Pelangio Exploration Extends High-Grade Gold Shoot 150-meters North at Manfo, Ghana: 26-meters of 2.99 g/t Au Including 6-meters of 11.74 g/t Au

About this update from Pelangio Exploration Inc.

Toronto, Ontario--(Newsfile Corp. - June 15, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) ("Pelangio" or the "Company") reported that drill hole SPDD26-008 extended the higher-grade gold shoot at its 100%-owned Pokukrom East deposit 150-meters further north, where it remains open and could add significantly to the resource. The hole cut 26 meters of 2.99 g/t Au (un-cut), including 6 meters of 11.74 g/t Au and 2 meters of 27.95 g/t Au. These results show the higher-grade mineralization continues to the north. Drill hole SPDD26-007, previously reported on June 1, 2026 is interpreted to have undercut the plunge of the higher-grade shoot at Pokukrom East, while SPDD26-008 demonstrates the mineralized zone continues to the north at a flatter plunge. "We're excited by these results. They extend the higher-grade gold zone 150 metres to the north and suggest the mineralization may be flattening here, giving us important new information about the geometry of the deposit," said Ingrid Hibbard, President and CEO of Pelangio. "Each hole helps us refine our understanding of the system, and with this improved understanding we are well positioned to continue testing for additional extensions of the higher-grade zones." Highlights The Manfo Gold Project hosts an updated Mineral Resource Estimate conducted by SEMS Technical Services of Ghana and filed on Sedar+ on September 10, 2025 comprising an Indicated Mineral Resource of 441,000 ounces of gold at an average grade of 1.16 g/t Au (11.8 million tonnes), and an Inferred Mineral Resource of 396,000 ounces of gold at an average grade of 0.77 g/t Au (16.0 million tonnes). The current drilling program is designed to expand mineralization beyond the limits of the existing resource and to further define the continuity of mineralized zones, while ongoing exploration will continue to evaluate additional targets across the project. Manfo Drilling Program and Results The ongoing resource extensional diamond drilling program at Manfo is focussed on demonstrating extensions to the Pokukrom East and West deposits. The current program is planned for approximately 2,900 meters in 14 drill holes and is 77% complete, with seven holes drilled and two in progress nearing completion. Assays have been received for seven holes including the latest hole. Six holes were reported on J...

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