Mr. Jean-Yves Therien reports

ESGOLD CORP. ACQUIRES 130 MINING CLAIMS TOTALING 7303 HECTARES SIGNIFICANTLY INCREASING THE SIZE OF ITS MONTAUBAN PROPERTY INTEREST

Esgold Corp. has staked an additional 130 mining claims totalling 7,303 hectares. The mining claims staked are open ground adjacent to its main mining claim block. With the newly acquired mining claims, Esgold presently holds 226 mining claims totalling approximately 10,830 hectares on the Montauban property, representing the largest mining claim package held by one mining company on the Montauban mining property.

Esgold, with its commitment to responsible resource development and sustainable mining practices, is embarking on an ambitious exploration program aimed at unlocking the full mineral potential of the region. Through systematic claim staking, the company aims to strategically position itself to capitalize on promising mineral deposits while ensuring environmental stewardship and community engagement.

The decision to initiate claims staking was based on the results of comprehensive and systematic geological surveys, including geophysical and geochemical analyses and preliminary exploration activities that have indicated significant mineralization within the region. One of the primary objectives of the company is to delineate the regional mineralization trends and identify potential targets for further exploration and development as well as to verify the immediate extension of the deposit at depth.

Reported historical past production from the Montauban property includes 150,000 ounces of gold and seven million ounces of silver as well as 109,000 metric tonnes of zinc and 37,000 metric tonnes of lead (source: John Langton, PGeo, National Instrument 43-101 technical report, Feb. 4, 2022).

The Montauban mines, known for their zinc and silver deposits, have not been systematically explored on a regional scale. This lack of in-depth exploration could be due to several factors, including, but not limited to, geographic constraints, limited financial resources or a lack of interest in the past.

The Montauban deposits are primarily associated with massive sulphides, meaning that zinc and silver minerals are present in high concentrations in specific areas rather than disseminated. Historical results and past work clearly demonstrate the continued development of the property over the years. Underground workings include declines, shafts and an extensive network of drifts on various levels. Additionally, of the many significant highlights on the property, the south strike zone contains near-surface mineralized rock as well as the St. Thomas showings located approximately five kilometres south from the south strike zone (sources: Jacques Marchand, MinEng, 2010 resource evaluation report, and Christian Derosier, Geo, 2007 technical report).

"We are excited to embark on this phase of exploration as we believe it holds tremendous potential for uncovering valuable mineral resources. By strategically staking claims and leveraging advanced exploration techniques, we aim to unlock the full mineral potential of the region while adhering to the highest environmental and social impact in the region. The acquisition of the additional claims solidifies Esgold's Montauban property bundle while expanding its exploration and mining potential. These newly acquired claims are in line with the company's objective of low-capital-cost production targets while positioning the company for continued growth with the Montauban project. Procuring these claims will positively impact the company's long-term exploration program and enhance the value of these prospective claims," said Jean-Yves Therien, chief executive officer of Esgold.

Esgold remains committed to transparent communication and engagement with local stakeholders throughout the exploration process. The company will continue to work closely with regulatory authorities, local communities and indigenous groups to ensure that exploration activities are conducted responsibly and in alignment with community interests.

As the development and exploration program progresses, Esgold will provide timely updates on its findings and milestones, reaffirming its commitment to transparency and accountability in all its operations.

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The company has granted to officers and directors a total of 2,575,000 restricted share units. All securities issued will be subject to a statutory hold period expiring in accordance with applicable securities legislation.

About Esgold Corp.

Esgold is a Canadian environmentally aware resource exploration and processing company. Management has demonstrated expertise in advancing gold exploration projects into acquisition targets, most notably in the province of Quebec. Esgold's principal restoration and recovery project is the Montauban property, situated in Quebec, just 80 kilometres west of Quebec City.

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