Signal Gold Inc. announced its exploration program at the Fowler target, located along strike to the east of the multi-million-ounce Goldboro Deposit. The Fowler target is located within the Goldboro Trend, a 28-kilometre-long geological trend defined by an anticlinal fold structure that hosts the Goldboro Deposit. The Fowler target is part of an initial group of high-priority regional growth targets identified from an airborne geophysical survey across the Company's extensive exploration property of approximately 27,200 hectares (~272 km2) in the Goldboro Gold District.

The Company recently collected 335 soil samples at Fowler to complement existing historical sampling and surveys, which assayed up to 144 ppb gold with 51 samples assaying 10 ppb gold and above. The Company is initiating an exploration program that will include geological mapping, prospecting, surface geochemical sampling, and ground geophysics, with the aim of identifying drill specific targets to discover gold mineralization at Fowler. The Goldboro Deposit is hosted within a geological level referred to as the Richardson sequence which plunges eastward.

Geological mapping and geophysics indicate that in the Fowler area, the structure changes its plunge to westward such that the Richardson sequence that hosts the Goldboro Deposit may resurface eight (8) kilometers east of the existing Mineral Resource. The Meguma Terrane of Nova Scotia is host to numerous gold deposits located within anticlinal structures within a unit of rocks known as the Goldenville Group. The Goldboro Deposit and its western continuation at Dolliver Mountain is preferentially hosted within a level of stratigraphy of the Goldenville Group referred to as the Richardson sequence, a sequence of rocks that are made up of a minimum 1,000-metre-thick section of alternating argillite and greywacke.

The anticlinal structures are doubly-plunging (plunge both to the east and the west) at the regional scale and at the scale of the Goldboro Gold District. Along the Goldboro Trend, the Goldboro Deposit, host stratigraphy, and structure plunge gently eastward. The Richarson sequence is characterized by an elevated magnetic signature that is coincident with the trend of gold mineralization and alteration.

This magnetic pattern outlined by the Company's airborne geophysical survey repeats approximately eight (8) kilometres to the east, due to the reversal in the fold plunge. This repetition, along with the results of LiDAR and structural data interpretation, suggests that this favourable stratigraphy re-emerges at the Fowler target. The Fowler target has been covered by previous exploration that comprises collection of 710 historic B-horizon soil samples, four (4) stream sediment samples and 20 broadly spaced till samples.

Soil samples, collected by Seabright Exploration and Carrick Gold Resources in 1988, assay up to 17 ppb gold with three samples assaying over 10 ppb gold. Of the 24 till samples, collected from the area by Seabright in 1988 and Acadian in 2011, 2 samples assayed for anomalous gold including 110 ppb and 174 ppb. In February 2024, the Company collected 335 soil samples, filling gaps in coverage of the historic surveys.

Soil samples assayed up 144 ppb gold with 51 samples assaying 10 ppb and above gold. Seven (7) reverse circulation drill holes were completed by Acadian Mining in 2007 in the Fowler area, targeting the overburden, but no detectable (>5 ppb gold) results were returned from overburden. Fifteen shallow percussion drill holes in 2 lines, completed by D.D.V. Gold in 2013, tested near the trace of the anticline at the Fowlers target with no detectable (>5 ppb) gold returned from samples of overburden and shallow bedrock.

Similarly, Onitap Resources completed three (3) diamond drill holes in the Fowler target area in 1989 with the best result of 0.06 g/t (60 ppb) gold returned. These drill holes are thought to be several hundred meters south of the interpreted anticline. The Mineral Resource Estimate presented was prepared by Independent Qualified Person Glen Kuntz, P. Geo., of Nordmin Engineering Ltd. as part of the Technical Report titled ?NI 43-101 Technical Report and Feasibility Study for the Goldboro Gold Project, Eastern Goldfields District, Nova Scotia'.

The Mineral Resource Estimate is based on validated results of 681 surface and underground drill holes for a total of 121,540 metres of diamond drilling completed between 1984 and the effective date of November 15, 2021, including 55,803 metres conducted by the Company.