File: Attachment OTS NR-2024 02 22 Private Placement.pdf

OPTIMUS GOLD CORP.

702 889 West Pender Street Vancouver, BC V6C 3B2

February 22, 2024 Telephone: 778.300.1873 Trading Symbol: OTS.H Toll Free: 1.888.880.2288 12g3-2(b): 82-3923

PRIVATE PLACEMENT

Optimus Gold Corp. has agreed to a private placement financing of $500,000 comprised of the sale of 10,000,000 units at $0.05 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 $0.055 per share for one year. Optimus is relying on an exemption from the related party requirements of MI 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 for exploration and development. The financing is subject to acceptance for filing by the TSX Venture Exchange.

BY ORDER OF THE BOARD OF DIRECTORS OF OPTIMUS GOLD CORP.

PER: "John Brydle"

John Brydle, Director

The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release.