Drilling at the Holly Property delayed

(TheNewswire)

September 30, 2025 – TheNewswire - Vancouver, British Columbia –Volcanic Gold Mines Inc. (TSXV: VG) (“Volcanic” or “theCompany”) regrets to report that during the recent visit of theCompany’s President to the Holly Project in Guatemala, it was notedthat there is still some resistance to mining activities in the areaadjacent to the project. For this reason, we consider it prudent topostpone the start of drilling until more favorable conditions areachieved. We are currently in discussions with local authorities andthe community to reach an understanding and create a more suitableenvironment. The Company is fully permitted to drill, and hasagreements with all landowners where the drilling would take place,but it is the President’s opinion that conflict is likely to takeplace if drilling re-starts at this time.

Spectacular grades were obtained in the previousdrilling at Holly where north-west trending epithermal veins cut theregional-scale east-west trending Jocotán structure. The lastdrilling campaign in 2021-22 defined an inferred mineralresource of 1.32 million tonnes at 6.46 g/t Auand 256 g/t Ag (1) at Holly. Further drilling has beenplanned to extend the depth and strike extent ofmineralization and tighten drill spacing to upgrade the confidencelevel of the mineral resource.

Volcanic’s President and CEO, Simon Ridgway stated:“ The Company has worked tirelessly over thelast two years with the local people promoting the benefits thatresource development can bring, and i t isunfortunate that we are prevented from advancing this project at thistime. Our earlier decision to re-start drilling was based on myprevious meeting with the Mayor and on information from other trustedsources. However, when we started preparations to work, some groupswithin the local and municipal councils expressed opposition. It isimportant that we work through their concerns to obtain majoritysupport and unilateral acceptance before proceeding with the planneddrilling.

As the safety of local residents and our personnel isof the utmost importance, we cannot with goodconscience re-start work at this time. We will continue ourdiscussions with the local community and also await developments atthe nearby Cerro Blanco gold project.”

The Company is aggressively reviewing a number of otheropportunities both within Central America and in otherjurisdictions.

(1) News Release, Volcanic GoldMines Inc. Volcanic files NI 43-101 technical report for InitialResource Estimate at Holly Project, Guatemala, July 27, 2022.

About Volcanic

Volcanic brings together an experienced and successfulmining, exploration and capital markets team focused on buildingmulti-million-ounce gold and silver resources in underexploredcountries.  Through the strategic acquisition of mineral propertieswith demonstrated potential for hosting gold and silver resources, andby undertaking effective exploration and drill programs, Volcanicintends to become a leading gold-silver company.

For further information, visit our website at www.volgold.com .

Volcanic Gold Mines Inc.

Simon Ridgway, President and CEO

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.

Forward-looking statements

Certain statements contained in this news releaseconstitute forward-looking statements within the meaning of Canadiansecurities legislation. All statements included herein, other thanstatements of historical fact, are forward- looking statements andinclude, without limitation, statements about the Company’s plansfor its property interests in Guatemala. Often, but not always, theseforward-looking statements can be identified by the use of words suchas “estimate”, “estimates”, “estimated”, “potential”,“open”, “future”, “assumed”, “projected”, “used”,“detailed”, “has been”, “gain”, “upgraded”,“offset”, “limited”, “contained”, “reflecting”,“containing”, “remaining”, “to be”, “periodically”, orstatements that events, “could” or “should” occur or beachieved and similar expressions, including negativevariations.

Forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause the actualresults, performance or achievements of the Company to be materiallydifferent from any results, performance or achievements expressed orimplied by forward-looking statements. Such uncertainties and factorsinclude, among others, the uncertainties inherent in the mineralresource estimates; whether the Company’s plans for its propertyinterests in Guatemala will proceed as intended; changes in generaleconomic conditions and financial markets; the Company or any jointventure partner not having the financial ability to meet itsexploration and development goals; risks associated with the resultsof exploration and development activities, estimation of mineralresources and the geology, grade and continuity of mineral deposits;unanticipated costs and expenses; and such other risks detailed fromtime to time in the Company’s quarterly and annual filings withsecurities regulators and available under the Company’s profile onSEDAR+ at www.sedarplus.ca . Although the Company hasattempted to identify important factors that could cause actualactions, events or results to differ materially from those describedin forward-looking statements, there may be other factors that causeactions, events or results to differ from those anticipated, estimatedor intended.

Forward-looking statements contained herein are basedon the assumptions, beliefs, expectations and opinions of management,including but not limited to: that the Company’s stated goals andplanned exploration and development activities will be achieved; thatthere will be no material adverse change affecting the Company or itsproperties; and such other assumptions as set out herein.Forward-looking statements are made as of the date hereof and theCompany disclaims any obligation to update any forward-lookingstatements, whether as a result of new information, future events orresults or otherwise, except as required by law. There can be noassurance that forward-looking statements will prove to be accurate,as actual results and future events could differ materially from thoseanticipated in such statements. Accordingly, investors should notplace undue reliance on forward-looking statements.

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