Mr. Steve Low reports

GOGOLD ANNOUNCES C$75 MILLION BOUGHT DEAL FINANCING

GoGold Resources Inc. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy, on bought deal basis, 41.21 million common shares, at a price of $1.82 per common share, for gross proceeds of approximately $75-million. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about April 4, 2025, and is subject to GoGold receiving all necessary regulatory approvals.

The net proceeds of the offering will be used for the development of the company's Los Ricos South project, for exploration activities at both the Los Ricos South and North projects, and for general corporate purposes.

The common shares will be offered by way of a short form prospectus in all of the provinces of Canada, other than Quebec, and may also be offered by way of private placement in the United States.

About GoGold Resources Inc.

GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. The company operates the Parral tailings mine in the state of Chihuahua, and has the Los Ricos South and Los Ricos North exploration and development projects in the state of Jalisco. Headquartered in Halifax, N.S., GoGold is building a portfolio of low-cost, high-margin projects.

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