Mr. Joseph Ovsenek reports

P2 GOLD ANNOUNCES SALE OF BALL CREEK (BAM) CLAIMS

P2 Gold Inc. has entered into a definitive agreement, signed Dec. 4, 2024, to sell its Ball Creek claims (also known as the BAM project) to Kingfisher Metals Corp., an arm's-length party, on: (a) payment of $1-million, with $50,000 due on signing the agreement and $950,000 due on the closing of the transaction; and (b) issuance of shares of Kingfisher having a value of $250,000, with the shares priced at the closing price of the shares on the TSX Venture Exchange immediately prior to an announcement of the agreement. The transaction remains subject to a number of conditions, including exchange approval and Kingfisher completing a private placement of at least $1-million. The closing of the transaction is anticipated on or about Feb. 28, 2025. No finders' fees are payable.

The company plans to use the proceeds from the transaction for additional metallurgical testwork on its Gabbs project and the permitting of production water wells at the Gabbs project. The company will provide additional details of its plans as they progress.

About P2 Gold Inc.

P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs project on the Walker Lane trend in Nevada. A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2-year mine life.

We seek Safe Harbor.