Mr. Rob Bergmann reports

RELEVANT GOLD CLOSES FIRST TRANCHE OF UPSIZED $8.5 MILLION NON-BROKERED PRIVATE PLACEMENT LED BY STRATEGIC INVESTORS KINROSS AND BOLLINGER

In response to market demand, Relevant Gold Corp. has further increased the size of its previously announced non-brokered private placement (see news release dated Feb. 21, 2025) to an aggregate total of 28,447,333 common shares of the company issued at a price of 30 cents per common shares for gross proceeds of $8,534,199.90.

The first tranche of the offering consisting of 4.92 million common shares for gross proceeds of $1,476,000 was completed on Feb. 28, 2025. A finder's fee was paid in connection with the closing of tranche 1 that consisted of a cash fee in the aggregate amount of $9,900, representing an aggregate commission of 6 per cent of the common shares sold to investors introduced by finder. All securities issued in connection with tranche 1 of the offering are subject to a four-month Canadian restricted resale period that expires, with respect to resales in Canada, on June 29, 2025, and applicable securities legislation hold periods outside of Canada.

The rest of the offering will be completed as a separate tranche (tranche 2) following receipt of final approval from the TSX Venture Exchange for insider participation. The company has entered into subscription agreements dated Feb. 28, 2025, with each of Kinross Gold Corp. and William G. Bollinger, pursuant to which Kinross has agreed to purchase 15.41 million common shares, and Mr. Bollinger has agreed to purchase 8.07 million common shares. After giving effect to tranche 2, each of Kinross and Mr. Bollinger will hold 19.9 per cent of the issued and outstanding common shares of the company.

Upon the completion of tranche 2, the company will enter into an amended and restated investor rights agreement with Kinross to amend and restate the investor rights agreement entered into on July 8, 2024. The company will also enter into an investor rights agreement with Mr. Bollinger. Each investor rights agreement will confer on the investor certain participation rights, information rights and the right to nominate a member to the board of directors of the company.

Proceeds from the offering will be used to finance exploration activities at the company's projects in Wyoming, United States, and for general working capital.

"We are extremely pleased with the strong support we received in this financing, which was completed at a premium to market with minimal dilution. This demonstrates confidence in our team, our science-driven approach and the potential of our Wyoming gold assets," said Relevant Gold chief executive officer Rob Bergmann. "We are particularly encouraged by Kinross Gold and Mr. William Bollinger increasing their stakes to 19.9 per cent each, reinforcing their belief in Relevant Gold's exploration strategy and long-term value creation. With this additional capital and strategic support, we remain well positioned to advance our projects and continue unlocking the district-scale potential of the American Abitibi in Wyoming."

The participation of Mr. Bollinger in the private placement is considered to be a related-party transaction as defined under Multilateral Instrument 61-101 since Mr. Bollinger held more than 10 per cent of the issued and outstanding common shares prior to giving effect to the offering. The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued to, nor the consideration paid by Mr. Bollinger will exceed 25 per cent of the company's market capitalization.

About Relevant Gold Corp.

Relevant is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation for shareholders. Relevant Gold is focused on the acquisition, exploration, discovery and development of district-scale gold projects in the state of Wyoming -- one of the most mining-friendly jurisdictions in the United States and globally.

The scientific and technical contents of this release have been approved by Brian C. Lentz, CPG No. 11999, chief exploration officer of the company, who is a qualified person as defined by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Lentz is not independent of the company.

We seek Safe Harbor.