Dixie Gold Inc. Announces Appointment of Two New Directors, Corporate Secretary and CFO

About this update from Dixie Gold Inc.

Vancouver, British Columbia--(Newsfile Corp. - July 15, 2026) - Dixie Gold Inc. (TSXV: DG) (" Dixie Gold " or the " Company ") reports on further changes to its board of directors and management team, following on from its news releases dated June 17, 2026 and June 22, 2026. Appointment of Two New Directors Further to the Company's news release dated June 22, 2026, announcing the resignations of Messrs. Brian Hearst, Michael England Jr. and Ryan Kalt from the Company's board of directors, and the Company 's stated intention therein to identify and appoint additional qualified directors, the Company is pleased to announce the appointment of Mr. Kal Malhi effective, July 7, 2026, and Ms. Nancy Boufeas, effective July 14, 2026, to the Company 's board of directors (collectively the "Director Appointments"). Following the Director Appointments, the Company's board is comprised of Mr. Rocco Tassone, Mr. Malhi and Ms. Boufeas. The Company has determined that Mr. Malhi and Ms. Boufeas are independent within the meaning of National Instrument 52-110 – Audit Committees. Mr. Tassone is not considered independent by virtue of his role as Chief Executive Officer and Corporate Secretary of the Company. The Company's audit committee is comprised of Mr. Malhi, Ms. Boufeas and Mr. Tassone. The Director Appointments remain subject to acceptance by the TSX Venture Exchange (the "TSX-V"). About Nancy Boufeas Ms. Boufeas is a corporate paralegal with more than 25 years of legal experience in civil litigation and corporate and business law. She obtained her paralegal designation in 2002 and currently provides corporate administration services to more than 200 private companies, as well as several public companies listed on the Canadian Securities Exchange and the TSXV. About Kal Malhi Mr. Malhi is a successful entrepreneur and the Founder and Chairman of Bullrun Capital Inc. that funds several private early-stage companies on the path to a public listing. Over the past two decades, Kal has fundraised $300M+ in capital for numerous startup companies. Kal specializes in working with academia and advances in technology and funded academic research that has the potential for commercialization through private and public companies. Kal has extensive experience in the mining, oil and gas, biomedical, agriculture, and technology sectors. Appointment of Corporate Secretary Further to the Company's news release dated June 17, 2026 (the "June 17 Release"), pursuant to which the Company reported that it had been granted a 30-day extension by the TSX-V (the "Corporate Secretary Extension") to appoint a corporate secretary in connection with the notice of deficiency previously reported by the Company on March 20, 2026 (the "Notice of Deficiency"), the Company is pleased to announce the appointment of Mr. Rocco Tassone as Corporate Secretary of the Company, effective July 2, 2026 (the "Corporate Secretary Appointment").

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