Tiger Gold Completes First Option Payment To Acquire Multi-Million-Ounce Quinchía Gold Project And Becomes Operator

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - June 16, 2025) - Tiger Gold Corp. ("Tiger Gold" or the "Company") is pleased to announce that it has completed the first option payment under its option agreement with LCL Resources Limited ("LCL") to acquire the Quinchía Gold Project and the Andes Gold Project, located in Colombia's prolific Mid-Cauca Gold Belt, and Tiger Gold has been appointed Operator following the satisfaction of all conditions and the completion of such first option payment.

"This is an important step towards completing what we expect will be a transformational acquisition for Tiger. The Quinchía and Andes gold projects provide a rare combination of near-term development potential, district-scale opportunity, and significant exploration upside within a proven gold belt," said Tiger Gold President and Chief Executive Officer Robert Vallis. "With regulatory approvals secured, the first option payment made, operatorship now in our hands, and all conditions precedent to exercising the option satisfied, our team is now updating mineral resources and intends to commence a Preliminary Economic Assessment (PEA) imminently based upon updated mineral resources. This will provide an initial evaluation of the project's current status, valuation, and economic potential while informing our next steps on our path towards a production decision."

Highlights

• Tiger Gold Appointed Operator: With all approvals in place and the first option payment completed, Tiger is now the operator of the Quinchía and Andes Projects.

• Large Historical Gold Resource: Historical estimates total more than 2 million ounces of gold across the Miraflores, Tesorito, and Dosquebradas deposits.^[1]

• Established Mining District: Located in Colombia's Mid-Cauca Belt, a prolific gold and copper producing region.^[2]

• Permitted for Underground Development: Miraflores has an Approved Environmental License ^[3] and Mining Technical Work Program (PTO)^[4]

• Substantial Open Pit Potential: All deposits mineralized to surface and remain open at depth, providing significant exploration upside potential and supporting flexible production scenarios.

• District-Scale Growth Potential: Multiple satellite drill-ready exploration targets and new gold-copper discoveries.

• Strong Community Support: 2022 Colombian Gold Symposium's ESG Award winner^[5]

• Exceptional Value Opportunity: Option to acquire Quinchía and Andes gold projects from LCL for AUD $14 million (~CAD $12.6 million) through staged payments under a low-risk option structure.

• Updated Mineral Resources and PEA Underway: Historical data verification activities underway to be followed by updated mineral resources to form the basis for a PEA.

This milestone marks the formal commencement of Tiger Gold as operator, positioning the Company to immediately advance development and exploration activities across its high-potential district-scale gold projects. Tiger Gold's operating control follows overwhelming support from LCL shareholders voting 93% in favour of the Transaction at their Annual General Meeting on June 9, 2025 and Tiger making the first $1 million AUD cash Option payment. The Company is moving swiftly to update mineral resources and complete a Preliminary Economic Assessment (PEA). Tiger Gold also intends to initiate exploration programs, and advance all other technical areas of the project including permitting and stakeholder engagement.

Details regarding the historical mineral resources and reserves estimates are specified below in the section titled "Historical Mineral Resource and Reserve Disclosure".

The total consideration payable under the Agreement is $14 million Australian dollars (AUD) ($12.6 million Canadian dollars (CAD)), which includes $7.5 million Australian dollars ($6.75 million CAD) in staged cash payments, following which title transfers, and a $6.5 million AUD ($5.85 million CAD) contingent production milestone payment, plus a 1% net smelter returns royalty ("NSR") inclusive of a buyback option.

Key Terms:

• AUD $1 million (CAD $0.9 million) (Paid), (the "Operator Date");

• AUD $2 million (CAD $1.8 million) payable eight months following the Operator Date;

• AUD $4.5 million (CAD $4.0 million) payable twelve months following the Operator Date;

• AUD $6.5 million (CAD $5.85 million ) due at first gold pour; and

• a 1% NSR on future gold production from the Quinchía Project.

Historical Mineral Resource and Reserve Disclosure

While these estimates were reportedly prepared in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ("JORC Code") (2012) and/or CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines ("CIM Guidelines") in effect at the time, consistency with current standards is not assured. The Company considers these historical estimates to be relevant as they indicate the potential presence and scale of mineralization on the Quinchía Gold Project.

The Company intends to undertake work programs to verify the historical data, assumptions, parameters, and modelling techniques used in the Miraflores, Tesorito, and Dosquebradas historical estimates, which are summarized below. Planned work programs for all three deposits described herein include sampling of historical core to confirm grades, database validation and verification to ensure data integrity, check surveys to verify drill hole locations, and updated resource modeling to align with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and CIM Guidelines.

Miraflores Deposit - Historical Estimate

Source and Date: The historical Mineral Resource estimate for the Miraflores Deposit was prepared by Metal Mining Consultants and reported by Metminco Limited on March 14, 2017, in accordance with the JORC Code (2012). A subsequent feasibility study containing a historical mineral reserve estimate was prepared by Ausenco Chile Ltda for Metminco Limited and Miraflores Compañía Minera SAS, with an effective date of November 27, 2017.

Miraflores Historical Estimate Details:

• Proven & Probable: 4.32 million tonnes @ 3.29 g/t Au and 2.77 g/t Ag (containing 457,000 oz Au and 385,000 oz Ag)

• Measured & Indicated: 9.27 million tonnes @ 2.82 g/t Au and 2.77 g/t Ag (containing 840,000 oz Au and 826,000 oz Ag)

• Inferred: 0.49 million tonnes @ 2.36 g/t Au and 3.64 g/t Ag (containing 37,000 oz Au and 57,000 oz Ag)

Key Assumptions, Parameters, Methods: Resource based upon 73 diamond drill holes (25,884 m) and 236 m of underground channel samples using an underground cut-off grade of 1.2 g/t Au. Reserve based upon a gold price of US$1,200/oz, silver price of US$18/oz, 31% dilution, and 92% gold recovery, utilizing a cut-off grade of 1.53 g/t Au. Stope optimization used Vulcan software and final underground design. Mineral Resources were reported inclusive of Mineral Reserves. A QP has not done sufficient work to classify these historical estimates as current mineral resources or reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves. The resource remains open at depth and laterally along a northwest-southeast corridor

Tesorito Deposit - Historical Estimate

Source and Date: The historical Mineral Resource estimate for the Tesorito Deposit was prepared by Snowden Optiro (Datamine Australia Pty. Ltd) with an effective date of March 22, 2022, prepared in accordance with the JORC Code (2012), and reported by Los Cerros Limited.

Tesorito Historical Estimate Details: Inferred: 50.0 million tonnes @ 0.81 g/t Au (containing 1,298,000 oz Au) using a 0.5 g/t Au cut-off. An additional estimate at 0.25 g/t cut-off: 134.3 million tonnes @ 0.53 g/t Au for 2.29 Moz Au was also reported. A QP has not done sufficient work to classify these historical estimates as current mineral resources or reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves.

Key Assumptions, Parameters, Methods: Based upon 58 historical diamond drillholes (22,620 m). Pit optimization assumed US$1,800/oz gold price and other economic constraints. The resource remains open at depth, southeast, and laterally.

Dosquebradas Deposit - Historical Estimate

Source and Date: The historical Mineral Resource estimate for the Dosquebradas Deposit was prepared by Resource Development Associates Inc. (RDA) with an effective date of February 25, 2020, prepared in accordance with the JORC Code (2012), and reported by Los Cerros Limited.

Dosquebradas Historical Estimate Details: Inferred: 20.2 million tonnes @ 0.71 g/t Au (containing 459,000 oz Au) using a 0.5 g/t Au cut-off. A Qualified Person (QP) has not done sufficient work to classify these historical estimates as current mineral resources or reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves.

Key Assumptions, Parameters, Methods: Based upon 19 historical diamond drillholes (8,824 m) with 25 m section spacing, defining mineralization over a 400 m x 300 m area from surface to ~550 m depth. Hosted in diorite porphyry and intrusive breccias. The resource remains open at depth and laterally.

Qualified Person

Robert Vallis, P. Eng, MBA, a Qualified Person as defined by NI 43-101, has reviewed and approved the pertinent scientific and technical information in this news release. Mr. Vallis is the President, Chief Executive Officer and a director of the Company and is not independent of the Company.

About Tiger Gold

Tiger Gold Corp. is a growth-oriented mining exploration and development company focused on advancing high-potential precious metals assets in the Americas. The company is led by a multidisciplinary team of experienced professionals in geology, mining engineering, and corporate finance, with backgrounds at globally recognized mining companies including AngloGold Ashanti Limited, Barrick Gold Corporation, Yamana Gold Inc., Alamos Gold Inc., and B2Gold Corp. President and CEO, Robert Vallis, brings a strong record of strategic leadership and execution in the mining sector, including his role in the US$9.5 billion acquisition and integration of Placer Dome Inc. by Barrick, as well as the US$3.9 billion joint acquisition of Osisko Mining by Yamana and Agnico Eagle Mines Limited.

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