• High-grade gold intercepts confirm strong continuity at the Road Cut Zone with multiple parallel shears traced along the Contact Zone Fault
• Drilling continues to expand mineralisation at the Jagger Zone, confirming gold-bearing shears to depths exceeding 240 m and reinforcing the strength of Kobo’s structural model
• Ongoing 12,000–15,000 m program advancing toward Kobo’s maiden Mineral Resource Estimate, with two rigs active and geological modelling underway across priority targets

Kobo Resources Inc. (‘ Kobo’ or the ‘ Company ‘) ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Jagger and Road Cut Zones at its 100%-owned Kossou Gold Project (‘ Kossou ‘) in Côte d’Ivoire, West Africa. The new results continue to confirm strong continuity of high-grade gold mineralisation at Kossou and enhance the Company’s confidence in the emerging scale and potential of its highly prospective target areas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251008273472/en/

Diamond Drill Results Highlights:

Road Cut Zone:

• KDD0095
  • 17.0 metres (‘m’) at 3.87 g/t Au from 22.0, including 9.0 m at 6.84 g/t Au, from 23.0 m
• KDD0098
  • 6.0 m at 1.48 g/t Au from 157.0 m
• KDD0099
  • 5.0 m at 2.82 g/t Au from 170.0 m (Contact Zone Target)

Jagger Zone

• KDD0096
  • 4.0 m at 1.48 g/t Au from 21.0 m
  • 3.0 m at 2.34 g/t Au from 31.0 m
  • 5.0 m at 1.41 g/t Au from 106.0 m
• KDD0097
  • 4.0 m at 2.30 g/t Au from 240.0 m
  • 6.0 m at 1.52 g/t Au from 350.0 m

These results represent the first six holes from Kobo’s ongoing 12,000–15,000 m diamond drilling program launched on September 4, 2025. The current campaign is focused on systematically expanding known mineralized zones at the Jagger and Road Cut Zones while testing the interpreted structural corridor that links them. Drilling is also continuing to evaluate the Contact Zone Fault ‘( CZ Fault ‘), an important regional structure believed to provide deep fluid pathways for gold mineralisation at Kossou.

Edward Gosselin, CEO and Director of Kobo commented: ‘The latest intersections continue to demonstrate the strength of gold mineralisation within the Road Cut and Jagger structural zones. These results are confirming the continuity of gold-bearing shears and the importance of the Contact Zone Fault as a potential regional control on mineralisation. Particularly, the consistency of gold mineralisation at the Jagger Zone, from surface to greater than 180 m depth, highlights the continuity and strength of the system.’ He continued: ‘Ongoing drilling will allow us to further test these controls, define extensions along strike and at depth, and continue building a comprehensive geological model for Kossou as we progress toward a maiden Resource Estimate on the project.’

Road Cut Zone Highlights

KDD0095, KDD0098, and KDD0099 were drilled along a 150-metre strike length on Sections RCZ500, RCZ600, and RCZ650 (see Figure 1 for drill-hole locations). Full assay results are presented in Table 1 .

The most significant intersection was returned from KDD0095 on Section RCZ500, averaging 17.0 m at 3.87 g/t Au from 22.0 m, including 9.0 m at 6.84 g/t Au from 23.0 m (see Figure 2 and Figure 3). This intercept occurs approximately 20 m beneath artisanal workings and is hosted within a shear zone previously intersected in KDD0012 (11.0 m at 1.71 g/t Au) and KDD0091 (15.55 m at 2.30 g/t Au) . The shear zone parallels the main CZ Fault and lies roughly 60 m west of this structure, suggesting a close spatial and structural relationship.

KDD0098 , drilled on Section RCZ600 , intersected 6.0 m at 1.48 g/t Au from 157.0 m within a shear zone exhibiting typical alteration and quartz veining approximately 12.0 m from the CZ Fault. The mineralisation occurs about 120.0 m below surface. Several additional lower-grade intervals were also intersected within 50.0 m of the CZ Fault in sheared basalt (see Figure 4).

KDD0099 , located approximately 50 m south of KDD0098 on Section RCZ650, intersected 5.0 m at 2.82 g/t Au from 170.0 m directly on the CZ Fault, confirming the presence of gold mineralisation along this important regional structure (see Figure 5).

The intensity of shearing, alteration and quartz veining in the three drill holes in the vicinity of the artisanal mine and CZ Fault is very encouraging for further gold mineralisation and will be further tested with additional diamond drilling.

Jagger Zone Highlights

KDD0094 , KDD0096 , and KDD0097 were drilled on Section JZ600 to evaluate the core mineralisation previously identified and to test the continuity of Structure JZ6 near surface and at depth (see Figures 6 and 7).

KDD0096 intersected 5.0 m at 1.41 g/t Au associated with Structure JZ6, approximately 65 m below surface. KDD0097 , which targeted the 8.0 m at 3.72 g/t Au intersection in KDD0028 at depth, returned 2.0 m at 0.58 g/t Au . Drilling confirms that well-defined shears extend to at least 240 m below surface, with gold grades corresponding to the density of quartz veining within these structures.

Additional intersections of 4.0 m at 2.30 g/t Au and 6.0 m at 1.52 g/t Au in KDD0097 , associated with Structures JZ1 and JZ4 respectively, demonstrate good continuity between 150 m and 180 m depth along the shear zones. These results further validate the Company’s structural model, indicating that gold mineralisation is hosted within a series of steep, westerly dipping shears closely associated with quartz-feldspar porphyry and diorite intrusives within the basaltic volcanic sequence.

Next Steps: Progressing the 2025 Drill Program and Advancing Resource Definition at Kossou

To date, the Company has completed nine diamond drill holes (2,016 m) of a planned 15-hole program (3,600 m) at the Road Cut Zone, and eight holes (2,820 m) of 23 planned holes (11,300 m) at the Jagger and Jagger South Zones. Two drill rigs remain active on site, with drilling continuing to test extensions along strike and at depth across both zones.

Geological modelling of the Jagger and Road Cut Zones is ongoing, with new data being integrated to refine the Company’s structural interpretation and support the definition of mineralized envelopes in advance of Kossou’s maiden mineral resource estimate.

Table 1: Summary of Significant Diamond Drill Hole Results

An accurate dip and strike and controls of mineralisation are unconfirmed and mineralised zones are reported as downhole lengths. Drill holes are planned to intersect mineralised zones perpendicular to interpreted targets. All intercepts reported are downhole distances as true width is unknown.

Sampling, QA/QC, and Analytical Procedures

Drill core was logged and sampled by Kobo personnel at site. Drill cores were sawn in half, with one half remaining in the core box and the other half secured into new plastic sample bags with sample number tickets. Core samples are drilled using HQ core barrels to below the level of oxidation and then reduced to NQ core barrels for the remainder of the bore hole. Samples are transported to the SGS Côte d’Ivoire facility in Yamoussoukro by Kobo personnel where the entire sample was prepared for analysis (prep code PRP86/PRP94). Sample splits of 50 grams were then analysed for gold using 50g Fire Assay as per SGS Geochem Method FAA505. QA/QC procedures for the drill program include insertion of a certificated standards every 20 samples, a blank every 20 samples and a duplicate sample every 20 samples. All QAQC control samples returned values within acceptable limits.

Review of Technical Information

The scientific and technical information in this press release has been reviewed and approved by Paul Sarjeant, P.Geo., who is a Qualified Persons as defined in National Instrument 43-101. Mr. Sarjeant is the President and Chief Operating Officer and Director of Kobo.

About Kobo Resources Inc.

Kobo Resources is a growth-focused gold exploration company with a compelling new gold discovery in Côte d’Ivoire, one of West Africa’s most prolific and developing gold districts, hosting several multi-million-ounce gold mines. The Company’s 100%-owned Kossou Gold Project is located approximately 20 km northwest of the capital city of Yamoussoukro and is directly adjacent to one of the region’s largest gold mines with established processing facilities.

With over 18,500 metres of diamond drilling, nearly 5,900 metres of reverse circulation (RC) drilling, and 5,900 metres of trenching completed since 2023, Kobo has made significant progress in defining the scale and prospectivity of its Kossou’s Gold Project. Exploration has focused on multiple high-priority targets within a 9+ km strike length of highly prospective gold-in-soil geochemical anomalies, with drilling confirming extensive mineralisation at the Jagger, Road Cut, and Kadie Zones. The latest phase of drilling has further refined structural controls on gold mineralisation, setting the stage for the next phase of systematic exploration and resource development.

Beyond Kossou, the Company is advancing exploration at its Kotobi Permit and is actively expanding its land position in Côte d’Ivoire with prospective ground, aligning with its strategic vision for long-term growth in-country. Kobo remains committed to identifying and developing new opportunities to enhance its exploration portfolio within highly prospective gold regions of West Africa. Kobo offers investors the exciting combination of high-quality gold prospects led by an experienced leadership team with in-country experience. Kobo’s common shares trade on the TSX Venture Exchange under the symbol ‘KRI’. For more information, please visit www.koboresources.com .

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement on Forward-looking Information:

This news release contains ‘forward-looking information’ and ‘forward-looking statements’ (collectively, ‘forward-looking statements’) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as ‘expects’, or ‘does not expect’, ‘is expected’, ‘anticipates’ or ‘does not anticipate’, ‘plans’, ‘budget’, ‘scheduled’, ‘forecasts’, ‘estimates’, ‘believes’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, Kobo assumes no obligation and/or liability to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20251008273472/en/

For further information, please contact:

Edward Gosselin
Chief Executive Officer and Director
1-418-609-3587
ir@kobores.com

Twitter: @KoboResources | LinkedIn: Kobo Resources Inc.

Golconda Gold Ltd. (‘Golconda Gold’ or the ‘Company’) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce production of 3,588 ounces of gold for the third quarter of 2025 (‘Q3’) at its Galaxy Gold Mine (‘Galaxy’), an 18% increase in gold production compared to Q2 2025 and a 51% increase compared to Q3 2024.

The Q3 production numbers are as follow:

Golconda Gold CEO, Ravi Sood commented: ‘Galaxy achieved record gold production in Q3, totalling 3,588 ounces of gold, an 18% increase on Q2 2025 and a 51% increase on Q3 2024. This was largely due to increased ore mined from the Princeton orebody, increasing 81% compared to Q2 2025 due to commencing mining at the Princeton Top section during the quarter. Production in the first three quarters of 2025 is 74% ahead of the same period in 2024. With the materially higher gold price, the Company is generating significant operational cash flow and continues to de-leverage its balance sheet and invest in further expansion at Galaxy, including refurbishment of the existing sub-vertical shaft and associated infrastructure to allow mining on a second level at the Galaxy ore body by the end of 2025, adding an additional ore source to the processing plant, which has significant spare capacity ¹ .’

About Golconda Gold

Golconda Gold is an un-hedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol ‘GG’ and the OTCQB under the symbol ‘GGGOF’. Golconda Gold’s management team is comprised of senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programmes. Golconda Gold is committed to operating at world-class standards and is focused on the safety of its employees, respecting the environment, and contributing to the communities in which it operates.

Note:
(1) This is forward-looking information and is based on a number of assumptions. See ‘Cautionary Notes’.

Cautionary Notes

Certain statements contained in this press release constitute ‘forward-looking statements’. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding the Company’s expectation that mining on a second level of the Galaxy ore body will start by the end of 2025, the Company’s future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words ‘believe’, ‘expect’, ‘aim’, ‘intend’, ‘plan’, ‘continue’, ‘will’, ‘may’, ‘would’, ‘anticipate’, ‘estimate’, ‘forecast’, ‘predict’, ‘project’, ‘seek’, ‘should’ or similar expressions or the negative thereof, are forward-looking statements. These statements are not historical facts but instead represent only the Company’s expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.

Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company’s management’s discussion and analysis for the year ended December 31, 2024. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.

Information of a technical and scientific nature that forms the basis of the disclosure in the press release has been approved by Kevin Crossling Pr. Sci. Nat., MAusIMM. Geological Consultant for Golconda Gold, and a ‘qualified person’ as defined by National Instrument 43-101. Mr. Crossling has verified the technical and scientific data disclosed herein and has conducted appropriate verification on the underlying data.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:
Ravi Sood
CEO, Golconda Gold Ltd.
+1 (647) 987-7663
ravi@golcondagold.com
www.golcondagold.com

Homerun Resources Inc. (TSXV: HMR,OTC:HMRFF) (OTCQB: HMRFF) (‘Homerun’ or the ‘Company’) is pleased to announce that our technical partners in the Belmonte (BA) Solar Glass Manufacturing project have confirmed that the exceptional purity of the silica sand from the Company’s resources in the Santa Maria Eterna District will allow the Company to offer customers a portfolio of solar glass that is 100% free of added antimony compounds.

In traditional solar glass manufacturing, antimony improves refining, prevents oxidation of iron ions, resulting in higher transmittance and fewer defects. However, the global solar industry is at an inflection point. Concerns are rising about the environmental toxicity and recyclability challenges posed by antimony, a heavy metal flagged by the USEPA as hazardous at even minuscule concentrations. Leading regulatory bodies in Europe and the U.S. are increasingly emphasizing antimony-free standards for solar glass, with Germany’s latest PV manufacturing guidelines and the EU’s Ecolabel directive setting new environmental boundaries for imported and locally produced panels.

Homerun’s technical partners advise that the Company will produce solar glass that is 100% free of added antimony from the initiation of production. Equipment and furnace design are already prepared, with the same or less CAPEX required. Operational adjustments are minor and within the existing specifications and should result in reduced OPEX since antimony substitutes are less costly. This is only possible because of the exceptionally low oxidizable iron ions levels, below 20ppm, of the Company’s HPQ silica sand in Santa Maria Eterna, Belmonte, Bahia, Brazil.

Bans and restrictions on antimony use in solar glass are increasing global demand for high-purity, low-iron silica sand as glassmakers shift to safer, more sustainable feedstocks that can deliver the required optical clarity and durability without chemical additives. As antimony-free manufacturing becomes the industry standard, only silica sand with extremely low iron content is suitable for premium solar glass. This should add demand and add increased value in the marketplace for these scarce low iron feedstocks.

This innovation comes at a crucial moment for the global solar sector. Demand for cleaner PV technologies is soaring, as industry analysts anticipate solar module and glass waste volumes reaching 1.5-1.7 million tons by 2030, with antimony residues presenting long-term risks for people and ecosystems. The ability to supply 100% antimony-free solar glass positions Homerun Resources as a market leader delivering both superior performance and uncompromising health and environmental standards and developing complete recycling toward a true circular solar economy.

‘Starting our operations without adding antimony represents a decisive economic and environmental milestone for Homerun. By leveraging the exceptional purity of our silica sand resources, we can combine cutting-edge technology with the highest standards of environmental responsibility, positioning the Company as a leader in the global solar glass industry,’ stated Odir Pedrazzi, Vice-President of Operations for Homerun.

Independent test results from institutions like Switzerland’s SPF confirm that antimony-free solar glass offers the highest efficiency and resilience against photo-degradation among all major glass formats. [1]

Sources: [1] https://borosilrenewables.com/product/nosbera-antimony-free-solar-glass

About Homerun (www.homerunresources.com)

Homerun (TSXV: HMR,OTC:HMRFF) is a vertically integrated materials leader revolutionizing green energy solutions through advanced silica technologies. As an emerging force outside of China for high-purity quartz (HPQ) silica innovation, the Company controls the full industrial vertical from raw material extraction to cutting-edge solar, battery and energy storage solutions. Our dual-engine vertical integration strategy combines:

Homerun Advanced Materials

• Utilizing Homerun’s robust supply of high purity silica sand and quartz silica materials to facilitate domestic and international sales of processed silica through the development of a 120,000 tpy processing plant.

• Pioneering zero-waste thermoelectric purification and advanced materials processing technologies with University of California – Davis.

Homerun Energy Solutions

• Building Latin America’s first dedicated high-efficiency, 365,000 tpy solar glass manufacturing facility and pioneering new solar technologies based on years of experience as an industry leader in developing photovoltaic technologies with a specialization in perovskite photovoltaics.

• European leader in the marketing, distribution and sales of alternative energy solutions into the commercial and industrial segments (B2B).

• Commercializing Artificial Intelligence (AI) Energy Management and Control System Solutions (hardware and software) for energy capture, energy storage and efficient energy use.

• Partnering with U.S. Dept. of Energy/NREL on the development of the Enduring long-duration energy storage system utilizing the Company’s high-purity silica sand for industrial heat and electricity arbitrage and complementary silica purification.

With multiple profit centers built within the vertical strategy and all gaining economic advantage utilizing the Company’s HPQ silica, across, solar, battery and energy storage solutions, Homerun is positioned to capitalize on high-growth global energy transition markets. The 3-phase development plan has achieved all key milestones in a timely manner, including government partnerships, scalable logistical market access, and breakthrough IP in advanced materials processing and energy solutions.

Homerun maintains an uncompromising commitment to ESG principles, deploying the cleanest and most sustainable production technologies across all operations while benefiting the people in the communities where the Company operates. As we advance revenue generation and vertical integration in 2025, the Company continues to deliver shareholder value through strategic execution within the unstoppable global energy transition.

On behalf of the Board of Directors of
Homerun Resources Inc.

‘Brian Leeners’

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains ‘forward-looking statements’ within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be ‘forward-looking statements’.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269592