Engineer Gold Mines Commences 2026 Phase I Exploration at Engineer Gold Project

Engineer Gold Mines Ltd. (TSX-V: EAU | OTC: EGMLF | WKN: A3EEVJ) announced that its 2026 Phase I exploration program is underway on its 100% owned Engineer Gold Project, located 30 kilometres southwest of Atlin in northwestern British Columbia. The property spans 18,319 hectares and includes the historic Engineer Gold Mine, the TAG Property, the Wann River Prospect, and numerous other mineral occurrences.

The Phase I program consists of soil and rock sampling at the Engineer Mine, along with soil geochemistry and a detailed core review and resampling at the TAG Property. The company is fully permitted to follow this with a Phase II program that includes diamond drilling, excavator trenching, and induced polarization geophysical surveys in the Engineer Mine area. Phase II plans will be announced once finalized.

The Engineer Gold Mine Phase I work is designed to expand high-grade gold mineralization and adjacent bulk tonnage targets along strike of previously identified structural corridors, Shear A and Shear B. These structures have been traced by geophysics and geochemistry for over 3 kilometres south of the past-producing mine. The program includes an expanded soil and rock sampling program.

At the TAG Property, located 6 kilometres north of the Engineer Mine, Phase I work includes a rigorous core review and infill core sampling program. From 2006 to 2008, a total of 11,520 metres of diamond drilling in 69 holes was completed at TAG (Fekete and Simper, 2009; Fekete and Skinner, 2007; ARIS reports #30931 and #29581). Recent on-site core re-examination indicated that several drill intercepts crossing the identified mineralized trend were not fully sampled, and samples were not collected adjacent to those hosting significant gold values. Once infill and expanded drill core sampling is completed, a detailed model of the TAG results will be produced to target areas for potential expansion of the gold mineralization and to facilitate completing an updated resource estimate. Additional soil geochemical sampling will be completed at TAG, as prior sampling returned anomalous gold and silver values uphill from known mineralization, indicating potential for a subparallel second mineralizing structure.

The Engineer Project hosts multiple styles of mineralization, including high-grade epithermal gold-silver veins, polymetallic veins, and structurally controlled bulk tonnage style gold systems. The historic Engineer Gold Mine was a past-producing underground operation with historical production between 1910 and 1952 totalling approximately 14,263 tonnes grading 39.4 g/t gold and 19.5 g/t silver (BC Minfile 104M014). In 2011, a historical inferred mineral resource was completed (Snowden, 2011, amended and restated in 2018, O’Brien et al - www.sedarplus.ca), based on a 5.0 g/t gold cut-off, giving an inferred resource of 25,000 ounces of gold at a grade of 19 g/t. The company notes that a qualified person has not done sufficient work to classify the historical estimate as current mineral resources.

Linda Dandy, P.Geo., is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content in this news release.