BULLFROG GOLD PROVIDES EXPLORATION UPDATE

VANCOUVER, BC, Oct. 15, 2026 /CNW/ -- Bullfrog Gold Corporation ("Bullfrog Gold") (TSX-V: FROG) (OTCQB: BFROF) provides results from surface exploration work at South Bullfrog including geological mapping, rock sampling and prospecting as part of ongoing preparation for diamond drilling scheduled for Q4 2026. Results from field work enhance drill targetting on the fully permitted Longtail and Shingleback exploration targets and support ongoing permitting and drill advancement efforts at the Bottoms Up, Tadpole (newly identified, see below), Sledge, and SE Block targets. 

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 - The South Bullfrog Project is centrally located in the Beatty District surrounded by AngloGold’s development assets where widespread steam-heated epithermal gold style alteration is evident along the margin of the Oasis Valley Caldera4. Alteration likely occurs under shallow post mineral cover over much of South Bullfrog.

Figure 3 – Priority drill hole locations (Shingleback and Longtail) and arsenic enhanced rock sample results from the South Bullfrog 20026 summer program, there have been 765 rock samples collected at South Bullfrog, 104 were collected as part of the 2026 summer exploration program.

Priority drill hole locations (Shingleback and Longtail) antimony and enhanced rock sample results from the South Bullfrog 20026 summer program, there have been 765 rock samples collected at South Bullfrog, 104 were collected as part of the 2026 summer exploration program.

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 in Q4 2026.

• 2026 summer field program enhanced drill targeting throughout South Bullfrog and identified the new Tadpole target and an emerging target northeast of the SE Block.

• Near-term discovery potential of this covered land position for oxide gold mineralization based on exposed favourable host rocks and widespread hydrothermal alteration.

• Follow up exploration work will involve continued geological mapping and geochemical sampling and mapping at the SE Block, Tadpole, Sourdough and Bottoms Up targets.

"Historical and newly acquired surface exploration data demonstrate the exploration potential of South Bullfrog which is centrally located in the heart of the Beatty Gold District," comments Ian Slater, Chairman and CEO. "Our recent field activities have increased our confidence in all of the high-priority targets including the identification of the new Tadpole target, increasing the size of Bottoms Up and the confirmation of intense steam heated alteration and new geochemistry throughout the SE Block." 

Significant advancements from the results of the summer program include the identification of the Tadpole target (pathfinder geochemistry, surface alteration), anomalous pathfinder geochemistry in the northeastern part of the SE Block (emerging target), the expansion the Bottoms up target (surface geochemistry and alteration) and the identification of additional distal fluid flow indicators (gold/arsenic/antimony) at Longtail, Shingleback, Sledge and the emerging SE Block where there is the most intense steam heated alteration at surface at South Bullfrog.

Recent exploration activities at South Bullfrog leverage the limited bedrock exposure to vector toward gold mineralization using proven exploration tools and methods. Exploration focused on lithological, structural and alteration mapping to further constrain the subsurface geology (3D geometry) and refine the locations of drill hole locations. Rock geochemical sampling was conducted to identify fluid pathways in the distal environment (gold and pathfinder elements including mercury, arsenic and antimony) which can be used to vector toward gold mineralization (Figure 3).

Private Placement Finders Fees 

Further to the press release of October 6, 2026, Bullfrog Gold paid an aggregate cash finder's fee of $293,850 and issued 1,424,250 non-transferable finder warrants, exercisable at a price of C$0.20 per common share, expiring October 5, 2028.

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 three 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.

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], www.bullfroggold.ca