Pelangio Exploration Reports Interim Drill Results from the Manfo Project, Ghana; Drilling to Transition to Dankran with Further Drilling Planned at Manfo

About this update from Pelangio Exploration Inc.

Toronto, Ontario--(Newsfile Corp. - June 1, 2026) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") reports interim results from its ongoing drilling program on its 100% owned Manfo Project and provides an update on its exploration programs, including a planned transition to drilling to the Dankran property upon completion of this phase of the Manfo drilling program and the planned Controlled Source Electromagnetic ("CSEM") surveys to be conducted at both Manfo and Obuasi. The updated 2,900-metre resource expansion drilling program at the Pokukrom East and West deposits is approximately 72% complete, with seven of fourteen planned holes completed and two additional holes nearing completion. Assay results have been received for six holes and additional assay results will be reported as they become available. Following completion of the current phase, drilling is expected to move to the Dankran property to follow up on previous encouraging results, while the reverse-circulation drilling program at Manfo will be scheduled for the dry season later in the year after completion of the CSEM survey. Highlights The Manfo Gold Project hosts an updated Mineral Resource Estimate completed by SEMS Technical Services of Ghana and filed on Sedar+ on September 10, 202 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. Ingrid Hibbard, President and CEO of Pelangio, commented: "The current phase of drilling at Manfo is contributing to our understanding of the existing mineral resource and identifying opportunities for further expansion. With additional results pending, this phase represents an important step in advancing the project. Upon the completion of this phase of drilling at Manfo drilling will transition to our Dankran property, where previous drilling has identified high-grade mineralization. In parallel, we will be completing CSEM surveys that will be...

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