Bullion Gold Acquires 100% of the Terragold Project and Consolidates a Strategic Gold Asset Ready to Announce with Confidence?
Montreal, Quebec--(Newsfile Corp. - January 26, 2026) - Bullion Gold Resources Corp. (TSXV: BGD) ("Bullion Gold" or the "Company") is pleased to announce the signing of an amendment to the original acquisition agreements for the Transterre and Transterre-Ouest properties, now unified under the name Terragold Project.
A Streamlined Transaction for Increased Value
To finalize the complete (100%) acquisition of Terragold, the Company will issue a total of 3.5 million common shares. This revised agreement allows Bullion Gold to eliminate its future payment obligations or completion milestones set out in the initial agreement, thereby simplifying its capital structure while taking full control of a promising asset.
Located in a highly prospective geological sector, the Terragold project represents another key piece of Bullion Gold's growth strategy. By consolidating the Transterre and Transterre-Ouest blocks, the Company optimizes its exploration and development capacity across the entire structure.
"This acquisition secures full ownership of Terragold for consideration solely in shares. We are thus preserving our cash while providing our shareholders with maximum exposure to the potential of this additional gold project," stated Mr. Guy Morissette, CEO of the Company.
A New Interpretation
The decision to consolidate the asset at 100% is based on an in-depth compilation of historical work which revealed that the drilling carried out by Kerr Addison in 1984 (GM 40993) was mislocated in government databases (SIGEOM).
The Company has therefore decided not to consider the high-grade historical results mentioned in Transterre's historical reports, but to stick solely to the lower-grade results, which seem to better correspond to the results from Kerr Addison and Groupe Minier Sullivan.
"This project remains interesting nonetheless for its potential as a low-grade, open-pit deposit. The gold corridor was intersected over more than 1.2 km in the Transterre zone and extends for approximately 1 km towards the Candore showing, located in the eastern part of the Terragold project. Today, with a value of over US$140 per gram of gold, this makes the concept of a low-grade gold deposit exploitable by open pit more attractive. As an example, low-grade deposits such as Côté Lake (IAMGOLD) or Detour Lake (Agnico-Eagle) have become world-class gold projects," highlighted the Company's CEO, Mr. Guy Morissette.
Location and Project Description
The Terragold project consists of 36 mining claims (approximately 2,060 hectares) located 12 km south-southeast of Senneterre, in Abitibi. The site is accessible year-round via secondary roads and logging paths.
Terragold Project
The main Transterre gold showing was discovered in the early 1960s by prospector Amédé Jolin. Historical drilling on the Terragold project by Transterre Explorations, Groupe Minier Sullivan, Senneterre-Goldfield, Kerr Addison, and Candore Exploration suggests a low-grade gold corridor over more than 2.2 km. Everything remains open both laterally and at depth.
Link To Figure 1
Correction
In the press release dated November 26, 2025, an error occurred regarding the acquisition agreement (100%) for the Candore property, located in the eastern extension of the Terragold project. The mentioned acquisition cost should have read as 50,000 common shares instead of $50,000 in cash.
Qualified Person
Scientific and technical information presented in this release has been reviewed and approved by Gilles Laverdière, P.Geo. Mr. Laverdière is a geologist, Chairman of the Board of Bullion Gold, and a Qualified Person as defined by National Instrument 43-101 on Standards of Disclosure for Mineral Projects ("NI 43-101").
About Bullion Gold Resources
Bullion Gold Resources is a junior mining exploration company operating primarily in Quebec, specifically in the Abitibi and James Bay mining regions. The Company holds a 100% interest in the Bousquet (Au), Cadillac-Extension (Langlade prospect - VMS), and Bodo (polymetallic) projects.
The Bousquet project has been optioned by the Australian company Olympio Metals (Oly), which can acquire up to 80% of the gold project for $1.25 million in cash and shares, plus $2 million in exploration work. Bullion would then retain an undivided 20% interest in the project. To date, Olympio has paid $300,000 in cash and shares and has invested over $1.2 million in the Bousquet project.
The Langlade project (72 claims - 4,127 ha) is a VMS project in development. This project is open both laterally and at depth. A drilling program is scheduled to begin in February on this project.
The Bodo project (761 claims - 410 km²) is an early-stage exploration project. Anomalous and indicative occurrences of critical and strategic minerals (Au, Ag, Cu, Zn, Li, Pb, Co, Mn) were recorded across the entire project in 2024 and 2025. The main showings — Rivon Lake, Canico, Licé, Tichégami, and Didi — present polymetallic, VMS, and IOC potential. This project will be subject to further exploration work in 2026.
For further information, please contact:
Guy Morissette
President and CEO
gmorissette@bulliongold.ca
Other Information
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts no responsibility for the veracity or accuracy of its content.
Forward-Looking Statements: This press release contains forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. The forward-looking statements are based on certain key expectations and assumptions made by the Corporation. Although Bullion Gold believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Bullion Gold can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. In addition to other risks that may affect the forward-looking statements in this press release are those set out in the Corporation's management discussion and analysis of the financial condition and results of operations for the year ended December 31, 2024 and the third quarter ended September 30, 2025, which are available on the Corporation's profile at www.sedarplus.ca. The forward-looking statements contained in this press release are made as of the date hereof and Bullion Gold undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281582
Source: Bullion Gold Resources Corporation
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