Golden Horse Minerals Limited announced onsite exploration activities have safely recommenced, with three contractor drill rigs mobilised to site and commencing drilling activities at the Company's wholly-owned Southern Cross Gold Project located in Western Australia. Initial drilling activities are focused on the Company's flagship Hopes Hill Project, with two RC rigs positioned north of the Hopes Hill pit (past production of approx. 216koz of gold), while the DD rig is positioned on the south-western flank of the historic Hopes Hill pit targeting down-dip extensions of mined lodes.

Technical Discussion. RC drilling will immediately focus on an area <1km from the northern pit crest of the Hopes Hill pit, with over 40 holes of varying depths to 300m scheduled for drilling at broad spacing (80m x 80m). During the first half of CY2026, the overarching strategy of drilling at Hopes Hill will be to delineate consistent mineralisation across a defined strike length of over +2.5km2 trending from North of Hopes Hill into the historic Irene Betty prospect.

Further afield, there will be significant exploration programs encompassing the full suite of regional mapping, sampling, geophysical and geochemical processes in addition to early-stage drilling with air core and RC methods. Next steps: Hopes Hill: At the Hopes Hill Project, ongoing resource definition and growth drilling continues. Geological logging and assaying programs are ongoing, with results expected to be progressively released.

Regional program: Several regional targets are planned to be tested with RC drilling throughout CY2026, with additional exploration planned in the form of non-ground disturbing (e.g. airborne geophysics) and early stage (e.g. mapping & sampling) activities. Prospects at Southern Cross will progress through the Company's project pipeline for assessment, with additional information gained throughout CY2026 adding to the Company's existing knowledge base. Golden Horse will advise the market of drilling progress, including assay results and geological interpretations in a timely manner.

For and on behalf of the Board. Nicholas Anderson. Golden Horse Minerals Limited is a gold exploration company in Western Australia's Southern Cross region.

The Company is a gold exploration company inWestern Australia's Southern Cross region.