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Signet Jewelers Limited (NYSE:SIG – Get Free Report) insider Stash Ptak sold 1,595 shares of the business’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $120.00, for a total value of $191,400.00. Following the completion of the transaction, the insider directly owned 20,833 shares of the company’s stock, valued at approximately $2,499,960. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Stash Ptak also recently made the following trade(s):

On Friday, October 16th, Stash Ptak sold 405 shares of Signet Jewelers stock. The shares were sold at an average price of $120.00, for a total value of $48,600.00. Signet Jewelers Stock Down 0.3% SIG opened at $118.18 on Monday. The firm has a market cap of $4.53 billion, a P/E ratio of 13.61, a PEG ratio of 0.65 and a beta of 1.10. The business’s fifty day simple moving average is $95.58 and its 200 day simple moving average is $90.36. Signet Jewelers Limited has a 52 week low of $71.61 and a 52 week high of $122.64.

Signet Jewelers (NYSE:SIG – Get Free Report) last announced its earnings results on Wednesday, September 9th. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.50. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. Signet Jewelers had a net margin of 5.19% and a return on equity of 23.28%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 EPS. Signet Jewelers has set its FY 2027 guidance at 10.450-12.150 EPS. As a group, equities analysts expect that Signet Jewelers Limited will post 11.70 EPS for the current fiscal year. Signet Jewelers Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 23rd will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 23rd. Signet Jewelers’s payout ratio is currently 16.13%.

Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently modified their holdings of SIG. Ameritas Advisory Services LLC acquired a new stake in shares of Signet Jewelers in the second quarter worth approximately $32,000. Parallel Advisors LLC grew its holdings in Signet Jewelers by 101.0% in the first quarter. Parallel Advisors LLC now owns 394 shares of the company’s stock valued at $33,000 after purchasing an additional 198 shares during the period. Farther Finance Advisors LLC grew its holdings in Signet Jewelers by 46.2% in the third quarter. Farther Finance Advisors LLC now owns 842 shares of the company’s stock valued at $86,000 after purchasing an additional 266 shares during the period. Central Pacific Bank Trust Division acquired a new position in Signet Jewelers during the second quarter worth approximately $139,000. Finally, Leonteq Securities AG increased its position in Signet Jewelers by 747.8% during the first quarter. Leonteq Securities AG now owns 1,721 shares of the company’s stock worth $146,000 after purchasing an additional 1,518 shares during the last quarter.

More Signet Jewelers News Here are the key news stories impacting Signet Jewelers this week:

Positive Sentiment: Signet is reportedly considering joining a bidder group with Richemont to acquire a small stake in De Beers. Such a move could strengthen Signet’s access to the diamond supply chain and provide strategic influence during a difficult period for the diamond industry. Richemont and Signet reportedly interested in acquiring De Beers Positive Sentiment: Analysts’ value-focused coverage highlights Signet’s relatively attractive valuation, including a trailing price-to-earnings ratio around 13.6 and a PEG ratio near 0.6. The company also recently exceeded quarterly EPS expectations, supporting the recent increase in its shares. Are Investors Undervaluing Signet Jewelers? Neutral Sentiment: Signet has reached a fresh 52-week high following a 9.5% prior-session surge on above-average volume, indicating strong momentum. Nonetheless, the analysis notes that recent earnings-estimate revisions do not clearly support continued strength. Signet surges 9.5 percent Negative Sentiment: Insider Stash Ptak sold a combined 2,000 Signet shares for approximately $240,000. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, reducing their negative signaling, but the sales could still weigh modestly on sentiment after the stock’s strong run. Signet insider transaction filing Analysts Set New Price Targets A number of analysts recently issued reports on the stock. Stephens restated an “overweight” rating and set a $130.00 target price on shares of Signet Jewelers in a research report on Tuesday, September 8th. Citigroup lifted their target price on shares of Signet Jewelers from $120.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Bank of America boosted their price target on Signet Jewelers from $102.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday, September 10th. Raymond James Financial boosted their price target on Signet Jewelers from $100.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, September 10th. Finally, Jefferies Financial Group increased their price target on Signet Jewelers from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $125.56.

Read Our Latest Research Report on Signet Jewelers

(Get Free Report)

Signet Jewelers Limited (NYSE:SIG) is a specialty jewelry retailer that operates through a portfolio of branded stores and online platforms. Its businesses sell diamond, bridal and fashion jewelry, watches, gifts and related accessories, while also providing services such as jewelry repair, customization and financing.

The company’s principal retail brands include Kay Jewelers, Zales, Jared, Diamonds Direct, James Allen, Peoples and Banter by Piercing Pagoda. These brands serve customers through a combination of mall-based and off-mall stores, standalone locations, digital commerce platforms and specialty formats, with offerings positioned across a range of price points and shopping occasions.

Signet primarily serves customers in the United States, Canada and the United Kingdom.

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Shares of Signet Jewelers (SIG +1.88%) were moving higher last month as the world's largest retailer of diamond jewelry reported better-than-expected results in its second-quarter earnings report and announced an accelerated share repurchase program.

Investors cheered the news, and by the end of the month, the stock had finished up 24%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, the stock soared on the report and stayed up from there.

SIG data by YCharts

Signet dazzles in its Q2Signet has traded sideways over the last few years, as the value stock has struggled to deliver consistent growth. However, in the second quarter, Signet delivered strong numbers across the board.

The company reported same-store sales growth of 2.2%, while revenue was down 0.5%. That reflects its store rationalization program as the company is focused on trimming its footprint to invest in its highest-performing stores. Revenue of $1.53 billion matched estimates, but what was more impressive was Signet's performance further down the income statement.

Adjusted earnings per share jumped from $1.61 to $2.19, well ahead of the consensus at $1.74, as the company gained leverage from its same-store sales growth, lifted its gross margin by 80 basis points, and cut selling, general, and administrative expenses by 2.4%. Adjusted operating income rose from $85.4 million to $107.2 million, benefiting from buybacks as shares outstanding fell by 4%.

It also raised its full-year adjusted EPS guidance from $9.20-$11.00 to $10.45-$12.15, indicating it expects margins to continue to improve in the second half of the year.

Investors were also pleased with the company's new $125 million accelerated share repurchase program, which is roughly 3% of its market cap.

Image source: Getty Images.

What's next for SignetSignet has struggled to grow comparable sales and earnings per share in recent years, but the company now sees full-year comparable sales of flat to 2.5%.

Based on its updated guidance, Signet now trades at a price-to-earnings ratio of around 9, which is attractive for an industry leader, especially if it can continue to deliver same-store sales growth and buy back its stock.

If it can deliver more cost cuts, that will only increase its upside potential. Keep an eye on comparable sales going forward, as positive growth in that metric will push the stock higher.

Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Key Takeaways SIG posted 2.2% fiscal Q2 same-store sales growth, with gains in every month of the quarter.Premium demand led growth, with high-single-digit comps above $2,000 and nearly double-digit timepiece gains.SIG sees fiscal 2027 comps ranging from flat to up 2.5% as brand, web & assortment updates support momentum. Signet Jewelers Limited (SIG - Free Report) comparable-sales momentum reflects sharper focus on its biggest brands and shoppers seeking premium jewelry. Stronger assortments at Kay, Zales and Jared, alongside demand for bridal pieces, timepieces and services, supported growth as lower-priced fashion lagged. Merchandise refreshes and improved digital shopping could reinforce momentum heading into the holiday season.

In the second quarter of fiscal 2027, same-store sales rose 2.2% year over year, marking the fifth positive quarter in the past six. Comparable sales advanced in every month. North American same-store sales grew 1.9% and international comps climbed 6%, supported by strength in the United Kingdom. Physical-store comps increased 2.3% year over year.

Premium demand stood out. Management cited high-single-digit comp growth at price points above $2,000 and high-single-digit unit growth at higher prices. Timepieces delivered nearly double-digit comp gains, while bridal rose in the low single digits. Merchandise average unit retail increased about 6%. Fashion comps declined 1%, pressured by Banter and lower-priced items, although middle- and higher-priced fashion jewelry grew.

Signet is building on the performance with Kay’s “Love All In” campaign and redesigned Kay and Jared websites. Management reported encouraging early engagement on the refreshed sites, with a Zales redesign planned next. Assortment updates and targeted marketing could help its three largest brands turn customer interest into holiday sales.

The company now expects fiscal 2027 comps to range from flat to up 2.5%, raising the low end of its previous outlook. Its third-quarter guidance calls for comps between a 1% decline and a 2% increase. Continued assortment refreshes, website improvements and brand campaigns position the company to build on its comp sales momentum.

What the Latest Metrics Say About SignetSIG stock has risen 18.1% over the past three months compared with the industry’s 8.9% growth. 

Image Source: Zacks Investment Research

Signet’s forward 12-month price-to-sales ratio of 0.56 reflects a lower valuation compared with the industry’s average of 1.07. It has a Value Score of A.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Signet’s fiscal 2027 and 2028 earnings implies year-over-year growth of 21.9% and 13.2%, respectively. Estimates for fiscal 2027 and 2028 have been revised upward by $1.05 and $1.46, respectively, over the past 30 days.

Image Source: Zacks Investment Research

Signet currently sports a Zacks Rank #1 (Strong Buy).

Other Stocks to ConsiderMovado Group, Inc. (MOV - Free Report) is one of the world's premier watchmakers. Movado Group designs, manufactures and distributes watches. The company sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Movado Group’s current financial-year earnings and sales suggests growth of 44.8% and 5.4%, respectively, from the year-ago actuals. MOV delivered a trailing four-quarter average earnings surprise of 117.5%.

Brilliant Earth Group Inc. (BRLT - Free Report) is a digital-first jewelry company. The company holds a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for Brilliant Earth Group’s current financial-year earnings and sales suggests growth of 333.3% and 5.2%, respectively, from the year-ago actuals.

Fossil Group, Inc. (FOSL - Free Report) is involved in designing, marketing and distributing consumer fashion accessories. The company has a Zacks Rank #2 at present.

The Zacks Consensus Estimate for Fossil Group’s current financial-year earnings and sales indicates growth of 96.7% and a decline of 4%, respectively, from the year-ago actuals.

Signet (SIG - Free Report) came out with quarterly earnings of $2.19 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +29.59%. A quarter ago, it was expected that this jewelry company would post earnings of $1.32 per share when it actually produced earnings of $1.56, delivering a surprise of +18.18%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Signet, which belongs to the Zacks Retail - Jewelry industry, posted revenues of $1.53 billion for the quarter ended July 2026, missing the Zacks Consensus Estimate by 0.04%. This compares to year-ago revenues of $1.54 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Signet shares have lost about 0.3% since the beginning of the year versus the S&P 500's gain of 12.1%.

What's Next for Signet?While Signet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Signet was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.74 on $1.39 billion in revenues for the coming quarter and $10.66 on $6.84 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Jewelry is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Retail-Wholesale sector, 1-800-Flowers.com (FLWS - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on September 10.

This flower and gift retailer is expected to post quarterly loss of $0.79 per share in its upcoming report, which represents a year-over-year change of -14.5%. The consensus EPS estimate for the quarter has been revised 1.7% lower over the last 30 days to the current level.

1-800-Flowers.com's revenues are expected to be $293.6 million, down 12.8% from the year-ago quarter.

Posted by Defense World Staff on Jul 20th, 2026

Bessemer Group Inc. lifted its stake in shares of Signet Jewelers Limited (NYSE:SIG – Free Report) by 18.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,274 shares of the company’s stock after purchasing an additional 11,926 shares during the quarter. Bessemer Group Inc. owned about 0.19% of Signet Jewelers worth $6,456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS Group AG boosted its holdings in Signet Jewelers by 185.4% in the fourth quarter. UBS Group AG now owns 545,140 shares of the company’s stock worth $45,181,000 after acquiring an additional 354,108 shares in the last quarter. M&T Bank Corp bought a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $1,053,000. Moody Aldrich Partners LLC bought a new stake in shares of Signet Jewelers during the fourth quarter valued at approximately $3,398,000. Illinois Municipal Retirement Fund raised its position in shares of Signet Jewelers by 28.3% during the first quarter. Illinois Municipal Retirement Fund now owns 100,339 shares of the company’s stock worth $8,493,000 after purchasing an additional 22,120 shares during the period. Finally, Ruffer LLP acquired a new position in shares of Signet Jewelers during the fourth quarter worth approximately $15,372,000.

Analysts Set New Price Targets SIG has been the topic of a number of recent research reports. UBS Group cut their target price on Signet Jewelers from $126.00 to $121.00 and set a “buy” rating on the stock in a report on Friday, May 22nd. Citigroup upped their price objective on shares of Signet Jewelers from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Signet Jewelers in a report on Monday, July 6th. Royal Bank Of Canada raised shares of Signet Jewelers to a “hold” rating in a research note on Monday, March 30th. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Signet Jewelers in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Signet Jewelers has an average rating of “Moderate Buy” and a consensus price target of $112.88.

Get Our Latest Stock Analysis on SIG

Signet Jewelers Stock Down 0.1% Shares of NYSE:SIG opened at $91.57 on Monday. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.96 and a beta of 1.15. Signet Jewelers Limited has a 12-month low of $71.61 and a 12-month high of $110.20. The business’s 50 day moving average is $84.44 and its 200 day moving average is $88.31.

Signet Jewelers (NYSE:SIG – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.18. Signet Jewelers had a return on equity of 22.54% and a net margin of 4.29%.The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. Signet Jewelers’s revenue was up .8% compared to the same quarter last year. Signet Jewelers has set its FY 2027 guidance at 9.200-11.000 EPS. As a group, equities research analysts expect that Signet Jewelers Limited will post 10.57 earnings per share for the current year.

Signet Jewelers Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 24th will be issued a $0.35 dividend. The ex-dividend date is Friday, July 24th. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. Signet Jewelers’s dividend payout ratio is currently 13.46%.

About Signet Jewelers (Free Report)

Signet Jewelers Ltd is the world’s largest retailer of diamond jewelry, operating a diversified network of retail stores across the United States, Canada, the United Kingdom and Ireland. Its portfolio includes well-established banners such as Kay Jewelers, Zales, Jared The Galleria of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda, offering customers a range of shopping environments from suburban malls to high-street locations.

The company’s product assortment encompasses engagement rings, wedding bands, fine fashion jewelry and timepieces, complemented by services including jewelry cleaning, repairs, appraisals and extended care plans.

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Sitka reports results for six additional diamond drill holes; continues to intercept significant intervals of high-grade gold mineralization in step out drilling at the Blackjack deposit

Drillhole DDRCCC-26-125 returned 94.5 m of 1.62 g/t Au including 2.0 m of 11.85 g/t Au, and a separate interval of 197.0 m of 1.06 g/t Au including 2.0 m of 9.95 g/t Au

Drillhole DDRCCC-26-123 returned 214.5 m of 0.97 g/t Au, including 106.9 m of 1.36 g/t Au and 2.0 m of 15.45 g/t Au

Drillhole DDRCCC-26-126 returned 153.1 m of 1.33 g/t Au, including 110.0 m of 1.63 g/t Au including 2.0 m of 12.35 g/t Au

Over 18,000 m of expansion drilling completed at the Blackjack deposit across 40 holes since the last MRE for Blackjack was published in January 2025; effectively doubling the meterage completed since the last resource estimate was calculated

Six drill rigs are currently turning on the Project at Blackjack, Rhosgobel and Saddle

Approximately 17,600 m of diamond drilling have been completed to date this year in 30 drill holes across the Blackjack and Rhosgobel deposits as part of the ongoing 60,000 m drill program planned for 2026

Vancouver, British Columbia--(Newsfile Corp. - June 23, 2026) - Sitka Gold Corp. (TSXV: SIG) (FSE: 1RF) (OTCQX: SITKF) ("Sitka" or the "Company") is pleased to announce assay results from six drill holes completed during its 2026 exploration campaign and to provide an update on the 60,000 metre diamond drilling program currently underway at its 100% owned, road accessible RC Gold Project ("RC Gold" or the "Project") in Canada's Yukon Territory. Analytical results for drill holes DDRCCC-26-122 through DDRCCC-26-127 have been received and compiled and are reported herein. These results continue to expand and infill the mineralized zone at Blackjack (see Figures 1 to 3). Highlights of the reported drill holes include DDRCCC-26-123 which returned 214.5 m of 0.97 g/t Au, including 106.9 m of 1.36 g/t Au and 2.0 m of 15.45 g/t Au, DDRCCC-26-125 which returned 94.5 m of 1.62 g/t Au including 2.0 m of 11.85 g/t Au, and a separate interval of 197.0 m of 1.06 g/t Au including 2.0 m of 9.95 g/t Au, and DDRCCC-26-126 which returned 153.1 m of 1.33 g/t Au, including 110.0 m of 1.63 g/t Au and 2.0 m of 12.35 g/t Au.

Currently, six drills are turning across the project with the goal of expanding on known gold mineralization and defining new mineralization. So far this year a total of approximately 17,600 metres have been completed in 30 drill holes at the Blackjack and Rhosgobel deposits as part of the fully-funded 60,000 metres drill program planned for 2026. Assays are pending for all remaining holes.

"These results continue to demonstrate the impressive scale, continuity and high-grade nature of the Blackjack gold deposit and further strengthen our confidence in the overall growth potential of the RC Gold Project," said Cor Coe, Director and CEO of Sitka Gold Corp. "The first holes completed this year at Blackjack have returned several broad, high-grade gold intercepts that highlight the robust nature of the mineralization and continue to expand the known limits of this wide-open deposit. Furthermore, we have now completed more than 18,000 metres of additional drilling at Blackjack since the most recent resource estimate was published in early 2025. For perspective, the current resource estimate of 1.29 million ounces of indicated gold grading 1.01 g/t gold and 1.04 million ounces of inferred gold grading 0.94 g/t gold* was based on 18,800 metres of drilling, meaning we have now effectively doubled the amount of drilling completed since that estimate was calculated. With six drills currently operating and only a portion of our fully funded 60,000 metre drill program completed, we expect a steady flow of results from Blackjack, Rhosgobel and several additional targets as we continue advancing one of Yukon's largest and fastest-growing gold systems."

*see Table A in the About the RC Gold Project section below

Figure 1: Plan map of drilling completed at the Blackjack deposit, highlighting results from drill holes reported in this news release. Over 18,000 metres of drilling across 40 drill holes has been completed in expansion drilling at Blackjack since the last MRE was published in January 2025.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/302502_1a5c3325e4a44aca_002full.jpg

Figure 2: Cross section of DDRCCC-26-123 and DDRCCC-26-126 showing broad high-grade gold intervals intercepted in the latest drilling at Blackjack.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/302502_1a5c3325e4a44aca_003full.jpg

Figure 3: Cross section of DDRCCC-26-125 showing broad high-grade gold intervals intercepted in the latest drilling at Blackjack.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/302502_1a5c3325e4a44aca_004full.jpg

Figure 4: Examples of visible gold observed in DDRCCC-26-122 (564.83m), DDRCCC-26-123 (243.75m), DDRCCC-26-125 (557.13m), and DDRCCC-26-126 (266.53m). Observations of visible gold are common in the drill core across the Clear Creek Intrusive Complex.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/302502_1a5c3325e4a44aca_005full.jpg

The 2026 drill program continues to successfully intersect broad zones of Reduced Intrusion-Related Gold mineralization at the Blackjack and Rhosgobel deposits and continues to expand and define the known gold mineralization at each area. Visible gold* has been observed associated with the RIRGS mineralization in all but one drill hole at both targets. The program will continue to define and expand these broad zones of mineralization as well as target new zones of previously defined mineralization such as the Pukelman/Contact zones, Saddle zone and Bear Paw Breccia zone.

* While visible gold observations are very encouraging and confirm the presence of gold mineralization, they are not intended to imply potential gold grades. Gold assays will be published after they are received from the lab for mineralized intervals in which visible gold particles were noted.

Figure 5: Longitudinal section showing locations of several of the intrusion targets and the current gold resources within the Clear Creek Intrusive Complex. A 60,000 metres diamond drilling program planned for 2026 will focus on further expansion of the 2 km long Blackjack-Eiger area with 15,000 metres of drilling. An additional 30,000 metres of drilling is planned at Rhosgobel to follow up on the initial diamond drilling conducted by Sitka in 2025. 10,000 metres of drilling has been allocated for the Pukelman-Contact zone and 5,000 metres of drilling will follow up on initial drilling results from Bear Paw and test other high-priority targets.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/302502_1a5c3325e4a44aca_009full.jpg

Figure 6*: A plan map of the Clear Creek Intrusive Complex (CCIC) showing the updated resource areas at Blackjack and Eiger, and the six additional areas that have drill targets indicated by the mauve hatched areas. The map highlights the numerous drill targets that Sitka has outlined within the CCIC which all are connected by the road network on the project and occur in an area measuring five (5) km north-south and twelve (12) km east-west. Additional areas highlighted by strong gold in soil anomalies are being advanced to the drill ready stage with additional geological work planned in 2026.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6144/302502_1a5c3325e4a44aca_010full.jpg

* References for Figure 6 drilling intervals:

Rhosgobel Intervals: Sitka Gold News Release dated November 25, 2024
Pukelman Intervals: Sitka Gold News Release dated January 7, 2025
Contact Intervals: O'Brien, 2010; Assessment Report, 2010 Diamond Drilling Program, Clear Creek Property (Assessment report 095539)
Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)
Bear Paw Intervals: Shutty, 2011; Assessment Report, 2011 Exploration Program, Clear Creek Property (Assessment Report 095984)

About the RC Gold Project

Sitka's 100% owned, flagship RC Gold Project consists of a 447 square kilometre contiguous district-scale land package located in the heart of Yukon's Tombstone Gold Belt. The project is located approximately 100 kilometres east of Dawson City, which has a 5,000 foot paved runway, and is accessed via a secondary gravel road from the Klondike Highway which is usable year-round and is an approximate 2 hour drive from Dawson City. It is one of the largest consolidated land packages strategically positioned mid-way between the Eagle Gold Mine and the past producing Brewery Creek Gold Mine.

The RC Project hosts an indicated MRE of 1,291,000 ounces of gold and an inferred MRE of 3,829,000 ounces of gold (see Table A below) hosted within three at surface, road-accessible pit constrained deposits. In addition to gold resources, the Rhosgobel deposit also hosts 2,926,000 ounces of silver and 51,345 tonnes of tungsten trioxide (see Table B below). The 60,000 metre drill program planned for 2026 is focused on expanding all three known deposits in addition to testing other high potential targets in close proximity to the current resources.

* Notes for Blackjack Resources:

Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of January 21, 2025.

Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.

Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Mineral resources are constrained by an optimized pit shell using the following assumptions: US$2000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.00 per tonne; processing costs of US$10.00 per tonne; G&A of US$4.00/t.

The base case cut-off of 0.3 g/t Au is believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing.

Totals may not sum due to rounding.

** Notes for Rhosgobel and Eiger Resources:

Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of February 25, 2026

Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.

Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Mineral resources are constrained by an optimized pit shell using the following assumptions: US$3000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.50 per tonne; processing costs of US$14.00 per tonne; G&A of US$4.00/t.

The base case cut-off of 0.3 g/t Au is based on a gold price of US$2500/oz and believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing

Totals may not sum due to rounding.

All of these deposits begin at surface and are potentially open pit minable. Initial bottle roll metallurgical testing confirmed the non-refractory characteristics of the gold mineralization and returned gold extraction rates averaging around 85% for the Blackjack and Eiger deposits. Further metallurgical testwork in 2024 for Blackjack and Eiger returned recoveries ranging from 77.6 to 93% for gravity followed by cyanidation. Initial bottle roll testing for Rhosgobel has confirmed non-refractory characteristics of the gold mineralization with two composite samples returning gold recoveries of 89% and 96%. Additional metallurgical testing at Rhosgobel has returned an average gold recovery of 94.3% using conventional whole ore cyanidation leaching and an initial recovery of 84.7% tungsten in rougher concentrate using conventional floatation. Metallurgical testing for potential silver recovery has not yet been completed.

Notes:

Mineral resource estimate prepared by Ronald G. Simpson of GeoSim Services Inc. with an effective date of May 11, 2026.

Mineral Resources are estimated consistent with CIM Definition Standards and reported in accordance with NI 43-101.

Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Mineral resources are constrained by an optimized pit shell using the following assumptions: US$3000/oz Au price; a 45° pit slope; assumed metallurgical recovery of 85%; mining costs of US$2.50 per tonne; processing costs of US$14.00 per tonne; G&A of US$4.00/t.

The base case cut-off of 0.3 g/t Au is based on a gold price of $2500/oz and believed to provide a reasonable margin over operating and sustaining costs for open-pit mining and processing

Totals may not sum due to rounding.

For the purposes of the current resource model, it is assumed that a likely mill flowsheet would consist of a gravimetric, flotation, and cyanidation circuit.

Upcoming Events

Sitka Gold will be attending and/or presenting at the following events*:

TAKESTOCK Investor Series Stampede Special, Calgary, AB: June 30, 2026

Yukon Mining Alliance - Property Tours and Conference, Dawson City, Yukon: July 12-15, 2026

Diggers and Dealers: Kalgoorlie, Western Australia: August 3 - 5, 2026

*All events are subject to change.

About Sitka Gold Corp.

Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka is currently advancing its 100% owned, 447 square kilometre flagship RC Gold Project located within the Tombstone Gold Belt in the Yukon Territory. The Company has also announced plans to spin-out the Alpha Gold Project in Nevada and the Burro Creek Gold and Silver Project in Arizona into a new discovery-focused exploration company to be named at a later date.

A 60,000-metre diamond drilling program planned for 2026 is currently underway at the Company's flagship RC Gold Project, located in Yukon Canada, where six diamond drill rigs are currently operating.

*For more detailed information on the Company's properties please visit our website at www.sitkagoldcorp.com.

Quality Assurance/Quality Control

On receipt from the drill site, the HTW/NTW-sized drill core was systematically logged for geological attributes, photographed and sampled at Sitka's core logging facility. Sample lengths as small as 0.3 m were used to isolate features of interest, otherwise a default 2 m downhole sample length was used. Each sample is identified by a unique sample tag number which is placed in the bag containing the core to be assayed. Core was cut in half lengthwise along a predetermined line, with one-half (same half, consistently) collected for analysis and one-half stored as a record. Standard reference materials, blanks and duplicate samples were inserted by Sitka personnel at regular intervals into the sample stream. Bagged samples were placed in secure bins to ensure integrity during transport. They were delivered by Sitka personnel or a contract expeditor to ALS Laboratories' preparatory facility in Whitehorse, Yukon, with analyses completed in North Vancouver.

ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory analysis. Samples were crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter. One-thousand-gram splits were pulverized to over 85 per cent passing below 75 microns. Gold determinations are by fire assay with an inductively coupled plasma atomic emission spectroscopy (ICP-AES) finish on 50 g subsamples of the prepared pulp (ALS code: Au-ICP-22). Any sample returning over 10 g/t gold was re-analyzed by fire assay with a gravimetric finish on a 50 g subsample (ALS code: Au-GRA21). In addition, a 51-element analysis was performed on a 0.5 g subsample of the prepared pulps by an aqua regia digestion followed by an inductively coupled plasma mass spectroscopy (ICP-MS) finish (ALS code: ME-MS41). Select intervals at the Rhosgobel Deposit were selected for additional XRF analysis on a lithium borate fusion (ALS code: XRF-15b) for WO3.

All other scientific and technical content of this news release has been reviewed and approved by Gilles Dessureau, P.Geo., V.P. Exploration of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.

"Cor Coe"
CEO and Director

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.

Cautionary and Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions and the Company's anticipated work programs.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, market uncertainty and the results of the Company's anticipated work programs.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302502

Source: Sitka Gold Corp.

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