Mr. Peter Gianulis reports

A2GOLD TO SELL BOLO FOR $1.5 MILLION AND UP TO $2.8M IN CONTINGENT PAYMENTS

A2 Gold Corp. has entered into a definitive mining property purchase and sale agreement with Super Gold Mining Corp. for the sale of a 100-per-cent interest in the Bolo gold project located in Nye county, Nevada. The project comprises 187 unpatented lode mining claims together with the Uncle Sam patented mining claim.

The transaction is consistent with A2 Gold's strategy of focusing its capital and technical resources on its core Eastside and Taylor projects while monetizing non-core assets in a manner that preserves meaningful exposure to future success.

Under the definitive agreement, upon closing, A2 Gold will receive:

• $1.5-million (Canadian) in Super Gold common shares, consisting of 3.75 million shares at a deemed value of 40 cents per share;
• Replacement by Super Gold of approximately $198,500 (U.S.) in reclamation bonding, allowing A2 Gold's existing reclamation funds to be released;
• Up to $2.4-million (Canadian) in cumulative mineral resource milestone payments based on the size of future gold equivalent mineral resources defined at Bolo; and
• An additional $400,000 (Canadian) payment upon completion of a qualifying preliminary economic assessment.

A2 Gold chief executive officer Peter Gianulis commented: "The sale of Bolo monetizes a non-core asset, releases capital tied up in reclamation bonding, and preserves exposure to its future success through an equity position in Super Gold and up to $2.8-million (Canadian) in additional payments. The transaction positions Bolo for advancement by a group committed to funding the project while allowing A2 Gold to focus on Eastside and Taylor, where we see the greatest opportunity to create shareholder value."

Transaction terms

At closing, Super Gold will issue A2 Gold 3.75 million common shares at a deemed price of 40 Canadian cents per share, representing an aggregate deemed value of $1.5-million (Canadian). Super Gold has also agreed to replace the existing reclamation bonding, totalling approximately $198,500 (U.S.), associated with Bolo and to reimburse claim maintenance fees paid for the current year.

The consideration shares will be subject to contractual resale restrictions, with 25 per cent released upon completion of Super Gold's going-public transaction and additional 25-per-cent tranches released six, 12 and 18 months thereafter, subject to applicable securities laws and exchange requirements.

Super Gold has agreed to use commercially reasonable efforts to complete a going-public transaction within 12 months following closing and no later than 18 months following closing, subject to the extension provisions contained in the definitive agreement.

If Super Gold has not completed a going-public transaction within 12 months of closing, A2 Gold will be entitled to a $200,000 (Canadian) cash payment.

If Super Gold has not completed a going-public transaction within 18 months of closing, A2 Gold may, subject to the terms and cure provisions of the definitive agreement, elect to require the reconveyance of Bolo.

Milestone payments

Super Gold is required to engage an independent qualified person and complete the exploration and technical work reasonably required to support an initial National Instrument 43-101 mineral resource estimate for Bolo within two years of closing.

During the applicable milestone period, A2 Gold will be entitled to cumulative payments based on gold equivalent ounces identified in one or more future mineral resource estimates at Bolo:

• 200,000 to 399,999 gold equivalent ounces: $500,000 (Canadian);
• 400,000 to 599,999 AuEq ounces: $800,000 (Canadian);
• 600,000 to 799,999 AuEq ounces: $1.1-million (Canadian);
• 800,000 to 999,999 AuEq ounces: $1.5-million (Canadian);
• One million AuEq ounces or greater: $2.4-million (Canadian).

Furthermore, if a future preliminary economic assessment incorporates at least 200,000 gold equivalent ounces and meets the economic thresholds established in the definitive agreement, A2 Gold will be entitled to an additional $400,000 (Canadian) PEA payment.

Protection upon a future sale of Bolo

The definitive agreement contains provisions protecting A2 Gold's deferred consideration in the event Bolo is subsequently sold or otherwise monetized.

If, during the milestone period, Super Gold enters into a qualifying transaction involving Bolo with aggregate consideration attributable to the project of $25-million (Canadian) or more, the maximum $2.4-million (Canadian) mineral resource milestone and $400,000 (Canadian) PEA payment will be deemed earned, with A2 Gold entitled to receive the unpaid balance of the aggregate $2.8-million (Canadian).

The definitive agreement also contains protections relating to certain sales or dispositions of Bolo during the initial two-year period following closing.

Closing

Closing is expected to occur within the next few weeks, subject to satisfaction or waiver of certain conditions, including, but not limited to, the following:

• Establishment and acceptance of replacement reclamation bonding and confirmation of the release of A2 Gold's existing reclamation bond;
• Approval of the transfer of the applicable plan of operations to Super Gold's U.S. subsidiary or its designated operator;
• Delivery of the agreed Cordex estoppel certificate; and
• Completion of customary title and closing documentation.

About A2 Gold Corp.

A2 Gold has built a multiasset gold-silver exploration platform in Nevada, one of the world's premier mining jurisdictions. The company controls approximately 230 square kilometres of prospective mineral tenure across its Eastside and Taylor projects, both district-scale assets with large precious metal resources with significant exploration and resource growth potential.

Eastside hosts an inferred mineral resource of 1.4 million ounces of gold and 8.8 million ounces of silver while Taylor adds a highly prospective exploration district with gold, silver, antimony and porphyry-skarn upside. Backed by a fully financed exploration program and a strong pipeline of catalysts, A2 Gold is focused on unlocking value through resource expansion, new discoveries and systematic district-scale exploration.

A2 Gold is also supported by a strong shareholder base, including Kinross Gold Corp., which owns approximately 9.9 per cent of the company's issued and outstanding shares.

We seek Safe Harbor.