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Percussion drilling at Löparen outlines two gold anomalies in the search for the source of the gold-bearing boulders

Lappland Guldprospektering AB (publ) (the “Company”) announces the results from the completed percussion drilling programme at the exploration permit Löparen, west of Lycksele. The programme consisted of 70 percussion drill holes and was designed to identify the potential bedrock source of the gold-bearing glacial boulders documented in the area. Gold assay values are generally low across the surveyed area. However, two areas of elevated gold assay values have been identified, including one that had not previously been recognised. The Company plans to undertake a follow-up percussion drilling programme at closer drill spacing during the winter of 2026/2027 to further evaluate these anomalies.

Comment from the CEO

“The programme did exactly what we wanted it to do. We drilled on a wide-spaced, cost-effective grid across a large area to find where to look more closely, and we now have two leads to work from, one of which we did not previously know about. The next step is to drill more closely around them this winter.”

Fredrik Johansson, CEO, Lappland Guldprospektering AB (publ)

Results

The programme comprised 70 percussion drill holes drilled on an approximately 100 × 100 metre grid. Percussion drilling was used to identify indications of gold in the bedrock and to outline anomalous areas, not to determine grades. Gold assay values range from 0.0005 to 0.056 g/t Au and are generally low across the sampled area. Two areas of elevated gold assay values have been outlined, with arsenic concentrations showing an association with gold in the available dataset. Further work is required to assess the significance of this relationship.

The northern anomaly was not previously recognised and contains the highest single gold assay value from the programme, with 0.056 g/t Au reported from percussion drill hole Kax2611. The central anomaly is located near historical core drill holes that reported gold assay values. Additional exploration is required to evaluate the extent and significance of these anomalies.

AreaDrill holeGold (g Au/t)
Northern anomaly (new)Kax26110.0560
Kax26040.0160
Kax26100.0070
Kax26050.0050
Kax26150.0040 to 0.0060
Central anomalyKax26300.0100
Kax26310.0040 to 0.0060

The values refer to gold in crushed rock cuttings. The laboratory reports in ppm; 1 ppm corresponds to 1 gram of gold per tonne. Drill holes Kax2615 and Kax2631 each comprise three sub-samples. All 70 drill holes with coordinates are reported in Appendix 1.

Qualification

The reported results constitute Exploration Results only and do not represent a Mineral Resource. The identified anomalies have not been sufficiently delineated, and further exploration is required to assess whether they are indicative of a gold-bearing source.

Geological information

The information provided below is supplementary and is not required for an understanding of the Exploration Results reported above.

In percussion drilling, crushed rock is transported to the surface with compressed air, producing a composite sample of drill cuttings for each drill point. It is a rapid and cost-effective method for the broad-scale evaluation of large areas and for identifying anomalous zones to prioritise for follow-up core drilling. At Löparen, 70 percussion holes were drilled on a grid of approximately 100 by 100 metres.

The programme is motivated by an accumulation of 91 gold-bearing glacial boulders around Vormträsk, between Lycksele and Norsjö, ranging from 0.003 up to 26.9 grams of gold per tonne, with the 15 richest boulders exceeding 10 g/t Au. The source in the bedrock has not been located. A core drilling programme in the 1980s reported a three-metre section with an average grade of 6 grams of gold per tonne. The historic results have not been verified by the Company’s Competent Person, and the central anomaly is located close to these historic drill holes. The Company plans to follow up the anomalies with closer-spaced percussion drilling on grids of 50 by 50 metres and 25 by 25 metres in the winter of 2026/2027. Should the results indicate the presence of a gold-bearing source, a focused diamond core drilling programme is planned to investigate the target further.

Upcoming milestones · MilestoneTiming
Follow-up percussion drilling at Löparen (closer-spaced grid)Winter 2026/2027
Assay results from the remaining drill holes at Nya GillebergetAugust 2026
Updated Mineral Resource for StortjärnhobbenQ3 2026
Decision on the environmental permit for trial mining at StortjärnhobbenSummer 2026
Preliminary economic assessment for StortjärnhobbenQ3 2026

For further information, please contact:

Fredrik Johansson

CEO, Lappland Guldprospektering AB (publ)

Phone: +46 70 300 31 70

Email: [email protected]

About the Company:

Lappland Guldprospektering AB (publ) is a Swedish exploration company focused on gold in Sweden. The Company’s main project is Stortjärnhobben in southern Lapland, where an Inferred Mineral Resource of 4.6 tonnes of gold has been classified in accordance with PERC¹. In addition to Stortjärnhobben, the Company holds seven exploration permits for gold and two for copper, zinc and silver. The Company is listed on the Spotlight Stock Market under the ticker LGOLD B, with its registered office in Stockholm and its head office in Skellefteå.

Figures and maps

Figure 1.
Figure 1. Plan view of the Löparen percussion drill holes, coloured by gold composite assay value for each drill hole. The map is labelled in ppm; 1 ppm corresponds to 1 gram of gold per tonne. Source: Lappland Guldprospektering AB, 2026.
Figure 2.
Figure 2. Interpolated distribution of gold assay values across the surveyed area. The northern and central areas of elevated gold assay values have been identified as exploration targets for follow-up work by the Company. The anomaly labels shown on the map are the Company’s internal identifiers. Source: Lappland Guldprospektering AB, 2026.
Figure 3.
Figure 3. Gold-bearing glacial boulders at Löparen with the analysed gold grade (g/t) for each boulder. BDL indicates a grade below the detection limit. Source: Lappland Guldprospektering AB, 2026.

Appendix 1. Full assay table (gold), Löparen

The table below reports all percussion drill holes at Löparen with gold value and coordinates in SWEREF99 TM. Drill holes Kax2615 and Kax2631 each comprise three sub-samples (A, B and C). The complete press release with figures and appendix is also available as a PDF via Cision.

Show full assay table (70 drill holes)
Drill holeGold (g Au/t)EastingNorthing
Kax26010.00106810057201685
Kax26020.00106811117201683
Kax26030.00406812087201682
Kax26040.01606813067201683
Kax26050.00506814057201685
Kax26060.00106815107201703
Kax26070.00306816087201680
Kax26080.00106817077201681
Kax26090.00406818087201687
Kax26100.00706813177201644
Kax26110.05606813567201661
Kax26120.00106813517201715
Kax26130.00306810907201583
Kax26140.00306812097201588
Kax2615A0.00406813057201590
Kax2615B0.00606813057201590
Kax2615C0.00506813057201590
Kax26160.00306814087201571
Kax26170.00206815057201599
Kax26180.00106816037201602
Kax26190.00206817057201590
Kax26200.00206818057201594
Kax26210.00306814097201338
Kax26220.00206811057201490
Kax26230.00206812007201487
Kax26240.00206812867201494
Kax26250.00206814057201492
Kax26260.00106815147201492
Kax26270.00306816057201478
Kax26280.00106817047201489
Kax26290.00106818057201494
Kax26300.01006812057201390
Kax2631A0.00406813107201387
Kax2631B0.00606813107201387
Kax2631C0.00506813107201387
Kax26320.00306814047201388
Kax26330.00206815087201391
Kax26340.00106816097201400
Kax26350.00106817117201412
Kax26360.00406818077201390
Kax26370.00206813057201290
Kax26380.00506814077201291
Kax26390.00106815057201290
Kax26400.00106816077201290
Kax26410.00106817127201285
Kax26420.00106818077201283
Kax26430.00406814037201187
Kax26440.00106815087201195
Kax26450.00106816147201194
Kax26460.00106817027201182
Kax26470.00106818067201188
Kax26480.00206806267201411
Kax26490.00106816257201425
Kax26500.00206813027201541
Kax26510.00106813007201769
Kax26520.00106806347201281
Kax26530.00106807357201289
Kax26540.00106808267201293
Kax26550.00206813077201820
Kax26560.00056806557201185
Kax26570.00406807417201194
Kax26580.00106808207201188
Kax26590.00506815597201488
Kax26600.00106806637201094
Kax26610.00206807317201092
Kax26620.00206808277201105
Kax26630.00106816517201463
Kax26640.00106815317201560
Kax26650.00056810957201539
Kax26660.00206812107201560
Kax26670.00106812057201440
Kax26680.00406813107201435
Kax26690.00206814017201444
Kax26700.00056813057201350

Published by Lappland Guldprospektering AB (publ). Reg. no. 556487-3064. LGOLD B on the Spotlight Stock Market. This is a translation of the Swedish original; in the event of any discrepancy, the Swedish version prevails.