Pelangio Exploration Provides Exploration and Corporate Update

Toronto, Ontario--(Newsfile Corp. - June 23, 2025) - Pelangio Exploration Inc. (TSXV: PX) (OTC Pink: PGXPF) ("Pelangio" or the "Company") is pleased to provide an update on recent corporate and exploration developments across its Ghanaian gold projects following a two-week site visit by Pelangio's Technical Team: Kevin Thomson, Senior Vice-President, Exploration and Samuel Torkornoo, Vice President Africa in May 2025.

Manfo and Nkosuo Option Highlights

• Manfo: Engaged with SEMS Exploration in their completion of Mineral Resource Update (MRE)

• Manfo MRE update: expected completion in Q3 2025

• Manfo: site visit with SEMS Exploration and PX Technical Team included GPS checks on drill collar positions, ground status checks, a review of drill core from the 2021-2023 drilling programs and sampling of assay pulps for a check on assays

• Nkosuo: conducted preliminary due diligence on Nkosuo project currently under option from FJ Minerals

• Nkosuo: identified four or more mineralized trends with similar geology to Manfo

• Manfo/Nkosuo Corridor: 900 line-kilometer UAV Aeromagnetic survey planned

Obuasi Highlights

• TuNya has resumed its pitting and trenching program as part of its earn-in agreement.

• Exploration program is nearing completion of the US$250,000 technical study

• Review of pitting done following the UAV Aeromagnetic survey. Upon the conclusion of the field work, TuNya will prepare a final report on all their work with recommendations for further exploration, expected by August

"Our recent technical review and site visit generated valuable insights," noted Kevin Thomson, Senior Vice-President Exploration. "At Nkosuo, preliminary due diligence was completed, marking our first visit to the ground since it was optioned. Field observations suggest the Nkosuo property to be very prospective for discovery and could contribute significantly to the total resource of the combined projects. At Manfo, SEMS Exploration is making good progress on the MRE Update, with the resource estimation nearly completed and the write-up well underway. At Obuasi the pitting and trenching programs have resumed and should provide insights on the geology and structure over the northern end of the property's most favourable target area."