Independent Technical Report Confirms Multiple High Priority Target Areas Within Goldrea's Cannonball Project and Recommends $1.28 Million 2026 Program

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Goldrea Resources Corp. (CSE: GOR) (FSE: GOJ1) (OTC Pink: GORAF) is pleased to announce that the Company has received an independent technical report prepared by David Dupre, PGeo, indicating multiple high priority target areas within the Cannonball Project. This new interpretation is based on a 2025 compilation of more than 100,000 hectares of historic helicopter borne magnetic surveys covering Seabridge Gold's Bronson Corridor Project (formerly referred to as the Iskut Project), Goldrea's Cannonball Project and Enduro Metals' Newmont Lake Property. In addition to the survey compilation, Goldrea funded a World View-3 alteration mapping program focused on known target areas in the eastern part of the Cannonball Project and a review of the technical data included in 29 historic technical reports that collectively cover the entire Cannonball Project.

Since 2020, multiple new gold and porphyry copper-gold discoveries have been reported on the claims owned by Seabridge and Enduro Metals. Goldrea has systematically consolidated the claims located between Seabridge and Enduro's discoveries, and in September of 2025, the Company signed a 70:30 Joint Venture with Hanstone Gold Corp, increasing the size of the Cannonball Project to 8,672 hectares (see Goldrea press release dated September 29, 2025). Goldrea's claims adjoin the northern boundary of Seabridge Gold's Bronson Corridor Project approximately five kilometers east of the Snip North Discovery and five kilometers northeast of the Bronson Slope porphyry deposit and the former Snip Mine. On June 27, 2024, Seabridge reported an inferred mineral resource estimate for the Bronson Slope deposit. https://www.seabridgegold.com/press-release/seabridge-gold-reports-bro .... On April 15, 2026 Seabridge reported an inferred mineral resource estimate for its Snip North deposit. https://www.seabridgegold.com/press-release/seabridge-gold-reports-mai .... It is important to note that these resources are located on Seabridge Gold's property and do not necessarily indicate the presence of similar mineralization on Goldrea's Cannonball Project.

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