zone gold and silver deposit on the Shovelnose gold property in southern British Columbia. The 35,000m infill program continues to be supported by four drills and is on track for completion by the end of September at which point the current 15,000m exploration drilling program will ramp up from one to four drills. Additionally, field activities have been expanded with initiation of a CDN$4,000,000 sonic drilling program intended to advance geotechnical and hydrogeology investigations in support of the South Zone pre-feasibility study (PFS), targeting completion in H2 2027.

Key Highlights:

  • New South Zone infill drill results include highlight assays of:
    • 37.89m grading 5.29 g/t Au and 31.9 g/t Ag
    • 14.00m grading 13.09 g/t Au and 105.8 g/t Ag
    • 32.06m grading 5.05 g/t Au and 28.1 g/t Ag
    • 30.00m grading 2.34 g/t Au and 15.9 g/t Ag
    • 2.62m grading 13.81 g/t Au and 26.6 g/t Ag
  • Resource infill drilling is on schedule for completion by the end of September and exploration drilling program to ramp up from one to four drills.
  • CDN$4,000,000 geotechnical and hydrogeology drill program initiated.

Ken Armstrong, President and CEO of Westhaven, commented:

“Infill drilling of the South Zone continues to deliver exceptional results, particularly in the southeastern part of the deposit where drill holes SNR26-108, SNR26-116 and SNR26-129 have returned 37.89m grading 5.29 g/t Au and 32 g/t Ag, 32.06m grading 5.05 g/t Au and 28 g/t Ag, and 14.00m grading 13.09 g/t Au and 106 g/t Ag, respectively. 

The resource drilling program is on schedule for completion by the end of September, with results expected to support an updated Mineral Resource Estimate (MRE) of the South Zone that will form the basis of mine planning activities for the PFS.

With resource drilling nearing completion, the operations team is shifting its focus to exploration, with drilling expected to ramp up to four rigs through the remainder of 2026. In addition, a CDN$4,000,000 sonic drilling program has commenced and is expected to continue through mid-December. The program will advance geotechnical and hydrogeological investigations required to support the South Zone PFS, which remains on track for completion in H2 2027.”

The 2026 work programs are being funded under a strategic earn-in agreement with Dundee Corporation (“Dundee”), whereby Dundee may earn up to a 60% interest in Westhaven’s four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m resource infill and exploration drill program and ongoing PFS work at Shovelnose, including the CDN$4,000,000 geotechnical and hydrogeology drill program announced in this news release.

South Zone Mineral Resource Infill Drilling

Assay results from the ongoing 35,000m resource infill drilling program at the South Zone deposit continue to show excellent continuity of mineralization in each of Vein Zones 1, 2 and 3. Results have been received from an additional 13 infill drill holes and are reported in Table 1, bringing the total number of reported drillholes to 72. Earlier assays from the infill drilling program can be found Westhaven news releases dated: May 7, linked here, May 26, linked here, July 7, linked here, July 28, linked here, and August 20, linked here. The resource drilling program has been designed to infill the deposit at nominal 25m centres with results to be included in an updated mineral resource estimate to support a PFS targeting completion in H2 2027. To date, 109 drill holes (34,265m) have been completed, with 6 holes remaining to completion of the program.

Selected assay highlights include:

SNR26-108: 37.89m grading 5.29 g/t Au & 32 g/t Ag from 183.11m downhole

SNR26-116: 32.06m grading 5.05 g/t Au & 28 g/t Ag from 223.00m downhole

SNR26-120: 30.00m grading 2.34 g/t Au & 16 g/t Ag from 210.50m downhole

SNR26-124: 7.45m grading 4.99 g/t Au & 81 g/t Ag from 215.85m downhole; and 14.94m grading 2.61 g/t Au & 16 g/t Ag from 227.52m downhole

SNR26-129: 14.00m grading 13.09 g/t Au & 106 g/t Ag from 254.00m downhole

SNR26-132: 2.59m grading 13.81 g/t Au & 27 g/t Ag from 273.28m downhole

Table 1 shows assay results, including drill hole locations and orientations, and is also linked here. Reported assay intervals represent downhole intersections, not true widths. True widths can be estimated at approximately 70-80% of the reported intervals.

Figure 1 shows the locations of the drill holes reported in this news release, as well as the other holes completed in 2026, the remaining planned 2026 drill collar locations and the drill collars of pre-2026 drilling of the South Zone.

Figure 2 presents a South Zone cross-section highlighting drill hole SNR26-108, and Figure 3 presents a South Zone cross-section highlighting drill holes SNR26-116 and SNR26-129. The sections are viewed to the northwest (310°) and illustrate strong continuity of mineralization hosted within structurally controlled quartz veins and hydrothermal breccia zones.

Sampling, Laboratory Analyses and Quality Assurance/Quality Control (QA/QC)

Most core samples consist of halved drill core cut by manual sawing using industry standard core saws. In rare cases, and where required by physical core conditions, manual splitting may be used. Half of the core is retained in the original core box for reference samples and any required future work, including QA/QC. Core samples, controlled by a unique bar-coded reference number, are delivered to ALS’s Kamloops facility and prepared using the PREP-31 package. Each core sample is crushed to better than 70% passing a 2mm (Tyler 9 mesh, US Std. No.10) screen. A split of 250g is taken and pulverized to better than 85% passing a 75-micron (Tyler 200 mesh, US Std. No. 200) screen.

Further analytical and assay procedures are conducted in ALS’s North Vancouver facility. A 0.75g subsample of the pulverized split is subjected to four acid digestion and analyzed via ICP-MS (method code ME-MS61m (+Hg)) which reports a suite of 49 elements.

All samples are also analyzed for gold by fire assay with an AES finish, method code Au-ICP21 (30g sample size) or Au-ICP22 (50g sample size). Samples returning gold values over 10ppm are subjected to over-limit check assays using fire assay and a gravimetric finish (method code Au-GRA21 and a 30g sample size, or Au-GRAV22 and a 50g sample size). The switch to 50g aliquots applies to 2026 resource infill drill holes starting at, and including, SNR26-98. Other over-limit elements may also be subjected to ore grade analyses which vary depending on the element of interest.

ALS’s facilities are accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria.

QA/QC incorporates the laboratory’s internal quality assurance controls as well as Westhaven’s field controls, including the insertion of quarter core duplicates, certified reference materials and blanks, each at a rate of roughly one per 20-25 core samples.
Additional blanks are inserted following samples with visible gold or significant concentrations of ginguro (fine grained bands of dark gray to black sulphides).

QA/QC data are evaluated on receipt for failures, and appropriate action is taken if results for duplicates, standards and blanks fall outside allowed tolerances. Westhaven’s ongoing QA/QC programs are consistent with industry best practices and include auditing of all exploration data. Any significant changes will be reported when available.

Plan View Map September 2026

Figure 1 – Plan View Map September 2026

South Zone Cross Section A-A’

Figure 2 – South Zone Cross Section A-A’

South Zone Cross Section B-B’

Figure 3 – South Zone Cross Section B-B’

Assay Highlights

Reported intervals are at least 2m in length with a 1 g/t Au cut-off for individual samples and no more than 3m contiguous metres dilution.
Or less than 2m in length with an individual sample returning > 10 g/t Au.
*Reported interval includes 3.40m contiguous metres with assays <1 g/t Au.
**Reported interval includes 3.07m contiguous metres with assays <1 g/t Au.

Table 1 – Assay Highlights

ABOUT WESTHAVEN GOLD CORP.

Westhaven is a gold and silver focused exploration and development company targeting low sulphidation, high-grade, epithermal style gold and silver mineralization within the Spences Bridge Gold Belt in southern British Columbia. Westhaven controls ~60,263 hectares within four properties spread along this underexplored belt.

The Shovelnose gold and silver project is the most advanced property, with a 2025 updated Preliminary Economic Assessment that validates the project’s potential as a robust, low cost and high margin 11-year underground gold mining opportunity with average annual life-of-mine production of 56,000 ounces gold and 313,000 ounces silver with a CDN$454 million after-tax net present value (at a 6% discount rate) and 43.2% IRR (base case parameters of US$2,400 per ounce gold, US$28 per ounce silver and CDN/US$ exchange rate of CDN$1.00=US$0.72).1 

On February 23, 2026, Westhaven closed a strategic earn-in agreement with Dundee Corporation, whereby Dundee may earn up to a 60% interest in Westhaven’s four Spences Bridge Gold Belt properties through up to CDN$85,000,000 in staged project expenditures. Under the first phase, Dundee has committed a minimum of CDN$30,000,000, inclusive of a fully funded 50,000m drill program and pre-feasibility work at Shovelnose. The agreement allows for the accelerated exploration and evaluation of one of Canada’s most compelling, undeveloped, high-margin gold and silver assets.

Qualified Person

The technical and scientific information in this news release has been reviewed and approved by Robin Hopkins, P.Geo. (NT/NU), Vice President, Exploration for Westhaven and a Qualified Person for the Company under the definitions established by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

1 See Westhaven’s news release entitled “Westhaven Announces Updated Preliminary Economic Assessment for the Shovelnose Gold Project, British Columbia” and dated March 3, 2025.

ON BEHALF OF THE BOARD OF DIRECTORS OF WESTHAVEN GOLD CORP.

“Ken Armstrong”
President & CEO

For further information, please contact:

Kaeli Gattens
Vice President, Communications
T: 604-681-5558
E: kgattens@westhavengold.com
W: www.westhavengold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities legislation. These forward-looking statements are made as of the date of this news release and Westhaven does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law.

Forward-looking statements in this news release may include, but are not limited to, statements with respect to completing approximately 50,000m of drilling during the year; completing an updated South Zone mineral resource estimate and the planned Pre-Feasibility Study; completing geotechnical, hydrogeology, and exploration drilling programs; the results of the updated Preliminary Economic Assessment; future planned activities; future mineral production and future growth potential for the Company and its projects; the interpretation of preliminary results from exploration undertaken to date at the Shovelnose project using various exploration techniques and analysis; statements with respect to potential styles of epithermal mineralization at the Shovelnose Project; and, the possibility that the Company’s Shovelnose project may host multiple gold bearing epithermal systems.

In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information.

Assumptions have been made regarding, among other things, the price of gold and other precious metals; costs of exploration and development; the estimated costs of development of exploration projects; the Company’s ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms.

Although management of Westhaven Gold Corp. have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or forward-looking information.

Such factors include, without limitation: the Company’s dependence on one group of mineral projects; precious metals price volatility; regulatory, consent or permitting delays; risks relating to reliance on the Company’s management team and outside contractors; risks regarding mineral resources and reserves; the Company’s inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company’s interactions with surrounding communities; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; and the factors identified under the caption “Risk Factors” in the Company’s management discussion and analysis.

Mineral exploration involves a high degree of risk and few properties, which are explored, are ultimately developed into producing mines. There can be no assurance that such forward-looking statements or information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Infographics accompanying this announcement are available at:
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SINGAPORE, Sept. 22, 2026 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG), a leading global provider of customer engagement and marketing technology services, today announced that its enterprise-grade AI agent platform, GPTBots.ai, has integrated Jev — the “System One” decision model from TypeSafe AI — to build what the team calls a “two-layer AI architecture”: one layer that thinks, and one layer that judges.

Aurora Mobile Limited

(Screenshot of the GPTBots.ai Console)

The integration introduces a two-layer AI architecture inside GPTBots.ai: one layer that handles reasoning, and one layer that handles decisions — each optimized for what it does best. The move comes just one week after TypeSafe AI released Jev on September 15, a purpose-built decision model that has since been integrated by Vercel, Cloudflare, LangChain, and other major developer platforms.

The Problem: Enterprise AI Pays for Thinking When It Only Needs to Judge

Every AI agent workflow is full of decisions that don’t require language generation. Is this a billing question or a technical one? Does this retrieved document actually answer the user’s question? Which model should handle this task? These are binary or categorical judgments — yes/no, this/that, relevant/irrelevant — yet most platforms run them through full-scale LLMs that generate paragraphs of text just to arrive at a single classification.

The result: enterprises pay for words they don’t need, wait for tokens that could have been a millisecond decision, and get no reliable measure of how confident the model actually is.

The Solution: A Dedicated Decision Layer

Jev was built for this exact gap. It does not generate text. It takes unstructured state as input and returns structured, probabilistic decisions — Choice, Score, or Yes/No — in a single parallel pass, with calibrated confidence scores attached to every answer.

According to TypeSafe’s published benchmarks:

  • Speed: 70–500ms end-to-end, vs. 3–329 seconds for frontier LLMs
  • Cost: $0.042 per million input tokens; output is free — up to 445× cheaper than comparable LLM decision tasks
  • Reliability: 0% structured output error rate, vs. up to 45.5% for some frontier models
  • Adoption: Integrated by Vercel, Cloudflare, LangChain, and Langfuse within days of launch

How GPTBots.ai Builds the Two-Layer Architecture

GPTBots.ai is not adding Jev as an afterthought. The platform already operated several decision-layer mechanisms. The Jev integration deepens and unifies these capabilities under a single, purpose-built model.

The architecture divides work by nature. The Decision Layer, powered by Jev, handles fast, high-volume judgments — routing, filtering, classification, relevance scoring — in under 500ms at a fraction of the cost of an LLM call. The Reasoning Layer handles complex reasoning, text generation, and open-ended dialogue using general-purpose LLMs such as GPT and Claude. Each task runs on the engine best suited for it.

Three existing GPTBots.ai capabilities now powered by Jev:

1. Model Auto-Router — Picking the right brain before the task starts

Before any task begins, GPTBots.ai evaluates the incoming query and routes it to the best-matched model. With Jev, this routing decision becomes faster and calibrated. Jev assesses query complexity, domain, and urgency, then returns a probabilistic recommendation that the router acts on in milliseconds — replacing an expensive LLM call with a sub-500ms judgment at a fraction of a cent.

2. Dynamic Top-K — Filtering noise out of knowledge retrieval

When RAG retrieves dozens of document chunks, not all are relevant. GPTBots.ai’s Dynamic Top-K capability discards irrelevant chunks before they reach the LLM. Jev strengthens this step by scoring each chunk’s semantic relevance as a calibrated probability — so only the highest-confidence knowledge reaches the model, reducing hallucination risk and token waste.

3. Intent Classification in FlowAgent and Workflow — Routing to the right business branch

GPTBots.ai’s FlowAgent and Workflow modules include a Classifier that identifies user intent and routes conversations to the correct business branch. With Jev, each routing decision carries a confidence score: high-confidence cases move forward automatically, uncertain cases escalate to a stronger model or a human agent.

“We already had the building blocks — model routing, dynamic retrieval, intent classification,” said Chris Lo, Founder and CEO of GPTBots.ai. “What Jev gives us is a dedicated decision engine that handles these judgments at a speed and cost point that changes the economics of the entire pipeline. Instead of paying for a full LLM call on every routing decision, we now pay a fraction of a cent per judgment — and get calibrated confidence scores to boot.”

Confidence-Driven Execution: Act, Review, Escalate

The two-layer architecture introduces a configurable confidence threshold system. Every Jev decision comes with a probability score. Enterprises can set their own thresholds per workflow — deciding which decisions execute automatically, which require review, and which escalate to human agents. A billing classification might auto-execute at high confidence; a compliance decision might require near-certainty. The platform adapts to the cost of being wrong, not just the speed of being right.

What This Means for Enterprise Customers

  • Cost reduction: Decision tasks that previously consumed full LLM tokens now cost fractions of a cent. For platforms processing millions of judgments daily, the savings compound quickly.
  • Lower latency: Sub-500ms decision responses keep real-time conversations and automated workflows moving without waiting for LLM round-trips.
  • Calibrated confidence: Every decision comes with a probability score — replacing “the model seems sure” with a number you can build automation rules around.
  • Zero type errors: Jev outputs are schema-guaranteed. No JSON parsing failures, no malformed responses, no pipeline breaks from unexpected output formats.

About GPTBots.ai

GPTBots.ai is an enterprise-grade AI agent platform by Aurora Mobile (NASDAQ: JG), offering no-code/low-code AI agent development, deployment, and management for enterprise clients. Through multi-model LLM integration and intelligent workflow automation, GPTBots.ai empowers organizations to enhance customer service, optimize knowledge management, and automate business processes, driving digital innovation and transformation worldwide. 
GPTBots.ai’s global customers include Axios Management, GP Batteries, Ruko and many more.

For more information, please contact: marketing@gptbots.ai

About Aurora Mobile

Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services. The Company is dedicated to empowering global enterprises with stable, efficient, and intelligent customer interaction solutions. Leveraging its first-mover advantage in mobile messaging, Aurora Mobile has evolved into a comprehensive platform that integrates Omnichannel Engagement, AI-Driven Marketing, Advanced AI Customer Support, and Frictionless Identity Security. Through its flagship brand EngageLab and its robust AI infrastructure GPTBots.ai, the Company helps businesses achieve seamless customer reach, automate complex marketing journeys, and optimize service efficiency with AI agents, accelerating digital transformation for clients worldwide.

For more information, please visit: https://ir.aurora-mobile.com/
Media contact: marketing@aurora-mobile.com

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law. 

For more information, please contact:
Aurora Mobile Limited
E-mail: ir@aurora-mobile.com 

Christensen Advisory
Ms. Xiaoyan Su
E-mail: Xiaoyan.Su@christensencomms.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8e3b368a-2f58-45c8-b87b-070b97cf91fd

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