Japan Gold Launches 3D IP Geophysical Survey at Bajo Project

Rhea-AI Summary

Japan Gold (OTCQB:JGLDF) has started a 3D IP and resistivity survey at its Bajo Project in Kyushu to refine drill targets. The survey covers ~8 km by 5 km (~24 line‑km), uses GDD receivers and a transmitter, and is run by Zonge Engineering.

The Bajo Project hosts the historic Bajo Mine with ~421,000 oz historic gold production and reported high‑grade vein assays. The company also terminated a marketing Services Agreement with CanaCom Group, which subscribed $110,000 in placement shares; the TSX Venture Exchange did not accept the agreement and a refund for unprovided services was agreed.

Positive

• 3D IP survey covering 8 km by 5 km (~24 line‑km)
• Survey operated by Zonge Engineering, reputable geophysics firm
• Historic production of 421,000 oz gold at Bajo Mine
• GDD receivers and transmitter for high‑quality data acquisition

Negative

• CanaCom marketing agreement not accepted by TSX Venture Exchange
• Termination may disrupt recent digital marketing activities
• $110,000 placement involved with terminated services agreement

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce that it has commenced a 3D Induced Polarization ("3D IP") and resistivity geophysical survey at its Bajo Project on the southern island of Kyushu, Japan. The 3D IP survey is designed to identify and refine drill targeting for future drill programs.

The 3D IP survey is being conducted by Zonge Engineering and Research Organization (Aust) Pty Ltd., following the recent completion of a CSAMT/AMT survey at the Company's Hakuryu Project in Hokkaido. The 3D IP survey covers a targeted area measuring approximately 8 km by 5 km and comprises roughly 24 line-kilometres. It will utilize GDD receivers and a transmitter to support multi-channel data acquisition and high-quality signal recording. The survey grid has been designed to support full 3D inversion modeling of the subsurface while also allowing individual 2D line sections to be evaluated. This detailed 3D dataset is expected to enhance interpretation of the subsurface and guide the Company in refining exploration targets and prioritizing follow-up work.

The Bajo Project contains the historic Bajo Mine, which historically produced approximately 421,000 ounces of gold. The majority of production came from the Sakuru-Hi vein, which reportedly yielded grades of 125.9 g/t Au and 557 g/t Ag¹.

Qualified Person

The technical information in this news release has been reviewed and approved by Japan Gold's Vice President of Exploration, Jason Letto, B.Sc., P.Geo., who is a Qualified Person as defined by National Instrument 43-101.

Marketing and Advertising Services

The Company also announces that it has terminated a Services Agreement (the "CanaCom Agreement") with 2686362 Ontario Corporation dba CanaCom Group ("CanaCom Group") as previously announced in its news release of September 9, 2025. The Company engaged CanaCom Group to provide marketing services, including digital content creation and media distribution to the Company over a 12-month period. In connection with the engagement, CanaCom Group subscribed for $110,000 in common shares of the Company's private placement which closed on August 25, 2025. The CanaCom Agreement was not accepted by the TSX Venture Exchange, as per Policy 3.4 - Investor Relations, Promotional and Market-Making Activities. Termination of the CanaCom Agreement is effective as of February 25, 2026. CanaCom Group has agreed to provide a refund for services not yet provided.

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral company focused on the exploration and discovery of high-grade epithermal gold deposits across the main islands of Japan. The Company holds a significant portfolio of tenements covering areas with known gold occurrences, history of mining and prospective for high-grade epithermal gold mineralization in one of the most stable and under explored countries in the world. The Japan Gold leadership and operational team of geologists, drillers and technical advisors have extensive experience exploring and operating in Japan and have a track record of discoveries world-wide.

On behalf of the Board of Japan Gold Corp.
John Proust
Chairman & CEO

For further information, please contact:
Alexia Helgason
Vice President, Corporate Communications
Phone: +1(604) 417-1265
Email: ahelgason@japangold.com

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events, including the results of the geophysical survey. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions, the stability of the financial and capital markets; the timing and granting of prospecting rights; the Company's ability to convert prospecting rights into digging rights within the timeframe prescribed by the Mining Act; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

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¹ Mining and Materials Processing Institute of Japan (1989), Gold Mines in Japan, Vol. 1: Kyushu, pp. 34-37.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/285404

FAQ

What area does Japan Gold's 3D IP survey at Bajo Project (JGLDF) cover?

The 3D IP survey covers approximately 8 km by 5 km (about 24 line‑kilometres). According to the company, the grid supports full 3D inversion modeling and individual 2D line evaluation to refine drill targets.

Who is conducting the Bajo Project geophysical survey for Japan Gold (JGLDF)?

Zonge Engineering and Research Organization is conducting the 3D IP survey. According to the company, Zonge will use GDD receivers and a transmitter for multi‑channel data acquisition and high‑quality signal recording.

What historic production does the Bajo Mine contain as reported by Japan Gold (JGLDF)?

The Bajo Mine historically produced about 421,000 ounces of gold. According to the company, most production came from the Sakuru‑Hi vein, with reported high‑grade assays cited in the release.

What does the survey mean for Japan Gold's drill planning at Bajo (JGLDF)?

The 3D dataset is expected to enhance subsurface interpretation and refine drill targets. According to the company, full 3D inversion modeling will help prioritize follow‑up drill programs and target refinement.

Why was the CanaCom marketing agreement with Japan Gold (JGLDF) terminated and what happens next?

The CanaCom Agreement was terminated after it was not accepted by the TSX Venture Exchange under Policy 3.4. According to the company, termination is effective February 25, 2026, and CanaCom agreed to refund services not yet provided.