Mr. Scott Walters reports

BIG GOLD ANNOUNCES CONCURRENT NON-BROKERED PRIVATE PLACEMENTS TO EXECUTE MID-YEAR 2024 MAIDEN DRILLING AT TABOR IN THUNDER BAY, ONTARIO

Big Gold Inc. has launched two concurrent non-brokered private placements of securities for up to $655,000.

The company is in active planning stage for a midyear 2024 maiden drill program at its Tabor project for which a major portion of the proceeds will be used. The Tabor project is located directly next to Goldshore Resources and on trend with Delta Resources in the Thunder Bay district of Ontario.

Listed issuer financing exemption (LIFE) private placement

As part of the LIFE offering, Big Gold will issue up to 13 million non-flow-through units under the listed issuer financing exemption for gross proceeds of $455,000 at a price of 3.5 cents per LIFE unit.

Each LIFE unit will comprise one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company for a period of 18 months from the date of issuance at an exercise price of five cents per share.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106, Prospectus Exemptions, the offering is being made to purchasers residing in each of the provinces of Canada, except Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities offered under the exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The LIFE securities issued pursuant to the offering will not be subject to any statutory hold period in accordance with applicable Canadian securities laws.

Flow-through private placement

The company will also be conducting a non-brokered flow-through private placement in which it will issue up to five million flow-through (FT) shares priced at four cents per FT share.

Each FT share will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).

The entire gross proceeds from the FT shares will be used for Canadian exploration expenses, as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the Income Tax Act, flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act that will qualify as flow-through mining expenditures, and Ontario flow-through mining expenditures, as defined in Subsection 103(4) of the Income Tax Act (Ontario), which will be incurred on or before Dec. 31, 2025, and renounced with an effective date no later than Dec. 31, 2024, to the initial purchasers of FT shares.

In accordance with applicable Canadian securities laws, all FT shares issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with both offerings, subject to compliance with the policies of the Canadian Securities Exchange.

The offerings are scheduled to close on or about May 15, 2024, unless otherwise disclosed by the company.

About Big Gold Inc.

Big Gold is a junior mining exploration company. Its initial focus is to conduct exploration programs on the Martin Kenty and Tabor projects, located in Ontario. Big Gold will also continue to consider other opportunities as they arise, with the objective of acquiring and exploring early-stage base and precious metal projects.

We seek Safe Harbor.