File: Attachment OTS NR-2024 04 12 Shares for Debt.pdf

OPTIMUS GOLD CORP.

702 889 West Pender Street Vancouver, BC V6C 3B2

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

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 $0.05 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 MI 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 $2,200,000 in current liabilities to be paid together with accrued interest over the period calculated at 8% per annum, compounded semi-annually, on or before October 15, 2027.

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.