Walhalla Gold Provides Corporate and Exploration Update as District Discovery Strategy Advances

Walhalla Gold Corp. (CSE: WAU) (OTCQB: WAUXF) ("Walhalla Gold" or the "Company") is pleased to provide an update on the technical and corporate work undertaken since the Company's spinout and the appointment of Steven Jukes as Chief Executive Officer in July 2026. Over the past several weeks, Walhalla has focused intensively on building the technical and operating foundation required to advance its District Discovery Strategy in Victoria, Australia.

The Company has engaged RSC, a market leading geological consultant with critical Walhalla-Woods Point district knowledge, to support the review and integration of its extensive historical exploration dataset and provide technical input into target generation and prioritization. The strategy is designed to systematically evaluate the Company's extensive land position for the potential to define multiple projects across multiple mineral systems, including gold, antimony and broader critical mineral potential, summarised below.

Walhalla is also establishing an active presence in Victoria. CEO Steven Jukes has met with government representatives, visited the Company's project areas and engaged with industry stakeholders. The Company has also joined the Association of Mining and Exploration Companies ("AMEC"), strengthening its connectivity within Australia's exploration and mining industry.

Highlights Strengthening Team Capabilities: Walhalla is expanding its technical, exploration and stakeholder capabilities to support execution of the District Discovery Strategy, with further corporate updates expected in the near term as these initiatives advance.

District Discovery Strategy: Controlling approximately 1,230 km² across the Walhalla-Woods Point region, including the past producing Walhalla-Woods Point district (1.68 Moz at 37.9g/t Au), our District Discovery Strategy has been built to systematically evaluate multiple projects and mineral systems across gold, antimony and broader critical mineral potential .

Compelling Historical Data: Our extensive dataset includes significant historical drilling and geological data which is being re-evaluated to identify potential extensions and repeat structures. Critically, this also includes key geological markers of the highly productive Cohen's Reef mine which extended to approximately 1,120 metres below surface.

Multiple Target Areas: The geological learnings from our historical data is being applied across the broader land position to identify the most prospective targets which we will prioritize for systematic field programs.

Field Program Definition: Airborne and ground geophysics, LiDAR, remote sensing and AI- and machine learning-driven target generation will be deployed to systematically identify and prioritize opportunities across Walhalla's extensive land position.

Steve Jukes, Chief Executive Officer and Director, commented: "The extensive work undertaken over the past several weeks, both in the data and on the ground in Victoria, has strengthened our conviction in the opportunity at Walhalla. As we finalise our District Discovery Strategy, we are focused on applying what we learn from known mineral systems across the broader land position to generate and prioritize new opportunities . We are now moving from evaluation to field work planning and execution, with clearer exploration priorities and a growing pipeline of project opportunities across the district."

Walhalla's near-term focus is on advancing its field programs and translating the ongoing technical work into ranked exploration targets and defined work programs across the broader land position. As these initiatives advance, the Company expects to provide further updates on exploration priorities, field activities and the continued build-out of its technic...