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SPA.V ·

Spanish Mountain Announces AGM results

Shareholder Meetings

Spanish Mountain Announces AGM results

VANCOUVER, British Columbia--(BUSINESS WIRE)--August 22, 2025--Spanish Mountain Gold Ltd. (the

"Company" or "Spanish Mountain Gold") (TSX-V: SPA) (FSE: S3Y) (OTCQB: SPAUF) is pleased to

announce the results from its Annual General Meeting of shareholders (the “AGM”) held on August 21, 2025.

All matters of business as outlined in the Company’s management information circular were approved by

shareholders. The Board of Directors of the Company consists of Brent Bergeron, Peter Mah, Lembit Janes,

Richard Orazietti, and Garnet Dawson.

The Company would like to thank its shareholders for their ongoing support.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold Ltd. is focused on advancing its 100%-owned Spanish Mountain Gold Project (Project)

towards construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. On August 18, 2025,

the Company filed an NI 43-101 Technical Report on SEDAR+ that sets out the Project’s de-risked and

optimized Preliminary Economic Assessment (PEA), with an updated Mineral Resource Estimate (MRE). We

will continue to advance the Project to position the Company to make a construction decision in or before 2027.

We are striving to be a leader in community and Indigenous relations by leveraging technology and innovation to

build the 'greenest' gold mine in Canada. The Relentless Pursuit for Better Gold means seeking new ways to

achieve optimal financial outcomes that are safer, minimize environmental impact and create meaningful

sustainability for communities. Details on the Company are available on www.sedarplus.ca and on the

Company's website: www.spanishmountaingold.com.

On Behalf of the Board,

“Peter Mah”

President, Chief Executive Officer and Director

Spanish Mountain Gold Ltd.

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.

FORWARD-LOOKING INFORMATION:

Certain of the statements and information in this press release constitute "forward-looking information". Any

statements or information that express or involve discussions with respect to predictions, expectations, beliefs,

plans, projections, objectives, assumptions or future events or performance (often, but not always, using words

or phrases such as "expects", "anticipates", "believes", "plans", "estimates", "intends", "targets", "goals",

"forecasts", "objectives", "potential" or variations thereof or stating that certain actions, events or results "may",

"could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and

similar expressions) are not statements of historical fact and may be considered forward-looking information.

The Company's forward-looking information is based on the assumptions, beliefs, expectations and opinions of

management as of the date of this press release and include but are not limited to information with respect to, the

potential to extend mineralization within the near-surface environment; the potential to expand resources and to

find higher-grade mineralization at depth; the timing, size and budget of a winter drill program, and the results

thereof; and the delivery of a maiden resource for the Phoenix Target, and the timing and results thereof. Other

than as required by applicable securities laws, the Company does not assume any obligation to update forward-

looking information if circumstances or management's assumptions, beliefs, expectations or opinions should

change, or changes in any other events affecting such statements or information. For the reasons set forth above,

investors should not place undue reliance on forward-looking information.

Contacts

Peter Mah

(604) 601-3651

[email protected]