Mr. Shaun Heinrichs reports

1911 GOLD ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED BOUGHT DEAL FINANCING TO $31 MILLION

1911 Gold Corp. has entered into an amendment agreement with Haywood Securities Inc., as lead agent and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, including BMO Capital Markets, Roth Canada Inc. and Velocity Trade Capital Ltd., pursuant to which the underwriters have agreed to increase the size of the previously announced bought deal offering to $31-million.

Pursuant to the upsized offering, the underwriters have agreed to purchase, on a bought deal basis, (i) 7,812,500 units of the company at a price of 64 cents per unit; (ii) 12,610,400 Canadian development expenses flow-through units of the company (the CDE units) at a price of 79.3 cents per CDE unit; and (iii) a combination of: (A) Canadian exploration expenses flow-through units of the company (the Tranche 1 CEE units) at a price of 86.4 cents per Tranche 1 CEE unit, (B) Canadian exploration expenses flow-through units of the company (the Tranche 2 CEE units) at a price of $1.011 per Tranche 2 CEE unit, (C) Canadian exploration expenses flow-through units of the company at a price of 75.2 cents per Tranche 3 CEE unit, (D) CDE units at the CDE issue price, and (E) units at the issue price, for aggregate gross proceeds to the company from the sale of the offered securities of $31-million.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant will entitle the holder to acquire one common share at a price per warrant share of $1.00 for a period of 24 months from the closing date of the upsized offering.

Each CDE unit will consist of one common share and one-half warrant, each to be issued as a flow-through share with respect to Canadian development expenses that qualify as reaccelerated Canadian development expenses (within the meaning of the tax act). Each Tranche 1 CEE unit will consist of one common share and one-half warrant, to be issued as a flow-through share with respect to Canadian exploration expenses (within the meaning of the tax act). Each Tranche 2 CEE unit will consist of one common share and one-half warrant to be issued as a flow-through share with respect to Canadian exploration expenses (within the meaning of the tax act) that qualify as flow-through mining expenditures as defined in Subsection 127(9) of the tax act, and also as flow-through mining expenditures within the meaning of Subsection 11.7(1) of the Income Tax Act (Manitoba). Each Tranche 3 CEE unit will consist of one common share and one-half warrant to be issued as a flow-through share with respect to Canadian exploration expenses (within the meaning of the tax act).

In addition, the company has agreed to grant the underwriters an option to purchase up to an additional 15 per cent of the upsized offering in any combination of units, CDE units, Tranche 1 CEE units, Tranche 2 CEE units and Tranche 3 CEE units at their respective issue prices, on the same terms and conditions as the upsized offering, exercisable at any time, in whole or in part, until the date that is 30 days following the closing of the upsized offering.

The company intends to use the net proceeds of the upsized offering to finance continuing exploration and development activities on its True North gold project, technical studies and for working capital purposes, as will be more particularly described in the prospectus.

The upsized offering is scheduled to close on or about July 14, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

About 1911 Gold Corp.

1911 Gold is an advanced gold explorer and developer focused on its 100-per-cent-owned True North gold project in the Archean Rice Lake greenstone belt in Manitoba, Canada. The company controls a large, highly prospective approximately 62,000-hectare land package with numerous past-producing gold operations within trucking distance of the fully built and permitted True North mine and mill complex. 1911 Gold is positioning itself to restart operations in 2027 and offers a unique, near-term production story with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized, and readily expandable infrastructure to support a socially and environmentally responsible, long-term mining operation with little development risk and a growing mineral resource base.

1911 Gold's True North complex and the exploration land package are located within and among the first nation communities of the Hollow Water First Nation and the Black River First Nation. 1911 Gold looks forward to maintaining open, co-operative, and respectful communications with all of the company's local communities and stakeholders to foster mutually beneficial working relationships.

We seek Safe Harbor.