Pelangio Advances Multiple Exploration Programs Across Ghana
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NEWS RELEASE
Pelangio Advances Multiple Exploration Programs Across Ghana
TORONTO, Ontario (September 18th, 2026)
Pelangio Exploration Inc. (PX:TSX -V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) is pleased to
announce that exploration is advancing across its Ghana portfolio, with multiple programs now underway
or set to begin this month.
● Controlled Source Electromagnetic Survey (“CSEM”) targeting mineralization the depth of the
recently completed drill program at Manfo is now complete which included SPDD26-008 which
intercepted 26 meters at 2.99 g/t Au from 270m including 6 meters at 11.74 g/t Au
● Obuasi CSEM survey, in collaboration with neighbour, AngloGold Ashanti to commence by end of
September, evaluating exploration targets along the Obuasi Mine trend
● Diamond drilling program at Dankran about to commence, following up on encouraging results
from previous drilling by Pelangio including up to 3 meters of 14.17 g/t Au plus 2 meters of 6.0 2
g/t Au.
● Partner TuNya has begun 2,000-meter RC drilling progam to test targets on their earn-in portion
of Pelangio’s Obuasi Property.
“What is particularly encouraging is that each of these programs is aimed at answering an important
geological question,” said Ingrid Hibbard, President and CEO of Pelangio. “At Manfo, we are testing the
potential for mineralization beyond the depth reached by recent drilling. At Obuasi, we will be surveying
along a trend associated with one of the world' s premier gold districts, and at Dankran we are following
up on previous high-grade drill intercepts. Collectively, these programs represent meaningful catalysts for
advancing our understanding of the potential across our Ghana assets.”
CSEM surveys will test deeper targets at Manfo and Obuasi
SEMS Exploration Services of Ghana has been contracted to conduct CSEM surveys on Pelangio’s Obuasi
and Manfo projects to explore for mineral targets at depths up to 1 kilometre or more. Controlled source
electromagnetics is an active EM method where an electromagnetic signal is ‘injected’ into the ground
with the response measured at multiple stations in a grid array. The SEMS survey will employ an IRIS
Instruments TIP 12000 transmitter powered by a 20kVA generator to create the EM signal with the
subsurface response read by two Metronics Magneto-Telluric (MT) grade receiver units working on a 170-
meter grid node spacing. The CSEM method is effective at mapping resistive bodies and detecting
conductive features at s hallow to intermediate depths (up to several km) and should be effective at
resolving Obuasi-style mineralization (conductive sulphide ore and resistive gold -bearing quartz lodes)
plus Manfo style mineralization (resistive silicified gold zones) comfortably to a depth of 1 kilometre or
more.
Manfo CSEM Survey Completed
The recently completed Manfo survey covered the area of the Pokukrom deposits plus down -plunge
extensions to the northeast. An area of 2.8km 2 was surveyed with 100 EM stations. The intentio n of the
survey was to explore for mineralization at greater depths than the recently completed drill program. the
crew is moving to Obuasi. Refer to Figure 1.
Obuasi survey will advance exploration along the interpreted Obuasi Mine trend
The Obuasi survey will run in collaboration with neighbours AngloGold Ashanti. Pelangio’s Obuasi survey
will cover the ‘Obuasi Targets Area’ on the western edge of the property, interpreted to be on strike with
the Obuasi Mine’s Main Au Trend. See Figure 2 . The surve y will cover an area of 9.2km ² with 295 170-
meter spaced stations. AngloGold Ashanti will conduct a parallel CSEM survey extending Pelangio’s survey
6-kilometers into their mine property with 333 stations over an area of 10.4 km ². While SEMS will be
conducting both surveys, the surveys are independent of one another, although a data-sharing agreement
is being discussed. The survey contractors and 3D -inversion data processors will have the full survey
dataset, which is necessary to interpret the results and tie them to the known gold deposits at the Obuasi
Mine.
The Obuasi survey is planned to commence on Pelangio’s Obuasi property by the end of September and
proceed south into AngloGold Ashanti’s Obuasi Mine property. The entire Obuasi survey is expected to
take six to eight weeks of field time with a month or so for the data inversion and reporting.
Dankran drilling will follow up on previous high-grade gold results
Preparations are underway for a diamond drilling program on the Dankran p roperty expected to
commence by the end of September. A program of five holes totalling 650 meters has been planned to
follow up on Pelangio’s successful maiden reverse circulation (“RC’) drilling program conducted in 2021,
which returned up to 3 meters of 14.17 g/t Au plus 2 meters of 6.02 g/t Au. Previous work by Pelangio has
delineated a 2.5 -kilometer-long target along the principal Ashanti Belt volcanic -sedimentary contact 2
kilometers southwest of the Obuom Mine, a WWII -era small underground mine that produced
approximately 30Koz of gold at 15+ g/t Au from quartz lodes in a shear along the contact. Considerable
artisanal and small scale (“ASM”)mining has taken place in the district, both alluvial and underground hard
rock mining, and the Dankran property is considered prospective for a higher -grade discovery. Refer to
Figure 3.
In addition to the five planned holes, one or two additional holes totalling 150 meters will be drilled to
test one or two compelling hard rock ASM sites on the property. The Dankran drill program is expected to
take approximately six weeks or so to complete with all assays in hand anticipated by December.
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Pelangio Exploration Inc. News Release – September 18, 2026
372 Bay Street, Suite 1800, Toronto, ON M5H 2W9 T: 905-336-3828
TuNya has begun a 2,000-metre drilling program at Obuasi
TuNya Mineral Resources, which is earning-in to the southern Tarkwaian portion of Pelangio’s Obuasi
property have just commenced an RC drilling program to test several robust Au -in-soil anomalies they
have delineated on the earn -in property. As part of TuNya’s commitment to earn 80% of thi s portion of
Pelangio’s Obuasi property TuNya are required to conduct 2,000 meters of drilling.
TuNya have been conducting detailed mapping and soil sampling on the earn-in ground for much of 2026
and have identified several promising targets scheduled for testing by RC drilling, which is now underway.
While TuNya’s focus has been on Tarkwaian geology, the new prospects appear to be more Birimian shear-
hosted in nature. The program is expected to take approximately one month and assays are a nticipated
in October. TuNya currently have several diamond drill rigs operating on their Tarkwaian Kyereboso
prospect.
Figure 1. Planned Manfo CSEM Survey Over the Pokukrom Deposits
Figure 2. District Geology and Location of Planned Obuasi CSEM Survey
The Obuasi Au trends depicted above are from AngloGold Ashanti’s Obuasi Underground Analyst Site
Visit presentation, p.10, posted on their website on March 17, 2025. The location of the Far North
(Adansi) ore shoot is estimated from p.31 of the same presentation.
Figure 3. Planned Diamond Drilling, Dankran Property
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Pelangio Exploration Inc. News Release – September 18, 2026
372 Bay Street, Suite 1800, Toronto, ON M5H 2W9 T: 905-336-3828
Figure 4. Location of TuNya’s Soil Au Targets Planned for RC Drill Testing
Qualified Person
Mr. Kevin Thomson, P.Geo. (Ontario, #0191), Senior Vice-President, Exploration and Director, is a qualified
person within the meaning of National Instrument 43 -101 Standards of Disclosure for Mineral Projects.
Mr. Thomson approved the scientific and technical disclosure in this release.
About Pelangio Exploration Inc.:
For additio nal information, please visit our website at www.pelangio.com, or contact: Ingrid Hibbard,
President and CEO Tel: 905-336-3828 / / Email: [email protected]
Forward-Looking Statements: Certain statements herein may contain forward -looking statements and
forward-looking information within the meaning of applicable securities laws. Forward -looking
statements or information appear in a number of places and 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
statements that certain actions, events or results “may”, “ could”, “would”, “might” or “will” be taken,
occur or be achieved. Forward -looking statements and information include statements regarding the
Company’s ability to complete proposed targeted infill drilling, step-out drilling and exploration to further
define and expand the resource base, as well as further drilling at Pokukrom East and the other deposits,
potential expansion of the Resource, potential conversion of Inferred to Indicated ounces, planned work
programs, advancing technical studies, future de velopment decisions, the potential addition of satellite
deposits, the Company’s strategy of acquiring large land packages in areas of sizeable gold mineralization,
the Company’s plans to follow-up on previous work, and the Company’s exploration plans. Wit h respect
to forward-looking statements and information contained herein, we have made numerous assumptions,
including assumptions about the state of the equity markets. Such forward -looking statements and
information are subject to risks, uncertainties an d other factors which may cause the Company’s actual
results, performance or achievements, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such forward -looking statement or
information. Such risks include the changes in equity markets, share price volatility, volatility of global and
local economic climate, inability to obtain necessary approvals or permits in Ghana, gold price volatility,
political developments in Ghana and Canada, increases in costs, exchange rate fluctuations, speculative
nature of gold exploration, including the risk that favourable exploration results may not be obtained, and
other risks involved in the gold exploration industry. See the Company’s annual and qu arterly financial
statements and management’s discussion and analysis for additional information on risks and
uncertainties relating to the forward-looking statement and information. There can be no assurance that
a forward-looking statement or information referenced herein will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such statements or information. Also,
many of the factors are beyond the control of the Company. Accordingly, readers should not place undue
reliance on forward- looking statements or information. We undertake no obligation to reissue or update
any forward-looking statements or information except as required by law. All forward-looking statements
and information herein are qualified by this cautionary statement. 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.