U.S. GoldMining commences 2026 drilling at Whistler; targets 8-10 high-priority porphyry targets

U.S. GoldMining Inc.

First drill activated ahead of schedule at Whistler Orbit; second drill en route.
Program fully funded for minimum 6,000 meters of core drilling to test 8-10 targets.
PEA for Whistler deposit (only one of three deposits) shows after-tax NPV5% of $2.0B, 33% IRR.
First assay results expected by end of Q3 2026, subject to lab turnaround.
Whistler Orbit spans 7.5 km by 4.5 km area with over 25 exploration targets identified.

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