Sitka Gold Strengthens Board of Directors with Appointment of Samantha Shorter

Sitka Gold advances drilling at RC Gold and adds an experienced audit chair to its board.

What the company is saying

Sitka Gold Corp. (TSXV:SIG, FSE:1RF, OTCQX:SITKF) announces the immediate appointment of Samantha Shorter as an independent director and Chair of the Audit Committee. The company highlights her 19 years of executive, financial compliance, and analysis experience, including international work in Brazil and Mexico, and her roles at Davidson & Company LLP and Red Fern Consulting Ltd. CEO Cor Coe frames Shorter's appointment as strengthening financial oversight as Sitka enters a new growth phase. The release emphasizes operational progress at the RC Gold Project, with 135 holes and over 56,000 metres drilled this year as part of a 60,000 metre program, and six drills currently active. The company details recent results, including a standout intercept at Blackjack (141.5 m of 1.93 g/t gold, with 80.6 m at 3.20 g/t and 6.0 m at 9.46 g/t), and notes that 79 drill hole assays are pending. Sitka also outlines upcoming conference participation and reiterates its focus on expanding the RC Gold resource and spinning out other projects.

What the data suggests

The appointment of Samantha Shorter brings a documented 19 years of relevant financial and mining sector experience, including six years managing mining audits and 13 years as a consulting principal. At RC Gold, 135 holes totaling over 56,000 metres have been drilled in 2026, nearing the 60,000 metre target, with six rigs operating. Results for 56 holes have been released, including high-grade intercepts at Blackjack (up to 9.46 g/t gold over 6.0 m), while 79 holes await assay results. The project hosts an indicated resource of 1,291,000 ounces and an inferred resource of 3,829,000 ounces of gold, based on pit-constrained models with detailed cost and recovery assumptions (e.g., US$2000/oz for Blackjack, US$3000/oz for Rhosgobel/Eiger, 85% recovery, mining costs of US$2.00–2.50/t, processing US$10.00–14.00/t, G&A US$4.00/t, 0.3 g/t cut-off). The company is actively expanding all three deposits and testing new targets. No financials, cash position, or period-over-period comparisons are provided, but operational disclosure is detailed and specific.

Analysis

The announcement combines a factual board appointment with a detailed operational update on the RC Gold Project. The tone is positive but remains proportionate to the disclosed progress: 135 holes and over 56,000 metres have been drilled this year, with 56 results released and 79 assays pending. The resource estimates and drill results are specific and credible for an exploration-stage company, and the operational milestones (drilling progress, resource size, and pending assays) are clearly stated. Forward-looking statements (e.g., plans to expand deposits, pending assays, and upcoming conferences) are present but do not dominate the narrative. The capital intensity is high due to the scale of the ongoing 60,000 metre drill program, but this is typical for a junior explorer and is matched by concrete operational progress. There is no evidence of narrative inflation or exaggerated claims; the language is factual and supported by disclosed data.

Risk flags

• ●Pending assay results for 79 drill holes introduce uncertainty regarding the continuity and grade of mineralization, which could materially affect the resource base and future project economics.
• ●Resource estimates rely on optimistic gold price assumptions (US$2000/oz for Blackjack, US$3000/oz for Rhosgobel/Eiger) and high metallurgical recovery (85%), which may not be sustainable if market conditions change, potentially impacting project viability.
• ●The company is undertaking a large-scale, capital-intensive drill program (60,000 metres), which requires sustained funding and operational execution; cost overruns or delays could strain resources or dilute shareholders if additional capital is needed.

Bottom line

Sitka Gold is executing a large-scale drill program at its 100% owned RC Gold Project in Yukon, with over 56,000 metres drilled and 79 assays pending, aiming to expand its indicated and inferred gold resources. The appointment of Samantha Shorter as independent director and Audit Committee Chair adds significant sector-specific financial oversight, which may strengthen governance as the company advances. The disclosed drill results, especially at Blackjack, are strong, but the ultimate value depends on the pending assays and market conditions relative to the optimistic gold price assumptions used in resource modeling. Investors should focus on the results of the remaining assays and any updates to resource estimates or technical studies. The most important takeaway is that Sitka is nearing completion of a major drill campaign, with near-term catalysts tied to assay releases and potential resource growth.

Announcement summary

(TSXV:SIG) (FSE:1RF) (OTCQX:SITKF) Sitka Gold Corp. has appointed Samantha Shorter as an independent director to its Board of Directors, and she will also serve as Chair of the Audit Committee. Ms. Shorter brings 19 years of experience in executive leadership, financial compliance, and financial analysis for public and private companies, including international operations in Brazil and underground mining in Mexico. She spent six years at Davidson & Company LLP managing mining-focused audit engagements and 13 years as a principal at Red Fern Consulting Ltd. Ms. Shorter holds a BCom (Hons) from the University of British Columbia and is a CPA (CPABC). Cor Coe, CEO and Director of Sitka Gold, stated that Ms. Shorter's financial leadership and audit experience in the mineral resource sector make her an excellent fit for the Board and Audit Committee. At the RC Gold Project, a total of 135 holes comprising over 56,000 metres have been drilled to date this year as part of a planned 60,000 metre diamond drill program, with six drills currently operating. Results for 56 drill holes have been released, including Hole DDRCCC-26-133 at Blackjack, which intersected 141.5 m of 1.93 g/t gold, including 80.6 m of 3.20 g/t gold and 6.0 m of 9.46 g/t gold. Assay results are pending for the remaining 79 completed diamond drill holes and those currently being drilled. Sitka Gold will be attending and/or presenting at several upcoming events, including Nordic Funds and Mines in Stockholm, Sweden (October 15-16, 2026), Yukon Geoscience Forum in Whitehorse, Yukon (November 16-19, 2026), 121 Mining Investment Conference in London, England (November 23-24, 2026), Vancouver Resource Investment Conference in Vancouver, BC (January 24-25, 2027), and AME RoundUp in Vancouver, BC (January 25-28, 2027). Sitka Gold is advancing its 100% owned, 447 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The company has also announced plans to spin out the Alpha Gold Project in Nevada and the Burro Creek Gold and Silver Project in Arizona into a new exploration company. The RC Gold Project hosts an indicated mineral resource estimate (MRE) of 1,291,000 ounces of gold and an inferred MRE of 3,829,000 ounces of gold, hosted within three at-surface, road-accessible pit-constrained deposits. The 60,000 metre drill program planned for 2026 is focused on expanding all three known deposits and testing other high potential targets near the current resources. The Blackjack resource estimate uses an optimized pit shell with assumptions including a US$2000/oz gold price, 45° pit slope, 85% metallurgical recovery, mining costs of US$2.00 per tonne, processing costs of US$10.00 per tonne, and G&A of US$4.00/t, with a base case cut-off of 0.3 g/t Au. The Rhosgobel and Eiger resource estimates use an optimized pit shell with a US$3000/oz gold price, 45° pit slope, 85% metallurgical recovery, mining costs of US$2.50 per tonne, processing costs of US$14.00 per tonne, and G&A of US$4.00/t, with a base case cut-off of 0.3 g/t Au based on a gold price of US$2500/oz.

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