Vancouver, B.C. – October 14, 2026 – TheNewswire - South Atlantic Gold Inc. (“South Atlantic” or the “Company”) (TSX-V: SAO) announces a change of the Company's auditor. At the request of the Company, Smythe LLP (the "Former Auditor") has resigned as auditor of the Company effective October 14,  2026. The audit committee and board of directors of the Company have appointed Davidson & Company LLP as the successor auditor, effective October 14, 2026 (the "Successor Auditor") until the close of the next annual general meeting of the Company.

The Company has sent a Notice of Change of Auditor (the "Notice") to the Former Auditor and to the Successor Auditor and has received a letter from each, addressed to the securities commissions in each of Alberta, British Columbia and Ontario stating that they agree with the information contained in the Notice. The Notice together with the letter from the Former Auditor and the letter from the Successor Auditor have been reviewed and approved by the Company's board of directors and are available on the SEDAR+ website at www.sedarplus.ca.

There were no disagreements or unresolved issues between the Company and the Former Auditor on any matter of audit scope or procedures, accounting principles or policies, or financial statement disclosure. It is the Company's opinion that there have been no "reportable events" (as defined in National Instrument 51-102 – Continuous Disclosure Obligations) between the Company and the Former Auditor. 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.

About South Atlantic Gold Inc.

South Atlantic is an exploration company engaged in acquiring and advancing mineral properties in the Americas.  For further information, please visit our website at www.southatlanticgold.com.

ON BEHALF OF THE BOARD

Douglas Meirelles, President and CEO

For more information regarding this news release, please contact:

Douglas Meirelles, President and CEO

T: 250-762-5777
Email: ir@southatlanticgold.com

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.

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