VANCOUVER, BC / ACCESS Newswire / August 10, 2026 / Gemdale Gold Inc. (TSXV:GEMG)(OTCQB:GDGIF) ("Gemdale" or the "Company") is pleased to announce further drill results from the 2026 drill program at its 100% owned Pontio Gold Project located in western-central Finland. This release reports on the results of 9 holes from the southern (S1 and S2) Sectors of the M2 Trend at Pontio, focussed mainly on the S1 Sector, as part of the 5,009m, 28 diamond drill hole 2026 Phase 1 programme.

Highlights

• Intersections from the S1 Sector continue to show wide zones of near surface, bulk tonnage style gold mineralisation, with higher-grade intervals (downhole) as follows:

  • HOLE PONT093:

    • 110.00m @ 1.18 g/t Au from 99.08m

      • Including 5.19m @ 14.01 g/t Au from 137.90m plus

    • 9.10m at 0.93 g/t Au from 81.94m

  • HOLE PONT087:

    • 48.89m @ 0.68 g/t Au from 24.70m

  • HOLE PONT085 (within 98.32m of cumulative gold mineralisation):

    • 51.95m @ 0.55 g/t Au from 27.49m plus

    • 35.08m @ 0.59 g/t Au from 85.32m

  • HOLE PONT086 (within 132.81m of cumulative gold mineralisation):

    • 13.50m @ 0.57 g/t Au from 45.19m plus

    • 45.31m @ 0.56 g/t Au from 120.31m

  • HOLE PONT092:

    • 27.09m @ 0.72 g/t Au from 48.80m plus

    • 9.15m @ 1.46 g/t Au from 92.07m

• HOLE PONT091 indicates the possible continuity of mineralisation southwards from Sector S1 through to Sector S2 and infills a gap in drilling of 600m between Sectors S1 and S2, intersecting:

  • 14.73m @ 0.86 g/t Au from 86.43m downhole

• Overall, the results significantly extend the width of the S1 Sector of the M2 Trend. The mineralised diorite porphyry, host to the subcropping gold mineralisation, is now more than 140m in estimated true width on some profiles.

• The deposit remains completely open at depth with an average drill depth of less than 100m to date along the 4km of mineralised strike extent.

Toby Strauss, President and CEO comments "We are delighted with this next set of results, from the southern Sectors of the M2 Trend at Pontio. PONT093 returned our best ever intersection in terms of length and grade, including a section of much higher grade mineralisation at grades rarely observed to date at Pontio. These results not only can lift the average grade, but have also substantially increased the thickness of the mineralised porphyry body in the S1 Sector. While we still have a few drill results remaining to report from our H1 2026 program, we also now look forward to the H2 program, starting later in August, which will include further testing in the newly recognised area of the known higher grades as well as continuing to tighten the infill drilling in advance of a maiden Resource Estimate anticipated in early 2027."

Details of the Drilling

The drill results being reported in this press release are all from the southern (S1 and S2) portions of the M2 Trend (Figure 1), which occur over a known strike length of approximately 1.7km. The hosts to mineralisation in the S1 and S2 Sectors are predominantly dioritic porphyries, as opposed to the northern areas of the M2 Trend where the host rocks are predominantly older equigranular diorite dykes. Both the diorites and the dioritic porphyries are mineralised.

Mineralisation in the Southern Sectors of the M2 Trend

PONT085 was drilled on a profile at the northern end of the S1 Sector (Figure 2). The hole was drilled eastwards into the main body of the S1 porphyry as a scissor hole to holes BELANP024 and PONT023, both of which intersected shallow mineralisation, but due to their short lengths had failed to delineate the western margin of the porphyry body on this profile. PONT085 intersected a number of mineralised zones throughout the length of the drillhole (206.6m). These intersects are summarised in Table 1, but cumulatively the mineralised zones in the porphyry approximate 98m of downhole intersects. This profile (including the previous holes) now has a true thickness of over 120 m.

PONT086 was drilled westwards on a profile 100m south of PONT085, infilling a 200m gap between profiles. PONT086 intersected numerous mineralised zones (Table 1) with cumulative downhole thicknesses of 132m. A scissor hole (PONT096) was also drilled on this profile and the results remain pending. The true thickness of the porphyry intrusion on this profile is in excess of 150m.

PONT087 and PONT093 infilled a 200m gap in the profiles in the central portion of the S1 Sector. Both holes intersected good thicknesses of mineralised porphyry (see Table 1) with PONT087 intersecting 48.89m @ 0.68 g/t Au from 24.70m downhole. PONT093 returned the single best intersection from Pontio to date with 110.00m @ 1.18 g/t Au from 99.08m downhole. This included 3 contiguous samples each over 10 g/t Au, which composited at 5.19m @14.01 g/t Au from 137.90m. This high grade area confirms the observation of visible gold previously reported (see news release dated 28^th July, 2026), and is approximately 100m north of the other occurrence of visible gold observed in PONT057 (which included 17.93m at 2.83 g/t Au including 0.97m at 31.1 g/t Au). There is now the intriguing possibility that this area represents a higher grade portion of the mineralisation, which will need to be tested by drilling. A shallower zone was also intersected in PONT093, which takes the true thickness of the mineralised porphyry on this profile to over 145m.

PONT088 and PONT092 were drilled on a profile 100m south of PONT057 into a narrow portion at the southern end of the S1 porphyry, infilling a gap of 200m between profiles. PONT088 was drilled to test for further porphyries to the west but failed to intersect any porphyry. PONT092 intersected 27.09m @ 0.72 g/t Au from 48.80m plus 9.15m @ 1.46 g/t Au from 92.07m downhole.

Prior to this phase of drilling the southernmost drillhole to intersect the S1 sector mineralisation was PONT059, with an 800m gap southwards to PONT067 and the intersection of the S2 Sector. PONT062 (200m south from PONT059) had intersected weakly mineralised porphyry, although it is unclear if this is the main M2 Trend porphyry. Three holes in this recent phase of drilling were drilled south of S1 (PONT090 and PONT091) and down into S2 (PONT089).

PONT090 and PONT091 were drilled on a profile 200m north of the PONT067 profile. PONT091 intersected 14.73m @ 0.86 g/t Au from 86.43m downhole. This confirms that the gap between S1 and S2 Sectors does contain mineralised porphyry and thus has the potential to host further mineralisation, that potentially connects the two sectors.

PONT089 was drilled beneath PONT067, and intersected 6.10m @ 0.82 g/t Au in mineralised diorite (as opposed to porphyry in PONT067). Further drilling with a scissor hole is needed in this profile to better understand the geology and mineralisation. No holes exist to the south of this profile for 600m, so mineralisation remains open along strike to the south, and this is also a target for future drilling.

The S1 Sector now has a total 19 drillholes along approximately 100m spaced profiles, with most profiles having 2 - 4 drillholes. Not all results from the S1 Sector have been received. The significant intersections from the southern Sectors are shown in Table 1.