Signal Gold Inc. announced that it has completed a 1,245-line kilometre airborne magnetic and very low frequency (?VLF?) electromagnetic survey over its recently expanded exploration land position immediately north of, and contiguous with, the Goldboro Project (?Goldboro?, or the ?Project?). The Company now has geophysical and VLF data over the entirety of its exploration property package of approximately 27,200 hectares (~272 km2) of prospective exploration land in the Goldboro Gold District. In addition, the Company has completed the compilation of historic geological and exploration data from the expanded property, which included databasing and the interpretation of more than 10,000 till and soil geochemical samples, 416-line kilometers of ground geophysics, 14 diamond drill holes, 116 reverse circulation drill holes, and more than 1,500 rock samples.

The preliminary analysis of the historical data along with recently completed airborne and ground geophysical surveys has led to the identification of an initial four high priority growth targets: the Stewart, Fowler, Armstrong and Hurricane targets. The Company is initiating exploration programs this spring which will further assess these prospective areas and develop specific drill targets, with the goal of identifying new discoveries while continue drilling the western extension of the Goldboro Deposit. The Company has used historical exploration data, in conjunction with recent ground Induced-Polarization (IP) surveys, to construct a robust model for regional exploration targeting.

This model has proved successful in recent drilling west of the current Mineral Resource at the Goldboro Deposit and towards the past producing Dolliver Mountain Gold Mine. Since 2023, the Company has conducted 3,945-line kilometres of airborne surveys which indicated numerous VLF anomalies consistent with exploration model and associated with both the Goldboro and Lower Seal Harbour Trends, which cover a combined 51 kilometers of strike potential, including areas with little to no previous exploration work. The Company will continue to evaluate the geophysical data recently acquired to determine if there are additional high priority targets.

A map showing the extent of an 1,245-line kilometRE airborne magnetic and VLF survey over the 7,771 hectare of newly acquired licenses, shown in pink, at the Goldboro Gold Project. This survey is in addition to a similar survey conducted over the remainder of the property in 2023. A map showing the extent the extent of airborne magnetic coverage over the entire property, including preliminary magnetic results from the recent airborne survey.

Also shown are the four key exploration target areas including the Stewart, Fowler, Armstrong, Armstrong and Hurricane targets. Operations began at the Dolliver Mountain Gold Mine in 1901 and the operation ceased in 1904.