BULGOLD Inc. (TSXV: ZLTO) reported a net loss of $256,437 for the six months ended June 30, 2026. The Toronto-based gold exploration company filed its unaudited condensed interim financial statements and management’s discussion and analysis on August 21, 2026.

The miner holds $817,147 in cash and cash equivalents as of June 30, 2026. This liquidity position supports ongoing exploration activities across its portfolio in Central and Eastern Europe.

Financial Position

The company incurred a negligible per-share loss of $0.00 during the period. No revenue figures were disclosed in the filing, consistent with the pre-production status of its assets.

What the Numbers Show

The cash balance of $817,147 provides a buffer against the reported net loss of $256,437. With no revenue generation disclosed, the burn rate is entirely funded by existing reserves or recent capital raises not detailed in this summary. The high share count of 72.6 million dilutes the impact of the absolute loss on a per-share basis.

Project Portfolio

BULGOLD controls 100% of three quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt:

• Lutila Gold Project
• Kostilkovo Gold Project
• Kutel Gold Project

Management believes these assets show potential for high-grade, low-sulfidation epithermal gold mineralisation. Approximately 20.1% of the outstanding shares are held by founders, directors, and management.

BULGOLD Inc. (TSXV: ZLTO) has completed its latest exploration diamond drilling campaign at the Lutila Gold Project located in Central Slovakia. The programme, which targeted quartz-adularia, low-sulfidation epithermal gold mineralisation, consisted of four drill holes totaling 780.05m. This milestone marks the end of field operations for this phase, shifting the focus to laboratory analysis and data interpretation.

All drill core samples, along with mapping and prospecting rock samples, have been dispatched to SGS Burgas in Bulgaria for assay testing. The Company expects to receive the final assay results from this exploration campaign towards the latter half of August 2026. BULGOLD will subsequently report the programme's material outcomes to the market once the data is available.

Project Details

The Lutila exploration licence covers an area of 32.2km². Management believes the asset shows potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation. The project is one of three quality assets controlled by the Company in the Western Tethyan Belt, alongside the Kostilkovo Gold Project and the Kutel Gold Project.

Corporate Context

As of June 30, 2026, BULGOLD had 72,626,013 issued and outstanding shares. Approximately 20.11% of these shares were held by Founders, Directors, and Management. The scientific and technical information in this release was reviewed and approved by Sean Hasson, President and Chief Executive Officer, who is a Qualified Person as defined by National Instrument 43-101.

What the Numbers Show

The completion of 780.05m across four holes indicates a focused, shallow-to-intermediate depth exploration strategy rather than a massive resource definition drill-out. With results expected in August 2026, investors should monitor whether the assays confirm the high-grade potential management associates with the quartz-adularia epithermal system. The proximity of the lab (SGS Burgas) to the operational base may streamline logistics compared to overseas shipping, though turnaround time remains dependent on laboratory capacity.