PX.V · 2026-01-30 12:00:00

PELANGIO EXPLORATION APPOINTS VICE-PRESIDENT, CORPORATE AFFAIRS AND CORPORATE SECRETARY AND GRANTS STOCK OPTIONS TORONTO, Ontario ( January 30, 20 26) – Pelangio Exploration Inc. (PX:TSX -V; OTC PINK:PGXPF) (“Pelangio” or the “Company” ) today announced that the Board of Directors

Management Changes Share Capital & Compensation

Pelangio Exploration Inc. News Release – January 30, 2026

82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828

NEWS RELEASE

PELANGIO EXPLORATION APPOINTS VICE-PRESIDENT,

CORPORATE AFFAIRS AND CORPORATE SECRETARY AND GRANTS

STOCK OPTIONS

TORONTO, Ontario ( January 30, 20 26) – Pelangio Exploration Inc. (PX:TSX -V; OTC

PINK:PGXPF) (“Pelangio” or the “Company” ) today announced that the Board of Directors

has approved the grant of 5,750,000 incentive stock options to certain directors, officers,

employees and consultants of the Company. The stock options are exercisable into common shares

of the Company at a price of $0.205 per share. Subject to the rules of the TSX Venture Exchange

and the Company’s Stock Option Plan, the options have a term of 10 years and will expire on

January 30, 2036.

The Company also announces that effective immediately Matthew Lilko is appointed Vice -

President, Corporate Affairs and Corporate Secretary. Mr. Lilko has been with Pelangio

Exploration since 2018 and is experienced in applying risk analysis to capital markets and

commodity projects . Mr. Lilko holds a PhD from Trent University and an MA from Western

University. Mr. Lilko is also a director of MINK Ventures Corp.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the

TSX-V) accepts responsibility for the adequacy or accuracy of this release.

About Pelangio

Pelangio acquires and explores prospective land packages located in gold belts in Ghana, West

Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp -sized

properties: the 100 km 2 Manfo property, the site of eight near -surface gold discoveries, and the

284 km 2 Obuasi property, located 4 km on strike and adjacent to AngloGold Ashanti’s prolific

high-grade Obuasi Mine, as well as the Dankran property located adjacent to its Obuasi property.

For additional information, please visit our website at www.pelangio.com, or contact:

Ingrid Hibbard, President and CEO

T: 905-336-3828 // E: [email protected]