Mr. John Kerr reports

PARADIGM GOLD CLOSES FIRST TRANCHE AND EXTENDS CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Paradigm Gold Corp. has received TSX Venture Exchange approval to extend the closing of its previously announced non-brokered private placement for a period of 30 days. The company plans to issue up to nine million units for total gross proceeds of $1.05-million.

Further, the company reports that it has closed a first tranche of the previously announced non-brokered private placement, consisting of 1.5 million non-flow-through units for gross proceeds of $150,000.

The company will issue up to six million flow-through units at a price of 12.5 cents per flow-through unit to raise $750,000 and issue up to three million non-flow-through units at a price of 10 cents per non-flow-through unit to raise $300,000. Each flow-through unit will consist of one flow-through common share and one-half share purchase warrant. Each non-flow-through unit will consist of one non-flow-through common share and one-half warrant. Each warrant in the offering will be exercisable to purchase one non-flow-through common share at an exercise price of 15 cents for a period of three years from the date of issue. Finders' fees and commissions may be paid by the company in relation to the offering. All securities issued under this first tranche will be subject to a hold period until March 13, 2026. The offering and the payment of finders' fees are subject to TSX Venture Exchange acceptance.

Net proceeds from the offering will be used to finance costs associated with an exploration program on the 100-per-cent-owned Swift-Katie gold-copper project in the Golden Arc district in British Columbia, consisting of five priority targets identified over a 2,500-metre strike length, as well as for working capital.

Swift-Katie copper-gold project, British Columbia -- 100 per cent owned

The Swift-Katie project is located seven kilometres southwest of Salmo, B.C., Canada, has excellent access by road and infrastructure and benefits from a year-round exploration advantage. The large land package consists of 19 MTO (Mineral Titles Online) and legacy mineral claims totalling approximately 8,797 hectares, which comprises two claim groups underlying the Katie copper-gold-silver porphyry deposit (a possible analogue to the producing Copper Mountain mine at Princeton, B.C.) and the Swift gold target (possible analogues to gold veins in the nearby Rossland mining district) (more than 2.7 million ounces of gold production).

Exploration in 2025 will primarily focus on the Swift gold target, where previous drilling by the company in 2017 returned multiple high-grade gold intercepts extending along an approximately 1.75-kilometre strike length of the target structure, which remains largely untested. Highlights from 2017 drilling include 2.5 metres of 11.5 grams per tonne gold and 6.7 grams per tonne silver in hole SK17-015 and 8.6 metres of 3.1 grams per tonne gold and 2.0 grams per tonne silver in hole SK17-019.

Historical results from trenching in another area of the Swift target include two metres averaging 100.1 grams per tonne gold, outlining the potential for areas of increased gold grades along the structure. The reader is cautioned that these results are historical in nature, have been provided for information purposes only and have not been independently verified by the company.

Drilling to date on the Katie target has identified three areas of significant copper-gold mineralization, defined in 72 historic drill holes, which, when modelled, form a semi-continuous shell of anomalous copper-gold mineralization over a 1,800-metre cumulative strike. Highlight assays from the company's drilling on the Katie target include 101.5 metres of 0.19 per cent copper and 0.12 gram per tonne gold from VKT08-069 and 64 metres of 0.16 per cent copper and 0.29 gram per tonne gold from VKT08-071. The Katie target is being permitted as a secondary drill target.

Robert Macdonald, MSc, PGeo, is the exploration manager of Paradigm Gold and a qualified person as defined by National Instrument 43-101. He is responsible for the supervision of the exploration on the Swift-Katie project and for the preparation of the technical information in this disclosure. He has approved the release of this news release.

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