Mr. Shawn Westcott reports

OPHIR GOLD ANNOUNCES PRIVATE PLACEMENT OF CHARITY FLOW-THROUGH UNITS

Ophir Gold Corp. has arranged a non-brokered private placement through the issuance of up to 8,571,428 charity flow-through units (FT unit) at a price of 35 cents per FT unit for aggregate gross proceeds of up to $3-million.

Each FT unit shall comprise one common share, issued on a flow-through basis, and one common share purchase warrant, issued on a non-flow-through basis. Each FT warrant shall entitle the holder thereof to acquire one common share in the capital of the company at a price of 40 cents per common share for a period of three years from date of issuance. The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada), which also qualify for the Canadian government's critical mineral exploration tax credit. The company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange.

All securities issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. The gross proceeds from the sale of the FT units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through critical mineral mining expenditures as such terms are defined in the Income Tax Act (Canada).

The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

About the company

Ophir Gold is a gold exploration company focused on the exploration and development of its flagship property, the past producing Breccia gold property located in Lemhi county, Idaho, as well as new Radis property in James Bay, Quebec.

The company has an option to earn a 100-per-cent interest in the Breccia gold property over a three-year period from Canagold Resources Ltd. (formerly Canarc Resource Corp.) and DG Resource Management Ltd.

The company also has an option to earn a 100-per-cent interest in the Radis lithium property over a three-year period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Ltd.

We seek Safe Harbor.