Signal Gold Inc. announced it will initiate further exploration drilling on the western extension of the Goldboro Deposit at the Company's Goldboro Project in Nova Scotia ("Goldboro", or the "Project"). The drill program, which will be comprised of up to 5,000 metres of diamond drilling, will follow-up on the Company's discovery in 2023 of near-surface, high-grade gold mineralization immediately west of the Goldboro Deposit, all located within the same anticline which hosts the Goldboro Deposit. Initial geological modelling of the gold mineralization identified in 2023 indicates the potential to delineate additional open-pit Mineral Resources, and the potential for further gold discoveries.

Selected composited highlights from previously reported drilling located within the western extension target area include: 26.09 g/t gold over 8.9 metres (105.5 to 114.4 metres) in hole BR-23-393 including 79.18 g/t gold over 0.5 metres and 371.59 g/t gold over 0.5 metres; 11.79 g/t gold over 4.1 metres (49.9 to 54.0 metres) in hole BR-23-386 including 47.23 g/t gold over 1.0 metres; 10.85 g/t gold over 1.3 metres (209.6 to 210.9 metres) in hole BR-23-395; 109.91 g/t gold over 0.5 metres (92.8 to 93.3 metres) in hole BR-23-399; 1.76 g/t gold over 2.4 metres (167.6 to 169.3 metres) in hole BR-23-399; 19.15 g/t gold over 1.2 metres (114.7 to 115.9 metres) in hole BR-23-388; 21.16 g/t gold over 0.7 metres (80.5 to 81.2 metres) in hole BR-23-397; and 2.44 g/t gold over 1.7 metres (167.6 to 169.3 metres) in hole BR-23-405. Drill results in 2023 conclusively demonstrate continuous gold mineralization between the western extent of the Goldboro Deposit and the past producing Dolliver Mountain Mine, bringing the total strike length of known mineralization to 3.4 kilometres. Further drilling success of the western extension of Goldboro could potentially result in additional open-pit Mineral Resources that could leverage planned mine and mill infrastructure.