FireFox Gold Provides Update on Kolho Joint Venture Lapland, Finland

About this update from Firefox Gold Corp.

SODANKYLÄ, FINLAND / ACCESS Newswire / April 23, 2026 / FireFox Gold Corp. (TSXV:FFOX) (OTCQB:FFOXF) ("FireFox" or the "Company") is pleased to share a progress report from exploration activity at its Kolho Property, located in northern Finland. The Kolho Property exploration campaign is being operated by a subsidiary of Agnico Eagle Mines Limited (TSX:AEM) (NYSE:AEM) (Agnico) pursuant to the Earn-In Agreement announced on December 20th, 2023. Exploration expenditures on the Kolho Property during 2025 by Agnico totalled US$1.842M. This brings the total expenditure on the project to approximately US$2.936M since signing of the Earn-In Agreement. The 2025 field programs commenced with base-of-till (BoT) sampling from January through August, resulting in 2,778 samples collected, covering most of the Hilla exploration permit. The first drill program was initiated in the fall, including 2,383 metres of diamond drilling in twelve holes at Nuttio and Hilla, and drilling resumed early in 2026, delivering an additional 1,398 metres during the first quarter (see Figure 1). FireFox CEO, Carl Lofberg, commented on the progress at the Kolho Property, "Agnico has established itself as the premier gold explorer and miner in the region, and we are pleased to continue our partnership at Kolho. Our shareholders benefit from Agnico's expertise and capital coupled with the discovery potential over this very large project. It is significant that they have now completed two drill programs on the back of results from systematic BoT sampling and geophysical surveys. Much of the property remains substantially unexplored while occupying a very attractive geological setting. We look forward to the results from the ongoing program." The first three drill holes, totaling 618.8 metres, tested targets at the Nuttio exploration permit where gold-anomalous zones were identified from BoT sampling and geophysics completed during the 2024 campaign (see Company news release dated March 4, 2025). Seven additional holes tested new targets at the Hilla exploration permit area, with a total of 1,764.5 metres drilled. The 2026 diamond drilling program commenced on the 5th of March at the Rova exploration permit with two drill holes, totalling 464 metres. In mid-March the drill rig moved to continue drilling at the Hilla exploration permit to test geophysical and structural anomalies. The three ad...

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