Mr. Gordon Robb reports

ESGOLD ANNOUNCES UPSIZE OF BROKERED LIFE OFFERING FOR GROSS PROCEEDS OF UP TO C$6.5 MILLION

As a result of strong investor demand, Esgold Corp. has increased the size of its previously announced best effort private placement for gross proceeds of up to $5-million to gross proceeds of up to $6.5-million. The upsized marketed offering is composed of the sale of up to 8,666,667 units of the company at a price of 75 cents per unit. Red Cloud Securities Inc. is acting as sole agent and bookrunner in connection with the offering (as herein defined).

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of $1.10 at any time on or before that date which is 36 months following the closing date (as herein defined).

The company also grants the agent an option, exercisable in full or in part up to 48 hours prior to the closing of the marketed offering, to sell up to an additional two million units at the offering price for additional gross proceeds of up to $1.5-million. The marketed offering and the securities issuable upon exercise of the agent's option shall be collectively referred to as the offering.

The company intends to use the net proceeds of the offering for the advancement of the company's flagship Montauban project in Quebec, as well as for general working capital and corporate purposes, as is more fully described in the amended offering document (as defined herein).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan, Quebec and Ontario, in the United States, and in offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by co-ordinated blanket order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The common shares and the warrants underlying the units, and the warrant shares underlying the warrants, if exercised, are expected to be immediately freely tradable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada.

There is an amended offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this amended offering document before making an investment decision.

The offering is scheduled to close on Sept. 18, 2025, or such other date as the company and the agent may agree. Completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange.

About Esgold Corp.

Esgold is a fully permitted, preproduction resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. Esgold's flagship Montauban property, located 80 kilometres west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential.

We seek Safe Harbor.