Engineer Gold Mines Plans Drilling Program

(TheNewswire)

April 29, 2026 – TheNewswire -Vancouver, BC, Canada– Engineer Gold Mines Ltd.(the "Company") (TSX-V: EAU | OTC: EGMLF | WKN: A3EEVJ) announcesthat Management, along with Consultants, have completed an in-depthdesktop review of its 100%-owned Engineer GoldProject, located 30 kilometres southwest of Atlin in northwesternBritish Columbia.  This large property comprises 18,319 hectarescovering a 25 kilometre long contiguous claim block and hosts thehistoric Engineer Gold Mine (“Engineer”), the Wann River Prospect(“Wann”), the TAG Property (“TAG”), and numerous additional mineraloccurrences.

Consolidated by the Company, for the first time in itsrich 120-year-old history, the Engineer District hosts multiple stylesof mineralization including high-grade epithermal gold-silver veins,polymetallic veins (Ag-Pb-Zn ± Au), and structurally controlled bulktonnage style gold systems.

Spiros Kletas, President and CEO, commented, “Thein-depth and detailed review of the Engineer Gold Project has beenextremely positive and valuable step which has helped highlight thevery large potential of the project. I am very excited about not onlythe Engineer mine itself, but the potential shown in other projectareas including the Shear Zones adjacent to Engineer, plus the TAG andWann.”

Engineer Mine

The historic Engineer Gold Mine is a past-producing,underground gold-silver operation.  Historical production between 1910 and 1952totalled approximately 14,263 tonnes grading 39.4 g/t (1.15 oz/ton)gold and 19.5 g/t (0.57 oz/ton) silver (BCMinfile 104M014).

Prior mining and exploration work largely concentratedon two of the vein systems – the Double Decker and Engineer Veins. Existing underground workings provide access to multiple additionalveins, including the Boulder, Governor, Jersey Lilly and Shaft. Access and production drifts are in place on the lowermost fourlevels of the eight-level mine, with good potential for additionalhigh-grade mineralization at depth and along strike.

The property hosts an historic Inferred MineralResource as defined under National Instrument 43-101, which includes onlythe Engineer and Double Decker veins, (Snowden, 2011, amended andrestated in 2018, O’Brien et al - www.sedarplus.ca).

The resource is based on a 5.0 g/t gold cut-off and aminimum mining width of 1 metre.  Within this estimate is ahigher-grade subset as shown in the table below:

A qualified person has not done sufficient work toclassify the historical estimates referenced herein as current mineralresources or mineral reserves and the Company is not treating thehistorical estimate as current mineral resources or mineralreserves.

Adjacent to the vein systems are two importantmineralized structures - Shear Zone ‘A’ and ‘B’.  Both shearshost significant widths of hydrothermal breccia containing bulktonnage style gold mineralization.

A diamond drilling permit is in place and the companyplans to conduct a multi-phase drill program commencing this summer totest both the down dip and strike extensions of the high grade veinhosted gold-silver mineralization and the extent of the bulk tonnagelower-grade gold structures.   Details of the exploration program will be announced as theyare finalized.

Wann River Prospect

The Wann River prospect is located 4 kilometres southof the Engineer Mine and represents a highly prospective,underexplored target.  Exploration work to date has identified amineralized corridor approximately 800 metres by 180 metres in extent.

Historic diamond drilling of 17 holes in 2011 returnednumerous gold and silver intercepts.  The most significant intervals were fromhole WR030211 which assayed 11.3 g/t Au and 76.2 g/t Ag over 1 m, andhole WR040111 assaying 11.3 g/t Au and 94.8 g/t Ag over 1.0m (Aspinall, 2011; BC ARIS Report#32478).

In addition to prior drilling, Wann River has undergoneseveral surface sampling programs which returned good gold-silver andbase metal values.  Select historical grab sample results include(Aspinall, 2011; BC ARIS Report #32004)*:

*Grab samples are selective innature and may not be representative of the mineralization on theproperty.

The historical 2011 Technical Report (Snowden, 2011 -https://www.sedarplus.ca)recommended a significant exploration program on the Wann Riverprospect, including diamond drilling to evaluate the southeasternsector of the mineralized corridor, a ground magnetic geophysical survey to support geological mapping,and additional prospecting, mapping, and sampling. The Company isplanning follow-up exploration programs to advance groundwork in thecoming field season.  

TAG Property

The TAG Property is located approximately 6 kilometresnorth of the historic Engineer Mine and is associated with astructurally controlled mineralized system related to the LlewellynFault.  An historical mineral resource estimate (Reddick andArmstrong, 2009 for CZM Capital Corp., www.sedarplus.ca), using aminimum core length of 2.0 metres and a cut-off grade of 3.0 g/t goldequivalent, reported:

• Indicated: 250,000 tonnes grading 2.97 g/t Au and 12.09g/t Ag 

• Inferred: 400,000 tonnes grading 2.98 g/t Au and 9.91g/t Ag 

A qualified person has not done sufficient work toclassify the historical estimates referenced herein as current mineralresources or mineral reserves and the Company is not treating thehistorical estimate as current mineral resources or mineralreserves.

As soon as conditions allow, the company will conduct arelogging and sampling program on the existing diamond drill corealong with planning additional exploration work to facilitatecompleting an updated resource estimate for TAG.  

In 2026, the Company also intends to evaluate thepotential reactivation of previously permitted activities, includingdewatering of the lower levels of the Engineer Mine and complete abulk sample of up to 10,000 tonnes, subject to regulatory approvals.These activities are expected to support further evaluation of thedeposit and potential expansion of mineralized zones.  The Companybelieves the Engineer Mine presents a compelling opportunity forcontinued resource development and evaluation of potential small-scaleproduction from existing underground workings.

Qualified Person

The scientific and technical information contained inthis news release has been reviewed and approved by Linda Dandy,P.Geo., a Qualified Person as defined by National Instrument 43-101.Ms. Dandy is independent of the Company and is a registeredProfessional Geoscientist (P.Geo.) in British Columbia, Canada.

About Engineer Gold Mines Ltd.

The Engineer Gold Project encompasses approximately18,319 hectares in northwestern British Columbia and is subdividedinto three principal target areas: the Engineer Gold Mine, the TAGProperty, and the Wann River prospect.

The Project hosts a historical gold mineral resource atthe past-producing underground Engineer Mine, as well as a historicalgold-silver mineral resource on the TAG Property. In addition, thedistrict contains numerous high-grade vein and shear-hosted goldtargets with both bulk-tonnage and high-grade exploration potential,and a potential opportunity for small-scale production.

Mineralization at the Engineer Mine and TAG Property ischaracteristic of epithermal-style systems, with additional epithermaltargets identified across the Project, including the Happy Sullivanarea. The Wann River prospect represents an orogenic gold targetassociated with the prolific Llewellyn Fault and has returnedsignificant gold and silver values, including a grab sample of 263 g/t(7.67 oz/ton) gold and 1,350 g/t (39.37 oz/ton) silver from the Lumshowing.

Historical resources referenced herein are consideredrelevant but have not been verified by a Qualified Person and shouldnot be relied upon.

On Behalf of the Board ofDirectors

“Spiros Kletas”

Spiros Kletas

CEO, President & Director

For further information pleasecontact:

Engineer Gold Mines Ltd.

Tel:  +1 604-669-6463

E-Mail: kletas.spiro@gmail.com

Website: engineergoldmines.com

Neither the TSX Venture Exchange norits Regulation Services Provider (as defined in the policies of theTSX Venture Exchange) has reviewed this news release and does notaccept responsibility for the adequacy or accuracy of itscontents.

Disclaimer for Forward-LookingInformation

This news release contains “forward-lookingstatements” or “forward-looking information” (collectively,“forward-looking statements”) within the meaning of applicablesecurities laws. These statements are not statements of historicalfact and may include, without limitation, statements regarding theCompany’s beliefs, plans, expectations, intentions, objectives,strategies, future performance, and anticipated events orresults.

Forward-looking statements are based on management’scurrent expectations, estimates, and assumptions, which are subject tochange and may ultimately prove to be inaccurate. Such statementsinvolve known and unknown risks, uncertainties, and other factors thatcould cause actual results, performance, or achievements to differmaterially from those expressed or implied in the forward-lookingstatements.

There is no assurance that the anticipated events oroutcomes described in these forward-looking statements will occur, or,if they do occur, what benefits Engineer Gold Mines will derive from them. Factors that could cause actual results todiffer materially include, but are not limited to, explorationresults, the availability of financing, fluctuations in commodityprices, permitting and regulatory risks, operational risks, and otherrisks detailed in the Company’s public disclosure record.

Forward-looking statements contained in this releaseare made as of the date hereof, and Engineer Gold Mines assumes noobligation to update or revise them to reflect new information, futureevents, or otherwise, except as required by applicable securitieslaws. Readers are cautioned not to place undue reliance onforward-looking statements.

###

Copyright (c) 2026 TheNewswire - All rights reserved.