SOMA PROVIDES PRODUCTION UPDATE AFTER THE STRIKE

Soma Gold Corp. (TSXV: SOMA,OTC:SMAGF) (WKN: A2P4DU) (OTC: SMAGF) (the “Company” or “Soma”) announces that production has resumed at both the Cordero Mine and the El Bagre Gold Complex following a 57-day work stoppage due to the strike by unionized employees. Several systems in the plant require additional maintenance due to the extended shutdown, but this situation is mitigated by additional leaching capacity installed before the strike. Mine production will not be affected, but the processing plant will operate at approximately 70% of full processing capacity until the end of November. The El Limon Mill is owned by a non-union subsidiary, but ramping up production was dependent on technical assistance and personnel from El Bagre, who were unavailable during the strike. The original start-up at El Limon was due to be completed in mid-December and has now been postponed until early January 2026.

Soma announces that, due to the disruption caused by the strike, gold production is expected to be reduced by approximately 5,000 ounces in 2025. This shortage will affect both sales and profits in the third and fourth quarters. A further, although relatively small, drop in production could be due to delays in the remediation of the El Bagre mill and the full commissioning of the El Limon mill. However, these issues are expected to be resolved in the coming weeks, and the company’s 2026 production forecast remains unchanged.

Soma also announces that the commissioning of the new leaching circuit and oxygen infusion system at the El Bagre processing plant was completed before the union initiated strike action. The addition of this new tank increases gold recovery from 87.5% to 89.1%. This additional capacity now helps offset the impact of repairs to the damaged tank. The capital program lasted six months and cost € $475,000.

The new tank and agitator, combined with infused oxygen, ensure optimal dissolved oxygen levels, improve leaching kinetics and extend residence time by approximately 30%. This upgrade provides improved leaching efficiency and greater metallurgical stability. Additionally, the additional capacity allows the older caustic tanks to be taken offline for routine preventative maintenance without impacting throughput.

Geoff HamsonCEO of Soma says: “We are happy to get back to work Colombia and will address the various issues arising from the closure of the processing plant. We are confident that both factories will soon be operating at full capacity January 2026Hampson further states: “Soma remains committed to improving operational efficiency and is investing in incremental improvements in all aspects of the operation. The payback period for the investment in additional spill tank capacity is less than one year. For every 1% increase in recovery, based on current production levels and a gold price of $3,800about 1 million dollars Additional annual turnover is generated, which flows directly to the operating result.”

ABOUT SOMA GOLD

Soma Gold Corp. (TSXV: SOMA,OTC:SMAGF) is a profitable mining company focused on the production and exploration of gold. The company owns more than 43 square kilometers of mining concessions following the prolific OTU fault in Antioquia, Colombia and two fully permitted mills within 15 miles of each other, with a combined milling capacity of 675 tons per day. The El Bagre mill is running at 450 TPD and the El Limon mill is expected to resume operations in the third quarter of 2025. Internally generated funds are used to finance a regional exploration program.

With a solid commitment to sustainability and community involvement, Soma Gold Corp. committed to achieving excellence in all aspects of its activities.

The company also owns an exploration site near Tucuma, Para State, Brazil which is currently under option with Ero Copper Corp.

On behalf of the Board of Directors

“Geoff Hampson”
General Manager and Chairman

Forward-Looking Information and Cautionary Statements

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information in this press release may include, but is not limited to: statements regarding the expected restart of operations, the timing and sequence of start-up activities, production expectations, workforce reintegration and operating results following the end of the strike.

Forward-looking information is based on a number of assumptions, including that labor relations will remain stable, restart preparations will proceed as planned, the company will have access to necessary personnel, supplies, financing and infrastructure, and that external conditions (including regulatory, safety and market conditions) will remain supportive. There can be no guarantee that these assumptions will prove to be correct.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to: risks related to labor relations and labor availability, delays or difficulties in restarting production, operational and technical challenges, changes in licensing or regulatory conditions, fluctuations in commodity prices and exchange rates, political or community-related developments in Colombiaand general economic conditions.

Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.

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.

SOURCE Soma Gold Corp.

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