Mr. Gordon Robb reports

ESGOLD ANNOUNCES THE CLOSING OF ITS BROKERED LIFE OFFERING FOR GROSS PROCEEDS OF C$7.2 MILLION

Esgold Corp. has closed its previously announced best effort private placement for gross proceeds of $7,264,440, which include the partial exercise of the agent's option. Pursuant to the offering, the company sold 10,683,000 units of the company at a price of 68 cents per unit. Red Cloud Securities Inc. acted as sole agent and bookrunner in connection with the offering.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of $1 at any time on or before March 10, 2029.

The company intends to use the net proceeds from 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).

In accordance with National Instrument 45-106 (Prospectus Exemptions), the units were issued to Canadian purchasers pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption). The securities issuable from the units issued to Canadian purchasers are immediately freely tradable in accordance with applicable Canadian securities legislation.

As consideration for its services, Red Cloud received a cash fee of $406,531 and 597,840 non-transferable common share purchase warrants. Each broker warrant is exercisable into one common share at the offering price at any time on or before March 10, 2029. The broker warrants and any common shares issuable upon any future exercise of the broker warrants will be subject to a hold period in Canada in accordance with applicable Canadian securities law, expiring on July 11, 2026.

There is an amended and restated offering document related to the offering that can be accessed under the company's profile at SEDAR+ and on the company's website.

The closing of the offering remains subject to the final approval of the Canadian Securities Exchange.

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. 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.