Stellar AfricaGold (TSXV:SPX) has provided an update on exploration and drilling activities at its Tichka Est Gold Project, located in the High Atlas region of Morocco, outlining progress achieved to date, the current status of drilling and assay work, and the operational impacts of recent weather disruptions. The update was issued from Vancouver, British Columbia, on January 7, 2026, through TheNewswire.

The Tichka Est Gold Project sits at an elevation of approximately 2,500 meters and is subject to challenging seasonal conditions. As of December 12, 2025, the Company had completed eight diamond drill holes as part of its ongoing drill campaign. These holes total 1,311.9 meters of drilling, with an average drilling rate of approximately 11 meters per operating day. The drilling program was designed to reach a planned total of 1,500 meters, leaving two additional holes yet to be completed.

Since mid-December, drilling operations have been suspended due to exceptional inclement weather in the project area. According to the Company, heavy rainfall combined with repeated snowfall events has significantly affected site access and infrastructure. While the Tichka Est area is located in a mountainous region where weather variability is expected, the duration and intensity of these conditions have been described as relatively unusual for this part of Morocco.

The adverse weather has resulted in degraded access roads leading to the drill sites, rendering them impassable at times and interrupting the safe movement of personnel, drilling equipment, water supplies, and other logistical support. Stellar reported that its field team has made ongoing efforts to rehabilitate and stabilize the road network; however, repeated episodes of rain and snow have repeatedly reversed progress and forced additional closures of key access routes. The Company emphasized that personnel safety and the protection of equipment remain its primary considerations, and drilling will only resume once conditions improve sufficiently to ensure safe and reliable operations.

Despite the weather-related interruption, sampling and analytical work has continued on completed drill holes. Of the eight holes drilled to date, five have been fully sampled and assayed. These include drill hole TCK1, which was previously reported in an October 2, 2025 news release. TCK1 intersected multiple gold-bearing intervals, including 13 meters grading 6.12 grams per tonne gold, within which 2 meters graded 22.28 grams per tonne gold, as well as 16 meters grading 1.98 grams per tonne gold, including a 1-meter interval grading 11.55 grams per tonne gold.

Assay results from these completed holes are currently being reviewed and analyzed by the Company’s technical team. One additional drill hole has been sampled and is presently undergoing analysis at Afrilab, an ISO-certified laboratory located in Marrakech. Core from two other drill holes remains at the Tichka Est project site and is awaiting transport to Afrilab for laboratory analysis once access conditions allow.

Stellar indicated that all pending assay results will be released once they have been received, validated, compiled, and fully integrated into the Company’s geological working model. The remaining two drill holes, once completed, will conclude the current planned 1,500-meter drill program.

Looking ahead, the Company outlined several next steps to be undertaken over the coming weeks. These include resuming drilling operations as soon as weather conditions permit and access roads have been adequately rehabilitated, continuing the integration of drill assay data and structural measurements, updating lithological and alteration models, and prioritizing targets for a subsequent drill campaign.

Commenting on the program, Chief Executive Officer J. François Lalonde acknowledged the operational challenges posed by the recent weather while noting the progress achieved before the suspension. He stated that, despite the unavoidable interruption, the Company remains encouraged by the technical work completed during the campaign and by the commitment of the on-site team. According to Lalonde, the structural model developed for Tichka Est remains valid, and the potential to expand mineralized zones within and beyond the Zone B structural corridor continues to be considered strong. He added that the Company anticipates resuming drilling and advancing surface prospecting activities once weather conditions allow operations to proceed safely and efficiently.

The technical information disclosed in the update has been reviewed and approved by Yassine Belkabir, CEng MIMMM, a Selar director and a Qualified Person as defined under National Instrument 43-101. The Tichka Est Gold Project consists of seven exploration permits covering a combined area of approximately 82 square kilometers in the High Atlas region of Morocco, about 90 kilometers south of Marrakech. Under an earn-in agreement with Morocco’s National Office for Hydrocarbons and Mining (ONYHM), Stellar can earn up to an 85% interest in the project by incurring exploration expenditures totaling US$2.39 million, or approximately C$3.5 million, over a three-year period.

Early-stage exploration activities at Tichka Est, including geological mapping, surface sampling, trenching, and a first-pass reverse circulation drill program, have identified three gold-bearing zones. Zone A extends over approximately 450 meters along strike, while Zones B and C each extend for roughly two kilometers along strike. In addition to these zones, regional stream sediment sampling conducted over a 12-square-kilometer area surrounding the known mineralized zones has identified numerous other anomalous areas that warrant further investigation. These include six zones anomalous for gold, five zones anomalous for silver, two zones anomalous for copper, and three zones anomalous for lead and zinc. The Company noted that most areas within the seven permits have not been subject to modern exploration.