Stellar AfricaGold Inc. Announces Grant of Incentive Stock Options and Performance Share Units

Vancouver, BC – August 28, 2026 – Leads & Copy – Stellar AfricaGold Inc. (TSXV: SPX, TGAT: 6YP and FSX: 6YP) has announced the granting of incentive stock options and performance share units (PSUs) as part of its Omnibus Long-Term Incentive Plan (LTIP). The company has granted an aggregate of 1,750,000 incentive stock options to five directors and one employee. These options are exercisable at $0.12 per share and are valid until August 28, 2031.

In addition to the stock options, Stellar has granted 100,000 Performance Share Units (PSUs) to Dr. Paul Kitto, a director and senior geological consultant. These PSUs are contingent upon the company achieving a total of 600,000 ounces of Inferred and Indicated gold resources. With previous grants, Dr. Kitto's total PSUs now stand at 750,000, tied to incremental milestones of gold resources discovered. Each PSU allows the holder to acquire one common share of the Company for nil consideration upon certain exploration milestones being met. Specifically, the common shares will be issued once the Company incrementally defines cumulative National Instrument 43-101 compliant Inferred and Indicated gold resources aggregating 600,000 ounces of gold resources. These currently granted PSUs will vest 12 months from the date of grant, on August 28, 2027, and the grant is subject to acceptance by the TSX Venture Exchange.

Stellar AfricaGold Inc. is a Canadian precious metals exploration company with a focus on North and West Africa, maintaining active exploration programs in Morocco and Côte d'Ivoire. The Company's primary projects include the Tichka Est Gold Project in Morocco, where a gold discovery is being advanced with a fully-funded 5,000-meter diamond drilling program planned for the fall and winter of 2026. In Côte d'Ivoire, the Zuénoula Gold Project is operated under an earn-in and joint venture agreement with MetalsGrove Mining Limited, with a fully-funded 10,000-meter auger drilling program currently in progress.

The company's common shares trade on the TSX Venture Exchange under the symbol SPX, on the Tradegate Exchange as TGAT: 6YP, and on the Frankfurt Stock Exchange as FSX: 6YP. Stellar's head office is located in Vancouver, BC, and it also maintains a country office in Marrakech, Morocco.

Source: Stellar AfricaGold Inc.