American Pacific Mining Commences Field Reconnaissance and Sampling Program at the Red Hill Gold Project, Nevada

Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - American Pacific Mining Corp. (CSE: USGD) (OTCQX: USGDF) (FSE: 1QC) (WKN: A422L8) ("American Pacific", or the "Company") is pleased to announce the commencement of a field reconnaissance and surface sampling program at its Red Hill Gold Project ("Red Hill" or the "Project") in Eureka County, Nevada.

The field program was designed to advance the Company's geological understanding of priority target areas and provide additional surface geochemical information across select portions of the Project. During the program, field crews collected rock samples from areas of geological interest, including prospective alteration zones, structurally prepared silicified outcrops, and historically identified target areas.

"Our initial 2026 field work has resulted in the rediscovery of a large, prominent jasperoid outcrop containing strong barite mineralization and multiple brecciation phases," commented Managing Director of Exploration, Eric Saderholm. "Jasperoids with these kinds of textures are commonly associated with Carlin-style systems. While they are rarely ore grade, they are spatially and temporally associated with some of the larger systems along both the Carlin and Cortez Trends. Using detailed mapping of the fractures, veins and breccia controls, we hope to derive vectors toward the intersections of these feeding structures and the more favourable limestone hosts interpreted to be found at depth. This is a very important revelation and is an important indicator of a nearby sediment-hosted system."

Red Hill is a sediment-hosted gold project located within the prolific Cortez Trend in Nevada (see Figure 1). The Project comprises 79 claims covering approximately 1,500 acres and is located approximately 24 kilometres southeast of the Cortez Hills gold deposit. The Project hosts hydrothermally altered lower-plate carbonate rocks, altered intrusive dikes and favourable structural orientation for Carlin-style gold mineralization in Nevada.

Figure 1: Property location within the Cortez Trend

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Previous drilling by a prior operator at Red Hill returned significant gold mineralization, including drill hole BRH-013, which intersected 24.4 metres of 4.99 grams per tonne ("g/t") gold from 585.4 to 609.8 metres, including 13.7 metres of 8.11 g/t Au from 585.4 to 599.1 metres.ⁱ Gold mineralization at Red Hill is reported to be hosted in silty carbonate rocks of the Denay Formation and associated with altered lamprophyre dikes and anomalous pathfinder elements: arsenic, antimony, mercury, and thallium, features that are considered indicative of a Carlin-style gold system.

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