Mr. John Brydle reports

PRIVATE PLACEMENT

Optimus Gold Corp. has agreed to a private placement financing of $500,000 composed of the sale of 10 million units at five cents per unit. Each unit consists of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of 5.5 cents per share for one year. Optimus is relying on an exemption from the related-party requirements of Multilateral Instrument 61-101 for the participation by control persons and other insiders of Optimus in the financing, which participation is approved in advance by independent directors. Optimus has agreed to issue up to $250,000 of the financing on a flow-through basis. Units will entitle holders to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada). Proceeds of the financing will be used for payment of debt, working capital, and exploration and development. The financing is subject to acceptance for filing by the TSX Venture Exchange.

We seek Safe Harbor.