Mr. John Brydle reports

PRIVATE PLACEMENT CLOSED

Optimus Gold Corp. has closed its previously announced $500,000 private placement, issuing a total of 10 million units at five cents per unit. Each unit consists of one common share and one transferable warrant, with each such warrant entitling the holder to purchase one additional share at a price of 5.5 cents per share for one year. Five million units were issued on a flow-through basis. The flow-through shares comprising the flow-through units and flow-through shares issuable upon exercise of the warrants comprising the flow-through units will entitle the holder 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, for working capital, and for exploration and development. The terms of the financing have been accepted by the TSX Venture Exchange. The units are restricted from trading until July 27, 2024.