Mr. Rob Bergmann reports

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

Relevant Gold Corp. has closed tranche 2 of its previously announced non-brokered private placement (see news releases dated Feb. 21, 2025, and Feb. 28, 2025), consisting of 23,527,333 common shares at a price of 30 cents per common share for gross proceeds of $7,058,199.90 and, together with the first tranche, which closed on Feb. 28, 2025, an aggregate of 28,447,333 common shares for aggregate gross proceeds of $8,534,199.90.

In connection with tranche 2, the company entered into subscription agreements dated Feb. 28, 2025, with each of Kinross Gold Corp. and William G. Bollinger, pursuant to which Kinross agreed to purchase 15.41 million common shares and Bollinger agreed to purchase 8.07 million common shares. Upon closing of tranche 2, each of Kinross and Bollinger will hold 19.9 per cent of the issued and outstanding common shares of the company.

Upon closing of tranche 2, the company entered 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 also entered into an investor rights agreement with 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.

All securities issued in connection with tranche 2 of the offering are subject to a four-month Canadian restricted resale period that expires, with respect to resales in Canada, on July 14, 2025, and applicable securities legislation hold periods outside of Canada.

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

The participation of Bollinger in the private placement is considered to be a related party transaction as defined under Multilateral Instrument 61-101, since 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 or the consideration paid by Bollinger will exceed 25 per cent of the company's market capitalization.

About Relevant Gold Corp.

Relevant Gold 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 news 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.

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