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Pirate Gold Initiates 50,000 m Drilling Program and Launches New Video Series at Its Treasure Island Project Two rigs active and a third mobilizing in early 2026 for a 50,000 m campaign designed to expand high-grade zones and test new regional structures

Drill Results Exploration Programs Marketing Announcement

Pirate Gold Initiates 50,000 m Drilling Program

and Launches New Video Series at Its

Treasure Island Project

Two rigs active and a third mobilizing in early 2026 for a 50,000 m campaign designed to expand

high-grade zones and test new regional structures

New shareholder video series will bring investors inside the hunt (

https://www.youtube.com/watch?

v=Hcjxi92GphY

) - teaser video released today

St. John's, Newfoundland and Labrador--(Newsfile Corp. - December 4, 2025) -

Pirate Gold Corp.

(TSXV: YARR) (OTCQB: SICNF) ("Pirate Gold" or the "Company") is pleased to announce that it has

initiated a 50,000 metre diamond drilling program at its wholly owned Treasure Island Project in central

Newfoundland. The Treasure Island Project covers over 80 km of strike along the Valentine Lake fault

zone in Canada's newest gold district.

Highlights

Drilling has commenced at Treasure Island with

two diamond drills on site

and a

third rig

scheduled to mobilize in early 2026

The program is expected to run

throughout 2026

Initial focus of the drilling program will be on the expansion of known zones at high grade

Moosehead zone with a primary focus on

new regional discoveries

throughout the district scale

project

"We recognized early on in our assessment of Treasure Island that discoveries here are going to

be made with the drill bit,"

said Greg Matheson, VP Exploration of Pirate Gold.

"With the

amalgamation of a number of prospects across a vast area of favourable geology we have a truly

regional scale project on our hands with potential to host a number of mineral systems.

"Our team is rapidly moving targets through our exploration pipeline to the drilling stage and

embarking on an ambitious drilling program will allow us to explore both the developed prospects

and grass roots targets at a rapid pace."

New Video Series: Join the Hunt at Treasure Island

Pirate Gold is launching a

new corporate video series

, starting with a

teaser video released today

,

designed to bring shareholders directly into the exploration process as it unfolds.

Cannot view this video?

Visit:

https://www.youtube.com/watch?v=Hcjxi92GphY

The series will walk investors through the real work behind discovery; how targets are generated, why

structures along the Valentine Lake Fault Zone matter, what early drill core reveals, and how the team is

advancing a truly regional-scale opportunity. The aim is to help investors clearly understand what we're

doing, why it matters, and how each result builds the bigger picture.

The full series will feature:

On-site drilling updates and core reviews

Geological and structural walkthroughs

Prospect-level fieldwork and technical progress

Commentary from the exploration team on how each step refines the model

"Our exploration model at Treasure Island is built on scale. Scale of geology, scale of opportunity,

and now scale of communication," said

Denis Laviolette, Executive Chairman and CEO

. "We

want shareholders to feel like they're on the ground with us. This series brings them into the hunt,

showing exactly how each hole, each structure, and each decision fits into the larger story we're

chasing."

Viewers are encouraged to join the hunt by subscribing to the Pirate Gold YouTube channel:

https://www.youtube.com/@PirateGoldCorp

About Pirate Gold Corp.

Pirate Gold Corp. is led by an experienced management team and is the dominant explorer along the

Valentine Lake Fault zone in Newfoundland, Canada's newest gold district. The Company's primary

focus is its 100% owned district-scale Treasure Island Gold Project, along with a portfolio of gold

projects, including the district-scale Fleur de Lys Project.

For more information, please contact:

Denis Laviolette, Executive Chairman, CEO & Director

E

:

[email protected]

Cathy Hume, VP Corporate Development & Director

T:

416-868-1079 x 251

E:

[email protected]

Website:

www.pirategold.ca

YouTube

:

@PirateGoldCorp

Twitter

:

@PirateGoldCorp

Facebook

:

@PirateGoldCorp

LinkedIn:

@PirateGoldCorp

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.

Investors are cautioned that trading in the securities of the Company should be considered highly

speculative. This news release contains "forward-looking statements" within the meaning of the

applicable Canadian securities legislation that are based on expectations, estimates, assumptions,

geological theories, and projections as at the date of this news release. The information in this news

release about any information herein that is not a historical fact may be "forward-looking statements."

Actual results may differ materially. Any statement that involves discussions with respect to

predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or

performance (which may, but not always, include phrases such as "anticipates", "plans", "scheduled",

"believed" or "intends" or variations of such words and phrases or stating that certain actions, events

or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) including

statements regarding the Company's plans with respect to the Company's projects and the timing

related thereto, the merits of the Company's projects, the Company's objectives, plans and strategies,

the receipt of TSXV final approval for the Offering, the use of proceeds of the Offering, and other

matters are not statements of historical fact and may be forward-looking statements and are intended

to identify forward-looking statements. Factors that may cause results to vary include delays in

obtaining necessary approvals, changes in the market for the Company's securities, results of

exploration, loss of title to properties, delays in obtaining permits or access to mineral properties,

including as a result of adverse weather, fire or flood, changes to the Tax Act, rejection of expenditures

as Qualifying Expenditures, and factors included in the documents filed from time to time with the

Canadian securities regulatory authorities by Sokoman Minerals Corp. Sokoman Minerals Corp. will

not update these forward-looking statements to reflect events or circumstances after the date hereof,

except as required by law.

Not for distribution to United States newswire services or for dissemination in the United States

.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/276863