Labrador Gold’s board of directors sends letter to shareholders warning of attempts by dissidents to seize company money

• Urges shareholders to act today and Vote ONLY for the BLUE Proxy or VIF to protect LabGold from a selfish dissident trying to take control without paying a premium to shareholders
• To ask? Need help voting BLUE? Contact Kingsdale Advisors bee 1-888-518-6813 (free in North America), email contact us@kingsdaleadvisors.comor visit www.TheFutureofLAB.com

Labrador Gold Corp. (TSX.V: LAB | FNR: 2N6) (“LabGold” or the “Corporation”) today announced that it has filed and will begin mailing a letter to shareholders (the “Letter”) in connection with the upcoming annual general and special meeting of shareholders to be held on February 24, 2026 (the “Meeting”). In the letter, the Corporation’s Board of Directors (the “Board”) outlines serious concerns about an attempt by Colored Ties Capital Inc. (the “Dissident”) and its director, Kulwant (Kal) Malhi, to gain control of the Corporation’s cash for their own benefit.

The letter is accessible HERE.

The attempted takeover by the dissident without a premium threatens shareholder value

The dissident is trying to gain effective control over LabGold without paying a premium to all shareholderswhile shareholders are exposed to the the downside risk of conflicting capital allocation decisions without any corresponding compensation. The Dissident and its nominees have done just that clear conflicts of interest and a history of destroying shareholder valueraising serious concerns that they could use the company’s money for purposes that do not benefit all shareholders. Once the company’s money is spent, shareholders can no longer vote on it, underscoring the importance of protecting LabGold’s financial resources from a self-serving dissident.

The Board of Directors unanimously recommends that shareholders vote “FOR” on all LabGold resolutions and vote “AGAINST”/”WITHHOLD” on the Dissident’s resolutions. To vote ONLY on the BLUE Power of attorney form (BLUE proxy) or BLUE Voting instruction form (BLUE VIF) in accordance with the Corporation’s recommendations and disregard any GOLD proxy materials you may receive from the Dissident.

The company’s management information circular and related proxy materials for the meeting are available at www.TheFutureofLAB.com.

Do you have questions or do you need help voting? BLUE?

About Labrador Gold Corp.

LabGold is a Canadian-based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

The Hopedale estate occupies much of Florence Lake’s Archean-era greenstone belt, which extends for 60 kilometers. Although this is typical of the Greenstone Belts worldwide, the area is still underdeveloped. LabGold’s work to date has identified gold anomalies in rocks, soils and lake sediments across a three-kilometre section of the northern part of the belt. Five gold events lie within this trend, four of which were discovered by LabGold. Additional anomalous gold values ​​occur in approximately 40 kilometers of the southern part of the belt. Recent research has also shown the potential for copper, nickel and cobalt.

The Borden Lake project near Chapleau, Ontario is located immediately southeast of Discovery Silver Corp.’s Borden gold mine. Previous explorations by LabGold identified two anomalous gold zones based on geochemistry and geophysics.

The Corporation has 170,009,979 shares of common stock issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:
Roger Moss, president and CEO
Phone: 416-704-8291
Website: www.labradorgold.com
X: @LabGoldCorp

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements: This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated. When used in this document, the words “may”, “could”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views regarding future events and are subject to risks and uncertainties. There are many factors that could cause our actual results to differ materially from statements made, including those discussed in filings by us with Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as the actual results of current exploration programs, general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, materialize or should the assumptions underlying the forward-looking statements prove incorrect, actual results may differ materially from those described herein as intended, planned, expected or expected. We do not intend and assume no obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to place undue reliance on such forward-looking statements.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4b5dcbee-3173-4935-b1e9-8188947435f8