Mr. John Brydle reports

DEBT SETTLEMENT

Optimus Gold Corp. has agreed to settle a total of $1,312,681 in debt through the issuance of 26,253,620 common shares at a deemed price of five cents per share.

Blizzard Finance Corp., a control person of the company, is participating in the debt settlement as approved by independent directors. The company is relying on an exemption from the related-party requirements of Multilateral Instrument 61-101. The issuance of shares in settlement of debt is subject to TSX Venture Exchange acceptance for filing.

The company has also agreed to debt deferral agreements requiring $2.2-million in current liabilities to be paid together with accrued interest over the period calculated at 8 per cent per annum, compounded semi-annually, on or before Oct. 15, 2027.

We seek Safe Harbor.