TARGA PROVIDES EL ZANJON DRILLING UPDATE AND ASSAY RESULTS FOR FIRST TWO HOLES

About this update from Targa Exploration Corp.

CSE: TEX | OTCQB: TRGEF | FRA: V6Y VANCOUVER, BC, July 6, 2026 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) (" Targa " or the " Company ") today announced an update and the first batch of assay results from the Company's ongoing drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina (the " Project " or " El Zanjon "). Highlights Ryan Weston, VP Exploration of Targa states: " While assay results for EZD0001 and EZD0002 did not yield significant gold values, we are seeing areas with some anomalous silver values and positive indicators of a possible epithermal source. These are just the assay results from the first two holes of a 10-hole drill program, and we expect to see assay results from the remaining 8 holes over the next 4-6 weeks. We are gaining valuable insight into the presence and type of Jurassic basement rocks in the NE-AOI area as well as the type and intensity of alteration present, which is informing our targeting model. El Zanjon is a grassroots project anchored in the thesis that the structural corridor hosting the low-sulphidation vein field at Cerro Vanguardia, one of the most extensive in the world, may continue under cover to the southeast onto the El Zanjon property. With every drill hole we are building a better understanding of that potential. " Hole EZD0001 and EZD0002 Results Holes EZD0001 and EZD0002 were drilled on a north oriented fence (Table 1) in area "NE-AOI" targeting east and east-southeast trending magnetic lineaments coincident with a large multi-element soil anomaly (Figures 1, 2). Both holes intersected basement volcanic rock at approximately 50m depth below surface, beneath approximately 20m of unconsolidated gravel and 30m of Tertiary marine sedimentary rock. Basement volcanic rock consists of strongly oxidised and clay altered coarsely amygdular andesite, followed by a pervasively sericite altered intermediate lithic tuff. The volcanic units encountered are believed to be part of the Middle to Upper Jurassic Chon Aike Formation, the same formation which hosts low-sulfidation gold-silver veins at AngloGold Ashanti's Cerro Vanguardia mine located 30km to the northwest. Fire assay results for EZD0001 and EZD0002 did not return any significant gold values. All samples returned values at or below the detection limit for gold (0.010 ppm). Locally anomalous silver values (2-11 ppm Ag) were encountered in both holes as narrow (0.5 to 4m wide) zones predominantly within the altered amygdular andesite (Table 2).

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