Mr. Marc Blythe reports

AU GOLD CORP CLOSES $3.5 MILLION PRIVATE PLACEMENT

Au Gold Corp. has closed the non-brokered private placement announced on Sept. 29, 2026, and Oct. 2, 2026, at $3,500,025.

The placement consists of 15,217,500 units priced at 23 cents each. Each unit comprises one share and one-half warrant, valid for three years. Each whole warrant may be converted to one share of Au Gold by payment of 40 cents. The securities issued with respect to the private placement will be subject to a hold period of four months and one day in accordance with applicable securities laws expiring on Feb. 15, 2027.

The company paid $36,225 in finders' fees and issued 157,500 finders' warrants, with each finder's warrant exercisable at 40 cents for a period of two years.

Proceeds of the private placement will be used for exploration on the company's mineral exploration properties and general corporate purposes.

The company continues to aggressively explore its Havelock gold-antimony project, located in Victoria, Australia. Refer to the Sept. 21, 2026, and Sept. 16, 2026, news releases for more information on the company's plans.

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