Dr. Mark Thorpe reports

ENVIROGOLD ANNOUNCES POSITIVE INITIAL TEST RESULTS WITH A MAJOR GLOBAL MINING COMPANY

Envirogold Global Ltd. has completed initial test work for a nickel tailings project with a major global mining company.

The initial test work, conducted by the company's dedicated team of experts, in conjunction with SGS's lab in Vancouver, focused on optimizing nickel, copper, cobalt and PGM (platinum group metal) recovery processes from nickel mine tailings, a byproduct of previous mining operations. The results demonstrate a step change in efficiency in extracting critical metals from these waste materials.

The test results confirmed excellent liberation of critical and precious metals using Envirogold Global's proprietary hydrometallurgical process and support moving toward phase 2 testing. The initial test results on a leach of floated concentrate showed a solid oxidation rate and recovered relatively high levels of metals -- nickel (76.5 per cent), copper (63.4 per cent), cobalt (80.1 per cent), platinum (1.09 grams per tonne) and palladium (0.57 gram per tonne).

The head grade of the floated concentrate that went into the initial tests averaged 0.97 per cent Ni, 0.45 per cent Cu, 0.24 per cent Co, 1.60 g/t Pt and 0.57 g/t Pd.

The company expects to further optimize these results in the phase 2 test work while also looking to recover iron ore and sulphur from residue. Phase 2 testing is expected to be completed in Q1 2024. With success in phase 2, work will start on prepilot plant testing.

Dr. Mark Thorpe, chief executive officer, commented: "We are thrilled to be working with this major global mining company and by the positive outcomes of our initial tests on the nickel recovery from the mine tailings. This represents a major milestone in our commitment to sustainable practices and responsible resource use. The successful results underscore our team's dedication to innovation and environmental responsibility, reinforcing Envirogold's position as a leader in the clean technology sector."

Pursuant to its shareholder-approved restricted share unit (RSU) plan, the company has granted an aggregate of 1,191,277 restricted share units to certain directors of the company. The RSUs shall entitle the eligible parties the ability to acquire one common share of the company underlying each such RSU by delivering a notice of acquisition to the company in accordance with the RSU plan for a period of five years from issuance. In accordance with the RSU plan, the RSUs were priced at 25 cents and will vest one year from issuance.

About Envirogold Global Ltd.

Envirogold Global is a clean technology company that uses proprietary technologies to reduce the environmental liabilities of wastes from mining projects while maximizing return for its shareholders. The company is dedicated to establishing ESG (environmental, social and governance) and circular economy leadership by profitably reprocessing and remediating mine waste (tailings) to recover precious metals, critical metals and strategic metals -- including gold, silver, copper, zinc and nickel.

We seek Safe Harbor.