Mr. Shaun Heinrichs reports

1911 GOLD ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT TO $8.1 MILLION

1911 Gold Corp. has upsized its previously announced non-brokered private placement offering to now raise aggregate gross proceeds of up to $8.1-million. The offering has also been amended to now include a combination of: (i) common shares in the capital of the company that will qualify as flow-through (FT) shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) issuable to residents of Manitoba at a price of 23.9 cents per Manitoba FT share; (ii) common shares in the capital of the company that will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada) at a price of 18.5 cents per national FT share; and (iii) common shares in the capital of the company at a price of 14.5 cents per common share.

The proceeds raised from the offering will be used by the company as follows: (i) an amount equal to the gross proceeds received by the company from the sale of the FT shares are expected to be used to finance exploration programs qualifying as Canadian exploration expenses and flow-through mining expenditures (as those terms are defined in the Income Tax Act (Canada)) at the company's projects in Manitoba; and (ii) the net proceeds from the sale of the common shares are expected to be used primarily to finance the continuing review and optimization of the future underground mining operations, as well as for general corporate purposes.

The closing of the offering is expected to occur on or about Dec. 23, 2024, or such other date as the company may determine, and is subject to receipt of all applicable regulatory approvals, including, but not limited to, the acceptance of the TSX Venture Exchange. The offering will be made by way of private placement in each of the provinces of Canada pursuant to applicable exemptions from the prospectus requirements under applicable Canadian securities laws. The securities issued under the offering will be subject to a four-month statutory hold period under applicable Canadian securities laws.

About 1911 Gold Corp.

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Man. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The company also owns the Apex project near Snow Lake, Man., and the Denton-Keefer project near Timmins, Ont., and intends to focus on organic growth and accretive acquisition opportunities in North America.

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875 to 1876). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation and all local stakeholders, in order to build mutually beneficial working relationships.

We seek Safe Harbor.