TARGA PROVIDES UPDATE OBSERVATIONS AT EL ZANJON

About this update from Targa Exploration Corp.

CSE: TEX | OTCQB: TRGEF | FRA: V6Y VANCOUVER, BC, June 12, 2026 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) ("Targa" or the "Company") today provided an update to, and correction of, the drill core observations reported in its May 19, 2026 news release related to the Company's ongoing drill program at the El Zanjon gold-silver project in Santa Cruz, Argentina (the "Project"). Targa's recently appointed VP of Exploration, Ryan Weston (see May 25, 2026 press release), is currently at the El Zanjon project for an initial site visit. After thoroughly reviewing the drill core from drill hole EZD0001 with the project geologist, Mr.Weston has concluded that the visible gold reported at a depth of 105.9m and possible electrum at 110.05m in EZD0001 were misidentified. The mineralization in question has dulled in appearance since first observed and the Company now strongly believes there is no visible gold or electrum that can be observed in hole EZD0001. The Company has completed a review of its project safety, QA/QC, and sampling protocols from drilling through logging, core cutting, and sampling. While the Company believes that the procedures currently in place at the Project are appropriate and that the misidentification of the mineralization in hole EZD0001 was an isolated incident, the Company has updated its reporting protocols to reduce the risk of similar occurrences in the future. Drilling at El Zanjon is ongoing, with six drill holes now complete. Assay results from hole EZD0001 and hole EZD0002 are pending. The Company's exploration plans will continue to be evaluated based on assay results and ongoing technical assessment. Technical Disclosure The technical information contained in this news release has been reviewed and approved by Ryan Weston, P.Geo., Vice President of Exploration for Targa Exploration Corp., who is the Qualified Person for the El Zanjon project as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About Targa Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian exploration company engaged in the acquisition, exploration, and development of gold mineral properties with headquarters in Vancouver, British Columbia. The Company's focus is on early-stage projects in premier mining jurisdictions with strong ...

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