The Erongo Gold Project Update

Rhea-AI Summary

Antler Gold (ALRGF) announced a settlement terminating the definitive asset purchase and sale agreement for the Erongo Central Gold Project in Namibia, effective March 16, 2026.

Antler Namibia now owns the Erongo Project, which comprises five contiguous licenses covering 185 km2, including 28 km of prospective strike and a border with the Twin Hills mining license (3.1 Moz). The settlement was reached without any admission of liability, and Antler Namibia will consider next steps in an internal strategic review.

Positive

• Antler Namibia retains ownership of the Erongo Project covering 185 km2
• Project contains 28 km of prospective strike and borders Twin Hills ML (3.1 Moz)

Negative

• None.

Halifax, Nova Scotia--(Newsfile Corp. - March 16, 2026) - Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to announce that it has reached a settlement to terminate the definitive asset purchase and sale agreement dated September 18, 2024, as amended on December 5, 2024 among Antler, its subsidiary, Antler Gold Namibia (Proprietary) Limited ("Antler Namibia") and Fortress Asset Management LLC, as assigned to Fortress Gold Ltd. for the Erongo Central Gold Project (the "Erongo Project") in Namibia. The settlement was made without any admission of liability by any party.

The Erongo Project is comprised of five contiguous licenses in highly prospective areas of the Damara Mobile Belt covering a total area of 185 km². This includes 28 km of prospective strike length with the same stratigraphy that hosts the Osino Resources Twin Hills deposit. Antler's EPL 8010 borders with the Twin Hills Mining License (3.1 Moz).

Antler Namibia now owns the Erongo Project and intends to consider next steps for it as part of its ongoing internal strategic review process.

About Antler Gold Inc.

Antler Gold Inc. (TSXV: ANTL) is a Canadian listed mineral exploration company currently focused on the acquisition and exploration of mineral projects in Africa's top-ranked jurisdictions.

Cautionary Statements

This press release may contain forward-looking information, such as statements regarding the termination of the Agreement and future plans and objectives of Antler and its subsidiaries, Antler Gold Namibia and others in relation to the Project. This information is based on current expectations and assumptions (including assumptions in connection with the continuance of the applicable company as a going concern and general economic and market conditions) that are subject to significant risks and uncertainties that are difficult to predict. Actual results may differ materially from results suggested in any forward-looking information. Antler assumes no obligation to update forward-looking information in this release, or to update the reasons why actual results could differ from those reflected in the forward-looking information unless and until required by applicable securities laws. Additional information identifying risks and uncertainties is contained in filings made by Antler with Canadian securities regulators, copies of which are available at www.sedarplus.ca.

Neither 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.

For further information, please contact Chris Drysdale, CEO of Antler Gold Inc. at +264 81 220 2439 or email at chris@antlergold.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288731

FAQ

What does the termination of the Erongo sale mean for ALRGF shareholders?

ALRGF shareholders retain exposure to the Erongo asset as Antler Namibia now owns it. According to the company, the settlement terminates the 2024 sale agreement and returns ownership to Antler Namibia while the company reviews strategic options.

Does Antler Namibia still own the Erongo Project after the March 16, 2026 settlement?

Yes, Antler Namibia now owns the Erongo Project following the settlement. According to the company, ownership covers five contiguous licenses totaling 185 km2 in the Damara Mobile Belt.

How large is the Erongo Central Gold Project that ALRGF retained?

The Erongo Project comprises five contiguous licenses covering 185 km2. According to the company, the licences include about 28 km of prospective strike length with favourable stratigraphy.

What is the significance of Erongo Project bordering Twin Hills for ALRGF investors?

Bordering Twin Hills may indicate similar geology and exploration upside for ALRGF investors. According to the company, Antler's EPL 8010 borders the Twin Hills mining license, which is associated with a 3.1 Moz resource.

What are Antler's next steps for the Erongo Project and timeline for ALRGF investors?

Antler will consider next steps as part of an internal strategic review with no timeline provided. According to the company, management intends to evaluate options for the Erongo Project following the settlement.