South Atlantic Gold Changes Auditors to Davidson & Company

South Atlantic Gold Inc., a Vancouver-based exploration company, announced a significant change in its auditing process on October 14, 2026. The company has replaced its former auditor, Smythe LLP, with Davidson & Company LLP, effective immediately.

According to the press release, the decision to change auditors was made at the request of South Atlantic Gold Inc. The audit committee and board of directors of the company have appointed Davidson & Company LLP as the successor auditor. This change will remain in effect until the close of the next annual general meeting of the company.

The release notes that there were no disagreements or unresolved issues between the company and the former auditor, Smythe LLP, on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. The former auditor did not provide a modified opinion in their auditor's report for the financial statements of the company for the fiscal years ended February 28, 2025, and February 28, 2026.

To ensure transparency, South Atlantic Gold Inc. has sent a Notice of Change of Auditor to both the former and successor auditors. Both parties have agreed to the information contained in the notice and have provided letters to the securities commissions in Alberta, British Columbia, and Ontario. These documents have been reviewed and approved by the company's board of directors and are available on the SEDAR+ website at www.sedarplus.ca.

This change in auditors is a routine corporate action and does not indicate any specific financial or operational concerns. South Atlantic Gold Inc. remains focused on its exploration activities in the Americas and continues to engage with stakeholders to advance its mineral properties.

The Notice of Change of Auditor, along with the letters from the former and successor auditors, have been made available on the SEDAR+ website. These documents provide detailed information regarding the change and the agreement between the parties involved. South Atlantic Gold Inc. encourages all stakeholders to review these documents for their own records and to ensure compliance with regulatory requirements.

The company's commitment to transparency and accountability is evident in this decision. The appointment of Davidson & Company LLP as the successor auditor reflects the company's ongoing efforts to maintain robust financial reporting practices.