Mr. Steve Roebuck reports

AVIDIAN PROVIDES CORPORATE ACTIVITIES UPDATE AND ANNOUNCES GRANT OF STOCK OPTIONS

Avidian Gold Corp. has provided an update on its corporate activities. The company is currently evaluating several transformational opportunities in the mineral resource sector with a flexible approach to both commodity and location. While the company's preference is advanced-stage opportunities that are close to cash flowing, it remains open minded to sector type and both private and public transactions. Avidian is in an excellent position to advance its growth efforts with a strong balance sheet, cash reserves and a low share count.

The company also wishes to announce that it has granted an aggregate of 845,000 options to directors and officers of the company. The options are exercisable at an exercise price of 11 cents per common share for a period of five years ending Nov. 15, 2029, and vest immediately. The grant of options is subject to the approval and requirements of the TSX Venture Exchange.

About Avidian Gold Corp.

Avidian brings a disciplined and veteran team of project managers with a focus on advanced-stage gold exploration. The company currently holds a 100-per-cent interest in the Jungo gold-copper property in Nevada and is evaluating other transformational opportunities.

Avidian is a shareholder in High Tide Resources, which is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices, combined with a strong social licence from local communities. Avidian Gold controls approximately 28 per cent of High Tide's outstanding shares. High Tide owns a 100-per-cent interest in the Labrador West iron project, which hosts an inferred iron resource of 654.9 million tonnes at 28.84 per cent iron and is located adjacent to the Iron Ore Company of Canada's (IOCC) Carol Lake mine in Labrador City, Nfld., operated by Rio Tinto PLC. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The technical report for this resource, from which the foregoing information was drawn, is entitled "National Instrument 43-101 Technical Report Mineral Resource Estimate Labrador West Iron Project, Newfoundland and Labrador, Canada," was filed on SEDAR+ on April 6, 2023, and was written by Ryan Kressall, MSc, PGeo, Matthew Herrington, MSc, PGeo, Catharine Pelletier, PEng, and Jeffrey Cassoff, PEng. The company also owns a 100-per-cent interest in the Lac Pegma copper-nickel-cobalt deposit, located 50 kilometres southeast of Fermont, Que.

We seek Safe Harbor.