Mr. Rob Bergmann reports

RELEVANT GOLD ANNOUNCES $15 MILLION STRATEGIC FINANCING WITH PARTICIPATION FROM KINROSS, BOLLINGER, AND MCEWEN

Relevant Gold Corp. has arranged a non-brokered financing for gross proceeds of approximately $15-million, consisting of 30 million common shares of the company at a price of 50 cents per common share. The financing is expected to include participation from Kinross Gold Corp. (New York Stock Exchange: KGC), William Bollinger and Rob McEwen, along with other new and existing shareholders and cornerstone investors.

The financing will be conducted through a concurrent non-brokered private placement and a listed issuer financing exemption offering pursuant to Part 5A of National Instrument 45-106 -- Prospectus Exemptions (NI 45-106).

"This financing represents an important step forward for Relevant Gold as we continue advancing our district-scale exploration strategy in Wyoming," said Relevant Gold chief executive officer Rob Bergmann. "Over the past several seasons our team has completed more than 11,000 metres of drilling and a significant amount of systematic geological work that has helped demonstrate the presence of large, widespread gold systems across our land position. The support of strategic investors such as Kinross, along with respected mining investors including William Bollinger and Rob McEwen, reflects growing confidence in both the scale and geological potential of the district and the disciplined approach our team has taken to exploration. With this financing, we are well positioned to significantly expand drilling at Apex and Lewiston, and accelerate our path toward discovery. This capital allows us to meaningfully scale exploration with the goal of advancing toward resource definition and establishing what we believe could become a significant new gold belt in Wyoming."

The LIFE offering allows existing and new investors to participate alongside these strategic investors in the company's next phase of exploration. The financing will consist of two components:

1. Concurrent private placement

• Certain strategic investors and existing shareholders are expected to participate through a concurrent private placement of common shares.
• Securities issued under the concurrent private placement portion of the financing will be subject to a statutory four-month hold period in accordance with applicable Canadian securities laws.

2. LIFE offering

• The company will also complete a LIFE offering pursuant to the listed issuer financing exemption under NI 45-106.
• Securities issued under the LIFE offering will not be subject to a statutory hold period, allowing investors to participate with immediate liquidity upon closing.
• The company may engage certain investment dealers as selling group participants in connection with the LIFE offering.

The financing is expected to include participation from several of the company's key shareholders, including:

• Kinross Gold Corp.;
• Mr. Bollinger;
• Mr. McEwen.

Kinross and Mr. Bollinger have each indicated their intention to participate in the financing in order to maintain 19.9-per-cent ownership positions in the company postclosing. Management and other existing shareholders are also expected to participate in the financing.

Use of proceeds

Net proceeds from the financing will be used to advance exploration across the company's district-scale gold projects in Wyoming, including:

• Drilling programs at the Apex and Lewiston projects;
• Regional exploration;
• Geophysical surveys and target development;
• Permitting and exploration support activities;
• Working capital and general corporate purposes.

Proceeds from the concurrent private placement portion of the financing may also be used for potential property acquisitions or other strategic transactions, while proceeds from the LIFE offering will be used for exploration, project advancement and general corporate purposes.

Closing

The financing is expected to close in one or more tranches, subject to customary conditions including approval of the TSX Venture Exchange.

The company may pay finders' fees consisting of a percentage cash commission and/or finders' warrants in connection with the financing, in accordance with the policies of the TSX-V.

Further details regarding the LIFE offering, including the offering document, will be available under the company's profile on SEDAR+ and on the company's website.

Qualified person

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.

About Relevant Gold Corp.

Relevant Gold 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 Mr. 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.