Mr. Malcolm Smith reports

ENVIROGOLD GLOBAL ANNOUNCES POSITIVE INITIAL TEST RESULTS WITH A SECOND MAJOR GLOBAL METAL PRODUCTION COMPANY

Envirogold Global Ltd. has successfully completed initial test work for its smelter byproduct project with a major global metal production company.

The initial test work, conducted by the company's in-house team of experts, in conjunction with Brisbane Metallurgical Laboratories in Brisbane, Australia, focused on optimizing copper, silver, lead, zinc and iron recovery from the smelter byproduct, which results from previous metal processing operations. The results demonstrate another step change in efficiency in extracting critical metals from these byproduct materials.

The test results confirmed excellent liberation of critical and precious metals using Envirogold Global's proprietary hydrometallurgical process (NVRO process) and support moving to phase 2 testing. The company is pleased to report the initial test results on a leach of the smelter byproduct showed a strong oxidation rate and recovered very high levels of metals. The value of the current feed to the NVRO process is estimated to be over $900 (U.S.)/tonne (based on current London Metal Exchange pricing).

METAL       RECOVERY

Copper   98 per cent   
Iron     98 per cent   
Zinc     98 per cent   
Lead     42 per cent   
Silver   27 per cent   

The team will complete additional work to further understand and improve the silver recoveries.

The company expects to further optimize these results in the phase 2 test work. Phase 2 testing is expected to start in Q2 2024. With success in phase 2, work will start on prepilot plant testing.

Malcolm Smith (chief executive officer) commented:

"We are excited to be able to expand the scope of materials from which we can recover critical, strategic and precious metals. We look forward to our continued journey to help the world bridge the gap in metal production that is predicted with the global transition to a low-carbon economy."

About Envirogold Global Ltd.

Envirogold Global is a cleantech company that uses proprietary technologies to reduce the environmental liabilities of wastes and byproducts from metal production projects while maximizing return for its shareholders. The company is dedicated to establishing ESG (environmental, social, governance) and circular economy leadership by profitably reprocessing and remediating mine waste (tailings) and smelter byproducts to recover precious, critical and strategic metals -- including gold, silver, copper, zinc and nickel. The company intends to deploy a royalty model for its technology by licensing the NVRO process to waste and byproduct owners.

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