1911 Gold Announces Grant of Deferred Share Units

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1911 Gold (OTCQX:AUMBF, TSXV:AUMB) granted 125,000 deferred share units (DSU) to four directors under its Long-Term Incentive Plan, covering director fees for the first quarter of 2065. Each DSU converts into one share or a cash equivalent when the holder ceases to be a director.

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VANCOUVER, BC, May 8, 2026 /PRNewswire/ - 1911 Gold Corporation ("1911 Gold" or the "Company") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY), announces that it has granted 125,000 deferred share units ("DSU") to four directors under the Company's Long-Term Incentive Plan in respect of director fees incurred in the first quarter of 2065. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances, a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

About 1911 Gold Corporation

1911 Gold is an advanced gold explorer and developer focused on its 100%-owned True North Gold Project in the Archean Rice Lake Greenstone Belt in Manitoba, Canada. The Company controls a large, highly prospective ~62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a central and readily expandable infrastructure complex to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold's True North complex and the exploration land package are located within and among the First Nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, cooperative, and respectful communications with all of our local communities and stakeholders to foster mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS
Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, the Company's current business plans, including the potential mine restart in 2027; and generally, the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking 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 forward-looking statements.

In addition, readers are directed to review the detailed risk discussion in the Company's Annual Management's Discussion & Analysis for the year ended December 31, 2025, filed on SEDAR+, which discussions are incorporated by reference in this news release, for a fuller understanding of the risks and uncertainties that affect the Company's business and operations.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither 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.

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SOURCE 1911 Gold Corporation

FAQ

What did 1911 Gold (AUMBF) announce on May 8, 2026 about director compensation?

The company granted 125,000 deferred share units to four directors. According to the company, the DSUs relate to director fees for the first quarter of 2065 and convert to one share or a cash equivalent upon a director's departure.

How do the deferred share units (DSU) granted by 1911 Gold (AUMBF) work?

A DSU entitles the holder to one share or cash equal to a share's value when they stop serving as a director. According to the company, these units are issued under the Long-Term Incentive Plan for director fees.

How many directors received DSUs from 1911 Gold (AUMBF) and how many units were granted?

Four directors received a total of 125,000 DSUs. According to the company, the grant covers director fees incurred in the first quarter of 2065 and is administered under the Long-Term Incentive Plan.

Will the 125,000 DSUs granted by 1911 Gold (AUMBF) immediately dilute shareholders?

DSUs do not convert to shares immediately; they convert upon a director's cessation. According to the company, conversion timing determines actual dilution, so immediate share dilution is not automatic at grant.