Cassiar Gold Intersects New Quartz Veining with Visible Gold, Significantly Extends Mineralized Trend at Newcoast Regional Prospect, and Initiates Evaluation of Mill Refurbishment, Tailings Monetization and High-Grade Strategy

Vancouver, British Columbia–(Newsfile Corp. – January 23, 2026) – Cassiar Gold Corp. (TSXV: GLDC) (OTCQX: CGLCF) (the “Company”) is pleased to announce results from the final 5,243 meters (m) over eleven diamond drill holes of the 2025 exploration program at the Cassiar Gold project, located in northern British Columbia. The 2025 drill program comprised 7,308 m over 20 drill holes and concluded in early October, for which nine drill holes were previously reported. Results reported here identified a new higher grade, visible gold-bearing structure, and significantly extended known mineralization at the Newcoast prospect. These drill holes demonstrate potential for ongoing expansion of mineralization along key structural trends and identification of new mineralized areas with visible gold-bearing veins within extensive untested areas at the Cassiar Gold property.