Pelangio completes successful 2026 Manfo Drill Program, demonstrating extensions at Pokukrom East
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NEWS RELEASE
Pelangio completes successful 2026 Manfo Drill Program, demonstrating extensions at Pokukrom East
TORONTO, Ontario (September 16, 2026)
Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio” or the “Company”) announces that
the 2026 phase of resource extension drilling of the Pokukrom deposits at Manfo has been completed
and all assays received. Assays for five previously unreported drill holes are reported, with the best
result among these holes in hole SPDD26 -009 of 43 meters of 0.54 g/t Au including 18 meters of 0.82
g/t plus 8 meters of 0.80 g/t Au.
“We extended the Pokukrom East deposit, and there is more to test,” said Ingrid Hibbard, President and
CEO of Pelangio. “The high -grade shoot remains open to the north, and mineralization remains open
down dip to the south. Future drilling will target thes e extensions while continuing to pursue resource
growth across the broader Manfo project.”
2026 Drilling Demonstrates Extensions at Pokukrom East and Sharpens the Focus for Future Drilling
● Previously reported drill hole SPDD26 -008 was the strongest hole in the 2026 program,
returning 26 meters at 2.99 g/t Au including 6 meters at 11.74 g/t Au by fire assay and extending
the known resource 150 meters down-plunge to the north.
● Drill hole SPDD26-009 intercepted 43 meters of 0.54 g/t Au including 18 meters of 0.82 g/t Au
plus 8 meters of 0.80 g/t Au at Pokukrom East.
● Pokukrom East deposit remains open to the north and down-dip near the southern end.
● A PhotonAssay ™ check on the high and medium -grade mineralization encountered in hole
SPDD26-008 returned a 14.5% higher gold grade on average than the fire assay results.
● Drilling program complete with all assays returned.
● Senior structural geologist contracted to examine the drill core and provide guidance on future
drill planning.
The Manfo Gold Project hosts an updated Mineral Resource Estimate conducted by SEMS Technical
Services of Ghana and filed on Sedar+ on September 10, 2025 comprising an Indicated Mineral Resource
of 441,000 ounces of gold at an average grade of 1.16 g/t Au (11.8 million tonnes), and an Inferred
Mineral Resource of 396,000 ounces of gold at an average grade of 0.77 g/t Au (16.0 million tonnes).
The recently completed drilling program was designed to expand mineralization beyond the limits of
the existing resource and to further define the continuity of mineralized zones. The 2026 program
successfully demonstrated extensions to Pokukrom East at th e northern end and down -dip near the
southern end. Mineralization remains open in both areas, and further drilling is warranted.
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Pelangio Exploration Inc. News Release – Sept 16, 2026
372 Bay Street, Suite 1800 Toronto, ON M5H 2W9T: 905-336-3828
Manfo Drilling Program and Final Results
The planned resource-extensional diamond drilling program on the Pokukrom East and West deposits
of the Manfo project has been completed and all assay results have been received. In total three holes
were drilled at Pokukrom West (533.5 meters) and nine holes were drilled at Pokukrom East (2,417.7
meters) for a total of twelve holes drilled for 2,951.2 meters. Results have been previously reported for
the three holes at Pokukrom West plus four holes at Pokukrom East. Results for the final five h oles at
Pokukrom East are reported below.
Strongest hole of the program extended the known resource 150 metres north
Two holes were drilled at Pokukrom East near SPDD26-008, the strongest hole in the 2026 program. As
previously reported, SPDD26-008 returned 26 meters at 2.99 g/t Au including 6 meters at 11.74 g/t Au
extending the known resource of Pokukrom 150 meters down -plunge to the north (reported June 15,
2026). Drill hole SPDD26-010, an approximately 50-meter step-out above and to the north of SPDD26 -
008 returned multiple generally narrow, lower- grade mineralized zones. Refer to Table 1 for all final
drilling assays . Drill hole SPDD26 -011 was intended to fill the gap between SPDD26 -008 and the
historical drilling, although it intercepted the mineralization at a shallower elevation than was planned.
SPDD26-011 was more strongly mineralized than SPDD26-010, with multiple mineralized zones up to 9
meters at 0.92 g/t Au, although the mineralization lacked the high -grade encountered in SPDD26-008.
The high-grade shoot in Pokukrom East remains open down -plunge / to the north and will be probed
further to the north in future step-out drilling. Infill drilling will also be conducted to better define the
extents of the high-grade mineralization at depth in this area. The depth to which the conceptual open
pit can be economically extended to the north may depend on the extent an d tenor of up -dip
mineralization, which has been sparsely drilled to the north. Further infill drilling will also be planned at
shallower elevations to the north.
Final results confirm mineralization remains open down-dip near the southern end
Drill hole SPDD26-009 was drilled to extend Pokukrom East mineralization down-dip near the shallower
southern end of the deposit. The hole returned multiple mineralized zones including a broad intercept
of 43 meters at 0.54 g/t including 18 meters of 0.82 g/t Au plus 8 meters at 0.8 g/t Au. The hole was not
positioned quite as far to the south as was planned , however the results were favourable and confirm
the mineralization remains open down-dip in this shallower southern section of the conceptual open pit
and further drilling to test for down-dip extensions to the Pokukrom East orebody in this area will be
conducted.
Drill holes SPDD26-004 and SPDD26-012 were drilled nearly 100 meters south of the southern limit of
the orebody and while reasonably well altered, were very weakly gold mineralized. These two holes
limit the southern extension of the Pokukrom East orebody; however, a historical shallow hole drilled
140 meters further to the south was modestly mineralized so gold mineralization could possibly pick up
again further to the south which is untested by drilling.
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Pelangio Exploration Inc. News Release – Sept 16, 2026
372 Bay Street, Suite 1800 Toronto, ON M5H 2W9T: 905-336-3828
The 2026 program sharpens the focus for future drilling
The 2026 resource extension drilling program on the Pokukrom deposits at Manfo successfully
demonstrated extensions to the Pokukrom East deposit at the northern end plus down -dip near the
southern end of the deposit. Continued drilling in these areas to pr obe further extensions of the
mineralization, along with infill drilling to quantify resource additions will be undertaken when drilling
resumes at Manfo. The program limited the southern extent of Pokukrom East and limited the potential
for resource expansion of Pokukrom West, so further drilling of these areas will not be required and the
focus of future resource drilling will be on those areas of Pokukrom East where the mineralization
remains open plus resource expansion drilling of the Nkansu and Nfante West deposits. Table 1 lists the
drill hole assay intercepts previously unreported and Table 2 lists all the results from the 2026 drilling
program at Manfo.
Structural review will help guide the next phase of drilling
To support improved modelling of Pokukrom East mineralization in the next resource update and guide
future drill planning, the Company has contracted a highly experienced structural geologist to examine
the Pokukrom East drill core for one week, beginning before the end of September. A better
understanding of the structural and geological controls on mineralization will support continued
resource expansion and exploration at the Manfo project.
Table 1. Final Assay Results from Diamond Drilling on the Pokukrom Deposits, Manfo Project
DHID Deposit East North Length Azim Dip From To Interval Au
UTM UTM (m) (o) (o) (m) (m) (m) (g/t)
SPDD26-004 Poku East 579,194 755,675 140.5 117 -50 N.S.V.
SPDD26-009 Poku East 579,177 755,987 302.4 122 -63 124 132 8 0.80
157 172 15 0.35
205 248 43 0.54
205 223 18 0.82
incl. 205 209 4 1.60
incl. 255 260 5 0.28
SPDD26-010 Poku East 579,668 756,609 294.9 120 -55 167 169 2 0.57
176 178 2 0.57
205 212 7 0.65
244 248.96 4.96 0.39
265 266 1 1.58
272 279 7 0.65
SPDD26-011 Poku East 579,598 756,513 329.1 121 -58 55 59 4 0.31
69.7 74.6 4.9 1.81
84.84 87 2.16 0.93
148 151 3 0.59
196 198 2 0.68
201 203 2 0.51
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Pelangio Exploration Inc. News Release – Sept 16, 2026
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DHID Deposit East North Length Azim Dip From To Interval Au
UTM UTM (m) (o) (o) (m) (m) (m) (g/t)
259 268 9 0.92
SPDD26-012 Poku East 579,079 755,737 221.5 117 -60 170 172 2 0.72
Table 2. All 2026 Assay Results from Diamond Drilling on the Pokukrom Deposits, Manfo Project
DHID Deposit East North Length Azim Dip From To Interval Au
UTM UTM (m) (o) (o) (m) (m) (m) (g/t)
SPDD26-001 Poku West 578,929 756,219 111.5 297 -50 65 77 12 0.94
incl. 68.68 71 2.32 2.78
SPDD26-002 Poku West 578,838 756,105 70.7 297 -45 N.S.V.
SPDD26-003 Poku West 579,145 756,482 351.3 297 -65 295 298 3 0.46
SPDD26-004 Poku East 579,194 755,675 140.5 117 -50 N.S.V.
SPDD26-005 Poku East 579,652 756,392 168.5 117 -50 7.75 16 8.25 0.51
32 37.15 5.15 0.64
117 120 3 0.34
126 141 15 0.58
155 159 4 1.07
163 165.5 2.5 1.72
SPDD26-006 Poku East 579,582 756,421 211.6 117 -48 96.13 112 15.87 0.25
127 136 9 0.76
incl. 127 130 3 1.67
204 211 7 0.28
SPDD26-007 Poku East 579,570 756,563 401.0 117 -69 236.2 241 4.8 0.35
338 344 6 0.28
350 351 1 1.00
SPDD26-008 Poku East 579,623 756,571 348.2 117 -66 127 129 2 0.83
185 186 1 4.39
204 212.75 8,75 1.62
incl. 205 209.35 4.35 2.50
228.7 236.2 7.5 0.42
279 305 26 2.99
incl. 296 302 6 11.74
incl. 297 299 2 27.95
SPDD26-009 Poku East 579,177 755,987 302.4 122 -63 124 132 8 0.80
157 172 15 0.35
205 248 43 0.54
incl. 205 223 18 0.82
incl. 205 209 4 1.60
incl. 255 260 5 0.28
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Pelangio Exploration Inc. News Release – Sept 16, 2026
372 Bay Street, Suite 1800 Toronto, ON M5H 2W9T: 905-336-3828
DHID Deposit East North Length Azim Dip From To Interval Au
UTM UTM (m) (o) (o) (m) (m) (m) (g/t)
SPDD26-010 Poku East 579,668 756,609 294.9 120 -55 167 169 2 0.57
176 178 2 0.57
205 212 7 0.65
244 248.96 4.96 0.39
265 266 1 1.58
272 279 7 0.65
SPDD26-011 Poku East 579,598 756,513 329.1 121 -58 55 59 4 0.31
69.7 74.6 4.9 1.81
84.84 87 2.16 0.93
148 151 3 0.59
196 198 2 0.68
201 203 2 0.51
259 268 9 0.92
SPDD26-012 Poku East 579,079 755,737 221.5 117 -60 170 172 2 0.72
total 2,951.2m
1. Intersections are calculated with a 0.25 g/t cut-off and a maximum of three metres of internal
dilution.
2. Only gold intercepts > 1 Gram X Meter are listed.
3. Gold intercepts are un-cut.
4. True thicknesses range from 72% to 88% of the core length. The true thickness for SPDD26-008 is
83% of the core length.
Methodology, Quality Assurance/Quality Control
Diamond drilling was conducted using an SA13000 small footprint diamond drill rig augmented by a
man-portable Hydracore rig. HQ coring was conducted in the oxide, which ranged from 5 to 40 meters
deep, followed by NQ2 coring to the bottom of hole. Drill ho les were spotted in the field with a hand -
held GPS with a locational accuracy of 3 -5 meters. At the conclusion of the drilling program, all 2026
drill collar positions were surveyed with a Trimble R10 GNSS system. A Champ -Magshot multi -shot
survey instrument was used for down -hole survey readings every 12 meters, and a core orientation
instrument was employed in the drilling program to enable accurate 3D measurement of geological
features and structure.
Samples were obtained nominally at 1 -meter intervals by sawing the drill core in half with a diamond
saw and submitting half core to the Intertek Minerals Limited laboratory in Tarkwa, Ghana, for low -
detection (0.01 ppm) 50g Fire Assay plus AA finish for gold. QA/QC samples, including certified
standards, blanks and sample duplicates, were inserted into the sample stream at a rate of one in ten
samples. The QA/QC results were within acceptable limits. The laboratory also performed their own
internal QA/QC checks, which were also acceptable.
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Pelangio Exploration Inc. News Release – Sept 16, 2026
372 Bay Street, Suite 1800 Toronto, ON M5H 2W9T: 905-336-3828
Drill hole SPDD26 -007 returned weak assay results despite showing moderate to strong alteration,
prompting a re -assay to confirm the original findings. The re -assay was completed at ALS Global
Laboratory in Kumasi, Ghana, using the same methodology applied by Intertek Laboratory. The re-assay
results were on average within several percent of the original values and showed a very strong
correlation with Intertek’s results, with r = 0.99, validating the original results from Intertek.
PhotonAssay check returned an average gold grade 14.5% higher
In addition, mineralized intercepts from the strongest hole, SPDD26 -008, were analyzed by
PhotonAssay™ at the Intertek laboratory in Tarkwa. The 66 samples (sample rejects from the original
analysis at Intertek, renumbered to be blind samples) re -analyzed by PhotonAssay ™ returned gold
results 14.5% higher than for Fire Assay, possibly indicating that Fire Assay may be underrepresenting
the gold content at Pokukrom East. Further evaluation of the PhotonAssay™ method will be undertaken
in future drilling programs and a switch over to PhotonAssay™ as the primary analytical method might
be considered in the future.
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.:
Pelangio Exploration Inc. is a Canadian mineral exploration company focused on advancing gold projects
in Ghana and Canada. The Company’s principal asset is the 100% owned Manfo Gold Project in the Sefwi
Gold Belt, which hosts an NI 43-101 compliant mineral resource and is the focus of ongoing drilling and
exploration. In Ghana, Pelangio also holds the Dankran property, where previous work has identified
high-grade gold mineralization with potential for follow -up drilling, along with the Obuasi property
where early-stage exploration is underway. Pelangio’s exploration programs are designed to expand
known mineralization and evaluate new targets through a disciplined and systematic approach.
For additional 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 action s, 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 development 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
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Pelangio Exploration Inc. News Release – Sept 16, 2026
372 Bay Street, Suite 1800 Toronto, ON M5H 2W9T: 905-336-3828
Company’s exploration plans. With 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 and 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 for ward-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 quarterly 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.
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Pelangio Exploration Inc. News Release – Sept 16, 2026
372 Bay Street, Suite 1800 Toronto, ON M5H 2W9T: 905-336-3828
Figure 1. Pokukrom East Vertical Long-section with Final Drilling Results