Mr. Rod Husband reports

EPIC GOLD CLOSES ITS NON-BROKERED PRIVATE PLACEMENT

Epic Gold Corp. has closed its non-brokered private placement previously announced on Sept. 4, 2026. The company has issued 22.2 million units at a price of 14 cents per unit for proceeds of $3,108,000. Each unit consists of one common share and one warrant, with each warrant entitling the holder to purchase one common share at a price of 20 cents for a period of 42 months and expiring March 29, 2030.

The company paid finders' fees of $238,445 and issued 1,703,177 finder warrants at a price of 20 cents for a term of 42 months expiring March 29, 2030. All securities issued will be subject to a four-month hold period expiring Jan. 30, 2027.

Proceeds raised from the issuance of the units will be used by Epic Gold for exploration on its Canadian mineral properties and for general working capital.

Insiders of the company participated in the offering for $127,440.46, and such units issued to insiders are subject to a four-month hold period pursuant to applicable policies of the Canadian Securities Exchange. The issuance of units to insiders is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101 pursuant to Section 5.5(a) and the minority shareholder approval requirements of MI 61-101 pursuant to Section 5.7(1)(a) in respect of such insider participation as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.

About Epic Gold Corp.

Epic Gold is a well-financed gold exploration company anchored by historical gold resources across its four projects (see news releases May 13, 2025, June 3, 2025, Oct. 8, 2025, and Dec. 16, 2025). Epic provides a combination of a proven management team, a strong cash position (approximately $7.5-million in cash and equivalents), Tier 1 jurisdiction exposure, and multiple potential discovery and transaction-driven catalysts.