Bullfrog Closes Non-Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Oct. 6, 2026 /CNW/ -- Bullfrog Gold Corporation ("Bullfrog" or the "Company") (TSXV: FROG) (OTCQB: BFROF), is pleased to announce that further to its press releases of September 15, 2026 and September 22, 2026, the Company has closed its non-brokered private placement (the "Offering") for aggregate gross proceeds of approximately C$7.4 million, issuing 37,037,500 units with each unit consisting of one Bullfrog common share and one half of one common share purchase warrant, at a price of C$0.20 per unit. Each whole warrant will be exercisable for one common share expiring October 5, 2028 at an exercise price of C$0.30 per common share.

The Offering is subject to Bullfrog receiving all necessary regulatory approvals, including final approval from the TSX Venture Exchange (the "TSXV") to list the common shares issuable pursuant to the Offering.

The net proceeds of the Offering will be used by Bullfrog for exploration at the South Bullfrog project in Nevada, and for general working capital purposes.

In connection with the closing of this Offering, the Company paid an aggregate cash finder's fee of $283,800 and issued 1,381,500 non-transferable broker warrants, exercisable at a price of C$0.20 per common share, expiring October 5, 2028.

All securities to be issued pursuant to the Offering are subject to a four-month hold period expiring February 6, 2027 under applicable securities laws in Canada. The total number of common shares of Bullfrog outstanding after closing this tranche of the Offering is 121,382,401.

SCP Resource Finance and Integrity Capital Group acted as non-exclusive financial advisors to the Company in connection with the Offering.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the

United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About Bullfrog Gold

Bullfrog Gold holds a 100% interest in the South Bullfrog gold project consisting of 488 BLM claims covering 10,050 acres in the heart of the Beatty District. The district was consolidated between 2021 and 2025 by AngloGold through the acquisitions of Corvus Gold, Coeur Sterling, and Augusta Gold. South Bullfrog is centrally located between AngloGold's Bullfrog, North Bullfrog, and Arthur development projects. South Bullfrog is drill permitted with five drill ready gold targets supported by historic workings, surface pathfinder rock and soil geochemistry, surface alteration, magnetic, electromagnetic and gravity geophysics, and favourable host rocks.

www.bullfroggold.ca 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about the receipt of final TSXV approvals for the Offering; the amount and timing of closing future tranches of the Offering; the actual use of proceeds of the Offering; and the future plans of Bullfrog. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Bullfrog, including the assumption that approvals will be obtained and that the actual use of proceeds will be the same as that stated. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, an ability to close the Offering and an ability to access financing as needed. Bullfrog cautions the reader that the above list of risk factors is not exhaustive. Except as required under applicable securities legislation, Bullfrog undertakes no obligation to publicly update or revise forward-looking information.

SOURCE Bullfrog Gold Corporation

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