FireFox Gold Expands Drill Program at Mustajärvi and Commences Drilling at the Sarvi Project in Lapland, Finland

About this update from Firefox Gold Corp.

SODANKYLÄ, FI / ACCESS Newswire / July 14, 2026 / FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF)("FireFox" or the "Company") is pleased to report that it has drilled 56 holes, comprising 13,945 metres, at the 100%-held Mustajärvi gold project in Lapland, Finland since beginning the program in August of 2025. As the first drill rig goes on a scheduled break, the technical team is completing its core logging and sampling while looking forward to the receipt of analytical data for 25 holes at the Mustajärvi deposit. After significantly exceeding its plans for approximately 10,000 metres of drilling, FireFox will resume drilling at its flagship project in early August. In the meantime, the Company further announces the engagement of a second drilling contractor and the initiation of a follow-up drilling campaign at its 100%-held Sarvi gold project, located approximately 20 kilometres east of Mustajärvi and 5 kilometres north of the Ikkari gold deposit, which is now 100%-owned by Agnico Eagle Mines Ltd. The Sarvi drill program will test the continuity and extent of the gold mineralization intersected in scout drill hole 25SA003, which returned 27.48 g/t Au over 1.75 metres (see the Company's news release dated January 21, 2026 ). In addition to step-out drilling around hole 25SA003, the FireFox technical team has generated additional targets from recently completed geophysical surveys on the Sarvi property. FireFox CEO, Carl Löfberg, commented, "It has already been a very productive year in the field. We have well surpassed our targeted drill meterage at Mustajärvi, which will lead to steady news flow during the second half of 2026, building towards a maiden mineral resource estimate. This is the sort of critical mass of drilling and expanded scale of exploration that we've been waiting for. Now, after closing another significant financing, we are initiating drilling at a second project. After a short, planned break at Mustajärvi, we will be operating two drill rigs in parallel for the first time. While Mustajärvi is our first discovery and flagship project, it's important to remember that FireFox has a total of seven projects. The Sarvi project was the site of a high-grade drill intercept that we reported in January. Our team has now applied multiple geophysical methods to target beneath the thin cover of glacial sediments in that area. We are confident that we have identified favourable targets there with excellent potential to yield more high-grade gold. We believe a core strength of our company is the team's ability to move rapidly and systematically across multiple targets on multiple properties."

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