Signal Gold Identifies Further Growth Targets at Hurricane and Armstrong in the Goldboro Gold District

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce exploration drilling has commenced on the western extension of the Goldboro Deposit at the Goldboro Project in Nova Scotia ("Goldboro", or the "Project"). The drill program, which comprises up to 5,000 metres of diamond drilling, is designed to extend near-surface mineral resources immediately west of the existing Goldboro Deposit (Exhibit A and B). Geological modelling of the gold mineralization identified in 2023 indicates the potential to delineate additional open-pit Mineral Resources, and the potential for further gold discoveries. Initial drilling of the first two drill holes has successfully intersected gold mineralization with 5 occurrences of visible gold as well as intersecting the host structure and associated alteration. Assays are pending for all samples collected to date

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that all resolutions proposed to shareholders at the annual general meeting held today were duly passed

All the nominees listed in the management information circular for the meeting were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below.

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to report its business and financial results for the three months ended March 31, 2024 ("Q1 2024"). The condensed interim consolidated financial statements and management discussion and analysis documents can be found at www.sedarplus.com and the Company's website, www.signalgold.com. All dollar amounts are in Canadian dollars unless otherwise noted

"Despite ongoing challenging capital markets for junior mining companies, Signal Gold has made strong progress at the Goldboro Project during the first quarter of 2024. We remain focused on value creation through exciting exploration initiatives to generate new discoveries and increased mineral resources in the Goldboro Gold District, especially at the western extension of the Goldboro Deposit where we recently commenced a 5,000-metre drill program. The Company also continues to advance key Project permits, with consultations with respect to the Fisheries Act Authorization and Schedule 2 Amendment having commenced during the quarter. In parallel, we continue to evaluate potential strategic alternatives to advance the Goldboro Project, with BMO Capital Markets acting as financial advisor, as well actively considering options with respect to the credit facility with Nebari. The Company remains committed to advancing the Goldboro Project to become the next fully permitted, construction ready, gold project in Canada. "

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce that it has commenced exploration work at the Stewart target approximately 10 kilometres northwest of the Goldboro Deposit and planned mine and mill infrastructure at the Goldboro Project in Nova Scotia, Canada ("Goldboro", or the "Project") (Exhibit A). Recently staked by the Company, the area has quickly become a high priority growth target within its extensive exploration land package of approximately 27,200 hectares (~272 km2) in the historic Goldboro Gold District

The Stewart target comprises a 10 by 4-kilometre area of combined gold, antimony, and tungsten till anomalies that is centered on two large granite intrusives that, along with adjacent sedimentary rocks, have potential to host poly-metallic skarn mineralization (Exhibit A). Information from the recently completed airborne geophysical survey has outlined a 4-kilometre-long zone of highly magnetic rocks at the terminus of the till anomaly that forms a compelling exploration target (Exhibit B). Additionally, initial prospecting has located numerous quartz-vein boulders throughout the target area, as well as historic undocumented trenches that require follow-up exploration. Historic samples taken within the target region demonstrate gold in till values ranging from 0 to 7,000 parts per billion ("ppb") gold, with 20 of these samples assaying above 220 ppb gold within the target area. Using this information, the Company is planning a program of geological mapping and prospecting, soil and till geochemistry, as well as targeted ground geophysical surveys to identify specific drill targets.

Signal Gold Inc. ("Signal Gold" or the "Company") (TSX:SGNL)(OTCQX:SGNLF) is pleased to announce its exploration program at the Fowler target, located along strike to the east of the multi-million-ounce Goldboro Deposit1. The Fowler target is located within the Goldboro Trend, a 28-kilometre-long geological trend defined by an anticlinal fold structure that hosts the Goldboro Deposit. The Fowler target is part of an initial group of high-priority regional growth targets identified from an airborne geophysical survey across the Company's extensive exploration property of approximately 27,200 hectares (~272 km2) in the Goldboro Gold District (Exhibit A). The Company recently collected 335 soil samples at Fowler to complement existing historical sampling and surveys, which assayed up to 144 ppb gold with 51 samples assaying 10 ppb gold and above. The Company is initiating an exploration program that will include geological mapping, prospecting, surface geochemical sampling, and ground geophysics, with the aim of identifying drill specific targets to discover gold mineralization at Fowler