Signal Gold Inc. announced that it has received final assays for the recently completed geotechnical drill program at the Goldboro Project in Nova Scotia ("Goldboro", or the "Project"), as previously announced on September 20, 2023. The recently completed geotechnical drilling program comprised 1,357 metres in seven (7) HQ-diameter diamond drill holes to support the design of the proposed open pits from the Goldboro Feasibility Study filed on January 20, 2022. During the summer of 2023, the Company completed 1,357 metres of drilling in seven (7) HQ -diameter diamond drill holes (BR-23-391, 394, 396, 398, 400, 401 and 403) that were designed to further support pit slope design of the conceptual East and West open pits as outlined in the 2022 Feasibility Study.

Each of these drill holes were collared near or within the proposed open pits and intersected visual alteration and quartz veining coincident with existing mineralization zones within the Goldboro Deposit. Terane Geoscience is currently completing slope stability and design studies based on these drill holes and resultant data.