Quimbaya Gold Mobilizes Additional Drill Rig for Tahami South Project

Quimbaya Gold Inc. (CSE: QIM) (OTCQX: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") has announced the mobilization of an additional diamond drill rig to its Tahami South silver and gold project in the Segovia district, Antioquia, Colombia. This move marks a significant step in the company’s exploration efforts, as it commences Phase 2 drilling on the S and V vein systems, in addition to ongoing drilling at the Tahami Center copper-molybdenum porphyry system.

The Phase 2 drilling program is designed to test the continuity and geometry of the mineralized structures identified in Phase 1. According to the company, Phase 1 drilling returned high-grade silver and gold intercepts, including 0.77 grams per tonne (g/t) gold and 528 grams per tonne (g/t) silver over 1.0 meter in TSDH_007, and 2.57 g/t gold and 378.1 g/t silver over 0.9 meter in TSDH_003. These results, disclosed on January 14, 2026, were part of a broader program that intersected both the S and V vein systems, with 13 intercepts above a 0.3 g/t gold equivalent cut-off.

The company’s Phase 2 drilling program comprises six diamond drill holes from two drill platforms. Three holes will test the S vein system, while the other three will target the V vein system. The objective is to better define the geometry and continuity of the mineralization already encountered, rather than confirming the presence of the structures, which Phase 1 has established. Drill holes are positioned on the trends defined by the ground geophysical surveys, which traced both vein systems beneath shallow cover.

Ground induced polarization, resistivity, and magnetic surveys confirmed the position and continuity of the S and V vein structures. The southern corridor, coincident with La Cianurada Creek and the associated fault system, corresponds to a coherent low-resistivity anomaly and is interpreted to represent the principal structural conduit that controlled the emplacement of the V vein system. A second corridor to the north, characterized by moderate to high resistivity values, correlates spatially with the S vein system intersected during Phase 1 drilling, likely reflecting quartz-rich vein development and associated silicification.

The higher-grade intercepts returned from TSDH_003 and TSDH_007 occur along the margins of this resistive feature, suggesting these structures focused hydrothermal fluid flow and subsequent mineral deposition. This geological relationship provides an important targeting criterion for the Phase 2 drill program.

Sampling, analytical method, and quality control procedures are in place to ensure the integrity of the data. Drill core from the Phase 1 program was logged and sampled by Company personnel under the supervision of the Qualified Person. Half core samples were prepared and assayed by SGS, an independent commercial laboratory group, with sample preparation and fire assay for gold at SGS Medellín, Colombia, and multi-element analysis at SGS Peru.

Drilling is expected to be completed in the fourth quarter of 2026, with assay results anticipated in the first quarter of 2027. The company’s next steps will be to report once the results are received, verified, and reviewed by the Qualified Person.

Figure 1, a Tahami South cross section, provides a visual representation of the interpreted S and V vein traces, the ground geophysical response, Phase 1 drill collars with the TSDH_003 and TSDH_007 intercepts annotated, and the Phase 2 collar positions. This figure offers a detailed view of the project’s layout and the areas targeted for further exploration.

Quimbaya Gold Inc. continues to advance its district-scale portfolio of more than 73,000 hectares across highly prospective mineral belts in Antioquia, Colombia. The company’s flagship Tahami Project, located in Segovia, is immediately adjacent to a prolific high-grade gold mining camp, while the Berrio and Maitamac projects are strategically positioned in Puerto Berrío and Abejorral, respectively.