Granada Gold Mine Structural Interpretation Supports Additional Drill Targets

(TheNewswire)

Rouyn Noranda, Q.C. – TheNewswire - January 8, 2026 - GranadaGold Mine Inc. (TSXV: GGM) (OTC: GBBFF) (Frankfurt: B6D) (the"Company" or "Granada") is pleased to provide astructural interpretation provided by our geological consultants.Historically, the Granada Gold Mine was mined through two shafts withan average gold grade of 9.7 grams per tonne from veins 1 and 2 with 3additional veins (#2a, #3, and #5) identified. The Company hascompleted 126,000 meters of  drilling in 538 holes to date. With only20 percent of the 2 kilometer east-west mineralized structureexplored, and with the mineralized package being open to depth, thepotential exists for more vein structures to be identified withfurther drilling.

The interpretation identifies the southern part of theproperty as showing a higher structural complexity based on allgeophysical and historical data, which extends eastwards and westwardsthe length of the property. Further work is required on the northwest-and northeast-trending  faults and their relationship to the regional East-West trending structures.

The geological consultants further recommended tocreate an updated geological map for the property that integrateshistorical mapping, LiDAR and magnetic lineaments as well as compilinghistorical structural measurements into a database to  create a morecomplete structural framework to support an updated 3D model. 

Qualified person

The technical information in this news release was reviewed andapproved by Matthew Halliday, P.Geo., Director of Granada Gold MineInc., and member of the Ordre des Géologues du Québec, who is aQualified Person in accordance with National Instrument 43-101.

Mineral Resource Estimate

On August 22, 2022 the Company filed an updated NI43-101 technical report supporting the resource estimate update forthe Granada Gold project (Please see July 6, 2022 newsrelease) reporting that the Granadadeposit contains an updated mineral resource, at a base case cut-offgrade of 0.55 g/t Au for pit constrained mineral resources within aconceptual pit shell and at a base case cut-off grade of 2.5 g/t forunderground mineral resources within reasonably mineablevolumes, of 543,000 ounces of gold (8,220,000 tonnes at an averagegrade of 2.05 g/t Au) in the Measured and Indicated category, and456,000 ounces of gold (3,010,000 tonnes at an average grade of 4.71g/t Au) in the Inferred category. Please see Table 1 below for fulldetails. Reportreference: Granada Gold ProjectMineral Resource Estimate Update, Rouyn-Noranda, Quebec, Canadaauthored by Yann Camus, P.Eng. and Maxime Dupéré, B.Sc, P.Geo., SGSCanada Inc. dated August 20th, 2022 and with an effective date of June23rd, 2022.

Table 1: Mineral Resource Estimate Showing Tonnes,Average Grade, and Gold Ounces

About Granada Gold Mine Inc.

Granada Gold Mine Inc. continues to develop and exploreits 100% owned Granada Gold Property near Rouyn-Noranda, Quebec, andis adjacent to the prolific Cadillac Break. The Company owns 14.73square kilometers of land in a combination of mining leases andclaims. The Company is currently undergoing a large drill program with 20,000m out of 120,000m complete.The drills are currently paused to provide the technical team with thenecessary time to evaluate, assimilate existing data and wait forimproved market conditions. 

The Granada Shear Zone and the South Shear Zonecontain, based on historical detailed mapping as well as from currentand historical drilling, up to twenty-two mineralized structurestrending east-west over five and a half kilometers. Three of thesestructures were mined historically from four shafts and three openpits. Historical underground grades were 8 to 10 grams per tonne goldfrom two shafts down to 236 m and 498 m with open pit grades from 3.5to 5 grams per tonne gold.

The property includes the former Granada Goldunderground mine which produced more than 50,000 ounces of gold at 10grams per tonne gold in the 1930’s from two shafts before a firedestroyed the surface buildings.  In the 1990s, Granada Resourcesextracted a bulk sample (Pit #1) of 87,311 tonnes grading 5.17 g/t Au. They also extracted a bulk sample (Pit # 2) of 22,095 tonnes grading3.46 g/t Au.  

For further information, Contact:

Frank J. Basa, P.Eng. member of ProfessionalEngineers Ontario

Chief Executive Officer

P: 416-625-2342

Or:

Wayne Cheveldayoff, 

Corporate Communications

P: 416-710-2410 

E: waynecheveldayoff@gmail.com

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

This news release may containforward-looking statements which include, but are not limited to,comments that involve future events and conditions, which are subjectto various risks and uncertainties. Except for statements ofhistorical facts, comments that address resource potential, upcomingwork programs, geological interpretations, receipt and security ofmineral property titles, availability of funds, and others areforward-looking. Forward-looking statements are not guarantees offuture performance and actual results may vary materially from thosestatements. General business conditions are factors that could causeactual results to vary materially from forward-looking statements.The Company does notundertake to update any forward-looking information in this newsrelease or other communications unless required by law.

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