BULLFROG GOLD ANNOUNCES CONCURRENT DRILLING AND FIELD PROGRAM AT SOUTH BULLFROG

VANCOUVER, BC, Nov. 12, 2026 /CNW/ -- Bullfrog Gold Corporation ("Bullfrog Gold") (TSXV: FROG) (OTCQB: BFROF) announces that drilling will commence at South Bullfrog focusing on the fully permitted Longtail and Shingleback targets (Figure 1). In addition, Bullfrog Gold will concurrently resume surface exploration on the seven existing target areas and the emerging Frogspawn target area northeast of SE Block (Figure 1). Bullfrog Gold is planning to deploy approximately 3,000 meters of diamond drilling at Longtail and Shingleback with a planned start date of November 28, 2026. Assay results for this drilling program are anticipated in Q1 2027.

Figure 1 - The South Bullfrog Project is centrally located in the Beatty District surrounded by AngloGold’s Bullfrog, North Bullfrog and Arthur development projects.4 For a complete summary of Anglo Gold’s resources and reserves see Table 1 (below).

Figure 2 – Permitted drill hole locations at Longtail in the context of the surface alteration, mercury soil response and surface traces of the IP resistivity (high) and chargeability (high) features.

Figure 3 Cross-section showing the location of planned holes associated with a resistive zone near the confluence of the Longtail and Bounding faults directly beneath a broad magnetic low feature.

Figure 4. Geological map showing the location of permitted pads and proposed holes at the Shingleback target.

Figure 5. Cross-section showcasing proposed hole #1 at Shingleback. The hole is oriented to test a subsurface IP (resistivity feature) associated with a brittle damage zone (fault) below an area of extensive silicification and clay alteration in an area with historic shafts, adits and workings.

Table 1 – Summary of mineral resources and reserves for AngloGold’s deposits in the Beatty District 4, 5,6,7.

Table 1 – Summary of mineral resources and reserves for AngloGold’s deposits in the Beatty District 4, 5,6,7.

Bullfrog Gold holds a 100% interest in the 10,050 acre South Bullfrog gold project located in the heart of the Beatty District in the Walker Lane Trend in Nevada, surrounded by AngloGold's Bullfrog, North Bullfrog, and Arthur development projects (Figure 1).^1,2,4

HIGHLIGHTS

• Drilling to commence at Longtail and Shingleback on November 28, 2026.
  
  
• Surface exploration will resume concurrently with the drill program and includes structural and lithological geological mapping, surface alteration confirmation, and a new geochemical leakage sampling program.
  
  
• Near-term discovery potential of this covered land position for oxide gold mineralization based on exposed favourable host rocks and widespread hydrothermal alteration.

"After five years of systematically advancing South Bullfrog we are commencing drilling of these exciting targets in the heart of the Beatty Gold District," comments Ian Slater, Founder and CEO. "Our ongoing field activities also continue to identify new pipeline targets including the Tadpole target along the Montgomery-Shoshone fault and the emerging Frogspawn target in the SE which consists of extensive alteration and highly anomalous pathfinder minerals in rock samples along splays from the Flourspar Canyon fault." 

Longtail Drilling

Longtail emerged as high-priority drill target due to coincident favourable host rocks, north trending damage zones (faults), alteration (Spectir, terraspec SWIR silica, clay), pathfinder geochemistry (rocks/soils mercury, arsenic and antimony) and geophysical (magnetics, gravity, IP) features. Four diamond drill holes to an average depth of 300 metres from three drill pads are planned (Figures 2 and 3). These holes are targeting a resistivity anomaly near the confluence of the Longtail and Bonding faults beneath a broad magnetic low feature. Surface alteration is evident in windows through the shallow alluvial cover with coincident anomalous mercury in rocks and soils.

Shingleback Drilling

Shingleback emerged as high-priority drill target due to coincident lithological, structural, alteration (Spectir/Terraspec SWIR silica and clay), pathfinder geochemistry (rocks/soil mercury, arsenic and antimony) and geophysical (magnetics, gravity, IP) features. Four diamond drill holes to a depth of 300 metres from separate drill pads are planned (Figures 4 and 5). Multiple holes are permitted from each pad. The first hole is targeting a resistivity anomaly near the confluence of the Basalt and T.S. faults. This brittle damage zone is below an area of extensive silicification and clay alteration in an area with historic shafts, adits and workings.

Surface Exploration Program

Bullfrog Gold is also commencing a surface program designed to leverage additional lithological and structural mapping, alteration verification, surface rock sampling and leakage sampling focused on fractures to enhance drill targeting. Surface exploration will cover all target areas but will focus on the new Tadpole, SE Block and the emerging Frogspawn targets (Figure 1).

Options

Bullfrog Gold has granted 3,900,000 stock options at an exercise price of $0.15, with a five year term expiring November 10, 2031 to employees, directors, and officers of the company.

Technical Information

All scientific and technical information in this news release has been prepared by, or approved by Daniel MacNeil, P.Geo. Mr. MacNeil is the Vice President of Exploration for Bullfrog Gold and is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Bullfrog Gold

Bullfrog Gold Corporation holds a 100% interest in the South Bullfrog gold project consisting of 488 BLM claims covering 10,050 acres in the heart of the Beatty District. The district was consolidated between 2021 and 2025 by AngloGold through the acquisitions of Corvus Gold (US$371M), Coeur Sterling (US$150M), and Augusta Gold ($197M).^1,2,3,4 South Bullfrog is centrally located between AngloGold's Bullfrog, North Bullfrog, and Arthur development projects, with gold reserves totaling 6 million ounces Probable (164.65mt at 1.14 g/t Au) and gold resources (excluding reserves) of 7.6 million ounces Measured & Indicated (345.24mt at 0.69 g/t Au) and 8 million ounces Inferred (320.03mt at 0.78 g/t Au).^4,5,6,7

At South Bullfrog two targets are drill permitted (Longtail and Shingleback) with five additional targets currently being permitted. These drill ready gold targets are supported by historic workings, surface pathfinder rock and soil geochemistry, surface alteration, magnetic, electromagnetic and gravity geophysics, and favourable host rocks.

www.bullfroggold.ca

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

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about Bullfrog Gold's plans. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Bullfrog Gold, including the assumption that approvals will be obtained. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, an inability to access financing as needed. Bullfrog Gold cautions the reader that the above list of risk factors is not exhaustive. Except as required under applicable securities legislation, Bullfrog Gold undertakes no obligation to publicly update or revise forward-looking information.

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¹ "Anglogold Ashanti Signs Definitive Agreement to Acquire Corvus and Consolidate the Beatty District of Nevada" press release dated September 13, 2021

² "Anglogold Ashanti Agrees to Acquire Augusta Gold to Further Consolidate Nevada District" press release dated July 16^th, 2025

³ "AngloGold Ashanti Builds on Award-Winning Discovery, Advancing Arthur Gold Project in Nevada with first-time 4.9Moz Mineral Reserve and Robust PFS Economics" press release dated March 26^th, 2026

⁴ Technical information regarding exploration, development and mining of projects outside the South Bullfrog claim block are provided for geological context. The company holds no interest in the adjacent properties, and this information is drawn from publicly available records (see above) and has not been independently verified by the company's Qualified Person. Management cautions investors that mineralization on adjacent properties is not necessarily indicative of mineralization on the company's property, and there is no certainty that similar geological characteristics or resource grades will be discovered within the company's claim boundaries.

⁵"AngloGold Ashanti Mineral Resource and Reserve Report (2025)" dated December 31^st, 2025

⁶ "AngloGold Ashanti Mineral Resource and Reserve Report (2024)^" dated December 31^st, 2024

⁷ "Augusta Gold Corp. Technical Report and Mineral Resource Estimate for the Bullfrog Gold Project" dated December 31^st, 2021

SOURCE Bullfrog Gold Corporation

Additional Information: Michael Slater, Investor Relations, [phone], [email protected]