Mr. Carl Lofberg reports

FIREFOX GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Firefox Gold Corp. intends to raise up to $200,000 by way of a non-brokered private placement. The private placement will consist of up to four million units of the company at a price of five cents per unit. Each unit will consist of one common share of the company and one whole common share purchase warrant, with each warrant being exercisable to acquire one common share of the company at an exercise price of eight cents per warrant share for a term of two years following the closing of the offering.

It is anticipated that the proceeds of the private placement will be used for general working capital and exploration activities on Firefox's gold exploration properties in Finland. Prior to this financing, Firefox has 43.2 million shares outstanding, 15.6 million warrants and 3.5 million stock options issued.

The shares issued pursuant to the private placement will be subject to a statutory hold period of four months plus one day from the date of issuance, in accordance with applicable securities legislation. The company anticipates that the private placement will close on or about April 30, 2020. The company does not intend to pay any finder's fees in association with this financing.

About Firefox Gold Corp.

Firefox Gold is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over 150,000 hectares of prospective ground.

We seek Safe Harbor.