Sitka Gold Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2026) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQX: SITKF) ("Sitka" or the "Company") is pleased to announce that it has completed its previously announced accelerated acquisition of a 100% interest in the Clear Creek Property from the Receiver of Victoria Gold Corp., following the granting of an approval and vesting order by the Ontario Superior Court of Justice (Commercial List) on August 18, 2026. This transaction completes Sitka's acquisition of all of the properties comprising the contiguous 447-square-kilometre RC Go...

Drilling continues to demonstrate that gold mineralization extends well beyond the current Blackjack deposit, with hole 129 expanding mineralization 150 m east of the resource and hole 132 confirming broad higher-grade mineralization at depth below the current resource envelopeDDRCCC-26-132 intersected 218.6 m of 1.25 g/t gold, including 44.4 m of 3.86 g/t gold, and returned a second, separate interval of 92.7 metres of 1.14 g/t goldDDRCCC-26-129 intersected 118.0 m of 0.50 g/t gold, and 32.0 m of 1.44 g/t gold, and 55.0 m of 0.48 g/t goldSix drill rigs are currently turning on the Project at...

Sitka to accelerate its acquisition of a 100% interest in the Clear Creek Property from the Receiver of Victoria Gold Corp.This transaction completes Sitka’s acquisition of all of the properties comprising the contiguous 447-square-kilometre RC Gold Project in Yukon, consolidating Sitka's 100% ownership of the project.Sitka will pay $6 million in cash and deliver a 5.0% NSR royalty on the Clear Creek Property at closing. Sitka will retain the right to reduce the 5.0% NSR royalty on the Clear Creek Property to 2.0% by making a one-time cash payment of $10 million. Sitka will also hold a r...