Company Announcements

VANCOUVER, BC , April 2, 2026 /CNW/ - 1911 Gold Corporation("1911 Gold" or the "Company") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to provide additional assay results from the underground drill program at the Company's wholly-owned operational and fully permitted True North Gold Project ("True North"), located in southeast Manitoba, Canada.

These assay results represent ten (10) drill holes for 1,464 metres ("m") from the underground delineation drill program on the mineral resources outlined within the mine plan in the recent True North Preliminary Economic Assessment ("PEA"), in preparation for development and mining activities (see press release dated February 10, 2026, "1911 Gold Delivers Positive PEA for True North Highlighting Robust Economics with Low Capital Intensity and High Returns").

Drilling Highlights:

• Drilling results confirmed continuity of gold ("Au") mineralization within the Hinge Zone ("Hinge") V-810 vein as outlined in the PEA mine plan for the early years of mining, located adjacent to Level 16 (695 metres below surface).
  
  
• Hinge Delineation Drill Program – the latest drill results reported complete this program for Hinge, with the following highlighted results:
  
  
  • UG16-26-038: Intersected 9.51 grams per tonne ("g/t") Au over 3.50 m (at 133.80 m downhole depth), including 12.70 g/t Au over 0.70 m, and 30.70 g/t Au over 0.60 m
  • UG16-26-046: Intersected 12.00 g/t Au over 1.00 m (at 128.80 m downhole depth), and 7.44 g/t Au over 0.50 m (at 132.00 m downhole depth)
  • UG16-26-041: Intersected 6.71 g/t Au over 2.00 m (at 117.00 m downhole depth), including 11.40 g/t Au over 0.80 m
  • UG16-26-042: Intersected 5.78 g/t Au over 1.10 m (at 118.00 m downhole depth), including 6.46 g/t Au over 0.50 m
  • UG16-26-043: intersected 4.10 g/t Au over 1.40 m (at 112.90 m downhole depth), including 5.59 g/t Au over 0.70 m
    
    
• Additional drilling is planned to test the extension of the V-810 vein at Hinge between the current resource and Level 16, located 25m down plunge

Shaun Heinrichs, President and CEO stated, "Drilling has confirmed mineralization within the targeted V-810 vein within Hinge, an area that will be considered for test mining activities later in the year. These additional results are in line with previous delineation drilling at Hinge with a consistent core of higher-grade gold mineralization approximately 40 m wide extending approximately 100 m down plunge. The ongoing drill program is focussed on infill and delineation drilling in areas that are included in the first years of mining within the PEA mine, as well as exploration and resource expansion drilling. We currently have two drills on surface and plan to mobilize a third underground drill rig over the next month which will continue to provide infill and resource expansion results as we expand our resource base in 2026 and advance towards the planned mine restart in 2027."

The underground infill and delineation drill program has focused on two areas scheduled for early production in the PEA mine plan that are readily accessible from the existing Level 16 development. Current development drilling continues to focus on upgrading and delineating the resources for the initial years of the mine schedule and supporting the upcoming bulk sampling and test mining activities. The latest results reported conclude the current delineation drill program on the Hinge V-810 vein, with thirty-one (31) drill holes completed to date for a total of 4,608 m. Results from the delineation drilling on Hinge V-810 will be incorporated into the project database to improve the vein wireframe modelling and to update the resources and stope designs to support an optimized mine plan.

Exploration Drilling

Beyond the immediate mine plan, 1911 Gold has been testing new target areas within the True North mine footprint. This includes underground drilling on the new Shore target and the San Antonio Southeast ("SAM SE") depth extensions, as well as testing the extensions of mineral resources included in the PEA mine plan. Additional underground drill results on the potential new resource targets and resource expansion areas will be released upon receipt of final assay results.

Two (2) surface drill rigs were mobilized in early February to test the near-surface extensions of gold mineralization previously intersected at the San Antonio West, SAM SE and Shore targets. Drilling is progressing on all targets, and additional results will be released as they become available.

Table 1: Select Significant Drill Results from Hinge Delineation Drill Program at True North

Discussion of Results - Hinge (V-810) Infill and Delineation Drilling

The latest Hinge Zone (V-810) delineation drill results from the last ten (10) drill holes totaling 1,464 m confirmed the continuity of gold mineralization within proposed stopes outlined in the recent PEA mine plan. Drill holes were planned to intersect the modelled vein on a nominal 15 m spacing to upgrade indicated resources to the measured resource category. The V-810 vein modelled in this zone had an average width of 1.2 m, diluted to 1.5 m minimum width in the PEA mine plan

The V-810 vein is hosted by a dacitic lapilli tuff unit, characterized by northwest trending shear and extensional stockwork style veins and vein breccias subparallel to the stratigraphy and are predominantly comprised of white quartz with accessory Fe-carbonate and albite, containing thin bands of tourmaline- sericite-pyrite and chlorite. Gold is associated with pyrite, with free native gold also occurring. Geological interpretation and assay results for holes highlighted in this release support the definition of an approximate 120 m long and 100 m wide zone plunging N13E/52° hosted within the dacitic lapilli tuffs unit and the intersection of the regional mineralized Hinge shear zone.

Eight (8) of the ten (10) drill holes completed intercepted the vein, with overall average widths as expected including UG16-25-041 which intersected 6.71 g/t Au over 2.00 m (at 117.00 m downhole depth), including 11.40 g/t Au over 0.80 m; UG16-25-042 which intersected 5.78 g/t Au over 1.10 m (at 118.00 m downhole depth; and UG16-25-046 which intersected 12.00 g/t Au over 1.00 m (at 128.80 m downhole depth), and 7.44 g/t Au over 0.50 (at 132.00 m downhole depth). Data interpretation defines a classic "pinch-and-swell" geometry of shear hosted veins both on strike and vertically with a consistent core of higher-grade gold mineralization approximately 40 m wide extending approximately 100 m down plunge (see press release dated March 11, 2026, "1911 Gold Confirms Resource Continuity in Underground Infill and Delineation Drilling at True North") which returned results including 10.03 g/t over 1.10 m Au (at 136.80 m downhole depth), including 14.50 g/t Au over 0.50 m in hole UG16-25-006; 10.79 g/t Au over 2.20 m (at 119.70 m downhole depth) in hole UG16-25-015, including 14.60 g/t Au over 1.10 m; 6.62 g/t Au over 3.40 m (at 135.60 m downhole depth), including 23.60 g/t Au over 0.70 m in hole UG16-25-017.

Vein wireframe update and assay results from the delineation program will support the updated resource estimate and the mine plan optimization for this area.

Additional drilling is planned to test the potential extensions of the Hinge V-810 vein above Level 16, which is located 25m down plunge.

Table 2: Select Significant Drill Results from Hinge Delineation Drill Program  (Intercepts that occur outside of the modelled veins within the PEA mine plan)

A number of drill holes also intercepted mineralization outside of the currently modelled veins and which are not included in the PEA mine plan. Preliminary interpretation indicates a potential vein system parallel to the Hinge vein V-810, which occurs outside of the modeled wireframes supporting the 2024 mineral resource estimate and will be further interpreted and modelled to define potential resource additions (see technical report entitled "NI 43-101 Technical Report on the True North Gold Project, Bissett, Manitoba, Canada", prepared by Lions Gate Geological Consulting Inc. and 1911 Gold, dated December 23, 2024). Further interpretation is ongoing to define potential mineralization continuity to support vein wireframe modelling.

The Company also wishes to clarify disclosure in its news release dated March 11, 2026. An interval disclosed in the "Drilling Highlights" on the first page, previously reported for drill hole UG16-25-006 as 10.03 g/t Au over 1.10 m (at 136.80 m downhole depth), including 12.91 g/t Au over 1.70 m, including 14.50 g/t Au over 0.50 m, should have been disclosed as 10.03 g/t Au over 1.10 m (at 136.80 m downhole depth), including 14.50 g/t Au over 0.50 m (where the information is reported correctly in Table 1 of the release). This correction does not materially impact the interpretation of the drill results.

Table 3: True North Drill Hole Details (UTM NAD83 Zone 15)

Qualified Person Statement

The scientific and technical information in this news release has been reviewed and approved by Mr. Michele Della Libera, P.Geo, Vice-President Exploration of 1911 Gold Corporation, who is a "Qualified Person" as defined under NI 43-101.

Quality Assurance/Quality Controls (QA/QC)

Whole core is sampled for the delineation drilling, with samples placed in plastic sample bags, labelled, sealed and despatched for analysis. Batches are shipped to Activation Laboratories Ltd. (Actlabs), in Thunder Bay, Ontario for sample preparation and analysis. Samples are dried, crushed to 2mm and a 1 kg split is pulverized to -200 mesh. Gold analysis is completed by fire-assay with an atomic absorption finish on 50 grams of prepared pulp. Samples returning values equal or greater to 10.00 g/t are reanalysed by fire assay with a gravimetric finish. Total gold analysis (Screen Metallic Sieve) is conducted on highly mineralized samples or the presence of visible gold. Certified gold reference material samples are inserted every 20 samples and blank samples at intervals of one in every 50 samples, with additional blanks inserted after samples hosting visible gold. Repeat third-party gold analyses for 5% of all submitted sample pulps are analyzed at ALS-Chemex Laboratory, North Vancouver, Canada.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a central, and readily expandable infrastructure complex to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold's True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, 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 describes a "goal", or variation 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.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, the Company's current business plans, including the ongoing underground and surface drill programs, and the timing and results thereof; development programs and the planned test mining and bulk sample program, leading towards a potential mine restart in 2027 (and the actual results and timing of these planned events); and generally, the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements 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.

In addition, readers are directed to review the detailed risk discussion in the Company's Annual Management's Discussion & Analysis for the year ended December 31, 2025, filed on SEDAR+, which discussions are incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither 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.

SOURCE 1911 Gold Corporation

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