Black Dragon Gold Corp. provided the following quarterly activities report for the period ending 30 September 2023. During the quarter, Black Dragon identified received assay results from a maiden shallow drilling programme conducted at the Padbury Gold Project northwest of Meekatharra, Western Australia.

Drilling consisted of 10 reverse circulation (RC) holes for 1038m targeting beneath surface gold anomalies, and followed a comprehensive soil sampling program that collected and tested more than 540 samples in late 2022. Assay results yielded low-level anomalous gold in several parts of the system. Laboratory XRF analysis indicated the presence of multi-element anomalous silver, copper and sulphur, suggesting the Padbury granitoid has been subjected to mineralising activity, however the occurrence of extensive surface gold nugget occurrences is yet to be explained.

Multi-element assay results included: 2m @ 37g/t Ag from 49m in hole PRC004; 3m @ 379ppm Cu from 7m in hole PRC006; 2m @ 2049ppm Pb from 3m in hole PRC004. 3m @ 1.8% S from 5m in hole PRC007. Salave Gold Project in northern Spain moves forward.

Black Dragon proactively approached the ruling party with a view of reinforcing the significant economic and social benefits the Salave Gold Project will bring to the region once operational. Company representatives remain in constant communication with the Asturian Regional Government to progress EIA approvals and relevant zoning changes for Salave Gold critical to its development pathway. Next operational steps.

Black Dragon continues taking a responsible fiscal approach while looking at potential exploration activity for the 100%-owned Padbury Gold Extension (E51/1969) and Ivan Well (E69/3818) exploration licences. Ongoing liaison and outreach with relevant Spanish officials and regulatory bodies as the EIA progresses remains a priority with regard to the Salave Gold Project.