Riley Gold Files PWC Gold Project NI 43-101 Technical Report

Rhea-AI Summary

Riley Gold (OTCQB: RLYGF) filed an NI 43-101 technical report titled "NI 43-101 Technical Report, Pipeline West/Clipper Property, Lander County, Nevada, U.S.A." dated April 29, 2026 with an effective date of February 11, 2026. The report covers Riley Gold's 100% owned Pipeline West/Clipper (PWC) gold project and provides an initial overview including exploration activities to date.

PWC lies in the Cortez mining district on the Battle Mountain - Eureka Trend. Kinross Gold U.S.A. operates PWC under an exploration earn-in agreement executed in March 2024. The Technical Report was prepared by Matthew Dumula, P.Eng., a Qualified Person independent of Riley Gold. The report is available on SEDAR+.

Positive

• Filed NI 43-101 technical report dated April 29, 2026 with effective date Feb 11, 2026
• Owns 100% interest in the Pipeline West/Clipper (PWC) gold project
• PWC located in established Cortez mining district on the Battle Mountain - Eureka Trend
• Kinross Gold U.S.A. operates PWC under an exploration earn-in agreement (March 2024)
• Technical Report prepared by an independent Qualified Person, Matthew Dumula, P.Eng.

Negative

• Technical Report provides an initial overview only and does not present a mineral resource estimate
• No production, reserve, or quantified economic metrics disclosed in the Technical Report

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Vancouver, British Columbia--(Newsfile Corp. - May 1, 2026) - Riley Gold Corp. (TSXV: RLYG) (OTCQB: RLYGF) ("Riley Gold" or the "Company") is pleased to announce that the Company has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") technical report for Riley Gold's 100% owned Pipeline West/Clipper Gold Project ("PWC"), entitled "NI 43-101 Technical Report, Pipeline West/Clipper Property, Lander County, Nevada, U.S.A" dated April 29, 2026, with an effective date of February 11, 2026 (the "Technical Report"). The Technical Report is available under the Company's SEDAR+ profile at sedarplus.ca.

PWC is located in the Cortez mining district of the Battle Mountain - Eureka Trend. PWC is operated by Kinross Gold U.S.A., Inc. ("Kinross"), a wholly owned subsidiary of Kinross Gold Corporation (TSX: K, NYSE: KGC), under an exploration earn-in agreement executed in March 2024.

The Technical Report was prepared by Matthew Dumula, P. Eng. of Archer Cathro Geological (US) Ltd., who is a "Qualified Person" as defined under NI 43-101 and independent of Riley Gold.

The Technical Report provides an initial overview, including exploration activities to date. Kinross, as operator, continues to conduct additional exploration activities at PWC.

About PWC:

PWC constitutes a prospective exploration property for Carlin-type, disseminated and replacement gold deposits. PWC consists of a land package totaling approximately 27.2 km² of unpatented mining claims and patented fee lands adjoining NGM. PWC is situated along the Cortez structural zone of the exceptionally productive Cortez Trend within the Battle Mountain - Eureka Trend in north central Nevada (Figure 1). The Cortez and Pipeline complexes (adjoining Riley Gold's PWC boundary) are top producers within Nevada, a state that consistently produced between 4-5 million ounces of gold a year.

Figure 1. PWC project location in the Cortez district

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10015/295270_06aee6d2e4a099cd_002full.jpg

About Riley Gold Corp.

Riley Gold is an exploration and development company focused in Nevada, USA, with assets located in the Battle Mountain Eureka Trend (within the Cortez District) and the Walker Lane Trend. Riley Gold's founders and leadership team have a proven track record of maximizing shareholder value during each phase of the mining life cycle: exploration, development, and production.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Todd Hilditch
Chief Executive Officer
Tel: (604) 443-3831

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295270

FAQ

What did Riley Gold (RLYGF) file on May 1, 2026 regarding the PWC project?

Riley Gold filed an NI 43-101 technical report for the Pipeline West/Clipper project dated April 29, 2026. According to the company, the report has an effective date of February 11, 2026 and is available on SEDAR+ for investor review.

Does the RLYGF NI 43-101 report include a mineral resource estimate for Pipeline West/Clipper?

No, the Technical Report provides an initial overview and does not include a mineral resource estimate. According to the company, the document summarizes exploration activities to date rather than disclosing quantified resources or reserves.

Who operates the PWC project under the RLYGF agreement and when was the earn-in signed?

Kinross Gold U.S.A. operates the PWC project under an exploration earn-in agreement executed in March 2024. According to the company, Kinross continues to conduct additional exploration activities at PWC as operator.

Where can investors access the RLYGF Pipeline West/Clipper NI 43-101 Technical Report?

The NI 43-101 Technical Report is available on SEDAR+. According to the company, investors can view or download the full report from Riley Gold's SEDAR+ profile for detailed technical information.

Who prepared the RLYGF NI 43-101 Technical Report and is the author independent?

The report was prepared by Matthew Dumula, P.Eng. of Archer Cathro Geological (US) Ltd., who is identified as a Qualified Person. According to the company, he is independent of Riley Gold under NI 43-101 rules.