Mr. Gordon Robb reports

ESGOLD CORP. ANNOUNCES CLOSING OF FLOW-THROUGH SHARE PRIVATE PLACEMENT FOR GROSS PROCEEDS OF $4.5 MILLION

Further to Esgold Corp.'s news release dated Nov. 27, 2024, the company has closed its non-brokered private placement of 5.3 million flow-through common shares of the company at a price of 85 cents per FT share for aggregate gross proceeds of $4,505,000.

The company intends to use the proceeds from the offering to finance the exploration of the company's Montauban property in Quebec. The gross proceeds from the sale of the FT shares will be used for Canadian exploration expenses as defined in Paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada) that will qualify as flow-through mining expenditures as defined in Section 359.1 of the Taxation Act (Quebec), which will be incurred on or before Dec. 31, 2026, and renounced to the purchasers of FT shares with an effective date no later than Dec. 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issue of the FT shares.

Red Cloud Securities Inc. acted as a finder in connection with the offering. The company paid an aggregate cash finder's fee of $315,350.

All securities issued in connection with the offering are subject to a statutory hold period of four months and a day from the date of date of issuance, being April 9, 2026, in accordance with applicable securities legislation.

About Esgold Corp.

Esgold is a fully permitted, fully financed, preproduction mining company advancing a scalable clean mining model across North and South America. The company's flagship Montauban gold-silver project in Quebec is under construction with production anticipated in 2026. Esgold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. With a dual-track strategy of cash flow today and discovery tomorrow, Esgold is building a platform for clean, sustainable growth and long-term shareholder value.

We seek Safe Harbor.