Mr. Shaun Heinrichs reports

1911 GOLD CLOSES $35,650,000 BOUGHT DEAL FINANCING

1911 Gold Corp. has closed its previously announced bought deal financing consisting of: (i) 7,812,501 units of the company at a price of 64 cents per unit; (ii) 27,307,337 Canadian development expense (CDE) flow-through (FT) units of the company at a price of 79.3 cents per CDE unit; and (iii) 11,961,810 Canadian exploration expense (CEE) flow-through units of the company at a price of 75.2 cents per tranche 3 CEE unit, for gross proceeds to the company of $35.65-million, including the exercise in full by the underwriters (as defined below) of the overallotment option. The offering was underwritten on a bought deal basis by a syndicate of underwriters, led by Haywood Securities Inc., as lead underwriter and sole bookrunner, and including BMO Nesbitt Burns Inc., Roth Canada, Inc. and Velocity Trade Capital Ltd.

Each unit consists of one common share of the company and one-half of one common share purchase warrant of the company. Each warrant entitles the holder to acquire one common share at a price per warrant share of $1, subject to customary anti-dilution adjustments, until July 29, 2028.

Each CDE unit consists of one common share and one-half warrant, each issued as a flow-through share with respect to Canadian development expenses that qualify as reaccelerated Canadian development expenses (within the meaning of the Income Tax Act (Canada)). Each tranche 3 CEE unit consists of one common share and one-half warrant, each issued as a flow-through share with respect to Canadian exploration expenses (within the meaning of the tax act).

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

The company filed a final short form prospectus dated July 23, 2026, in each of the provinces of Canada (other than Quebec), pursuant to National Instrument 44-101, Short Form Prospectus Distributions, to qualify the distribution of the offered securities pursuant to the offering. Copies of the prospectus and documents incorporated by reference therein are available electronically on SEDAR+ under 1911 Gold's issuer profile.

In consideration for their services, the company has paid the underwriters a cash commission of $2,139,000, being 6.0 per cent of the gross proceeds from the offering, and issued to the underwriters 2,824,898 non-transferable compensation options, being 6.0 per cent of the aggregate number of offered securities sold under the offering. Each compensation option is exercisable to acquire one common share of the company at a price of 64 cents per share until July 29, 2028.

The offering is subject to final acceptance by the TSX Venture Exchange.

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 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 make a decision on restarting operations in the future, highlighting a unique investment opportunity with significant exploration upside. The strategy is to build a district-scale gold mining operation around a centralized infrastructure to support a socially and environmentally responsible, long-term mining operation with 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 its local communities and stakeholders to foster mutually beneficial working relationships.

We seek Safe Harbor.