Mr. Rob Bergmann reports

RELEVANT GOLD COMPLETES STRATEGIC FINANCING; EMBARKS ON LARGEST DRILLING PROGRAM IN COMPANY HISTORY

Relevant Gold Corp. has closed tranche 2 of its previously announced non-brokered private placement financing (see news release dated March 16, 2026), consisting of 13,814,886 commons of the company at a price of 50 cents per common shares for gross proceeds of $6,907,443. Together with the first tranche, which closed on April 7, 2026, the company has issued an aggregate of 24,113,436 common shares for aggregate gross proceeds of $12,056,718.

In connection with tranche 2 of the offering, the company entered into a subscription agreement with each of Kinross Gold Corp. and William G. Bollinger, pursuant to which Kinross agreed to purchase 5,527,152 common shares and Mr. Bollinger agreed to purchase 6,822,174 common shares of the company. Upon closing of tranche 2, each of Kinross and Mr. Bollinger will maintain an ownership position of approximately 19.9 per cent of the issued and outstanding common shares of the company.

"The support from Kinross, Bollinger, McEwen and a broad group of new and existing shareholders is a strong endorsement of our team, our strategy and the discovery potential of our Wyoming gold systems," said Rob Bergmann, chief executive officer of Relevant Gold. "With the largest financing in the company's history, we are positioned to execute our largest-ever drill program and aggressively test the highest-priority targets across the portfolio. We are grateful for the continued support of our strategic investors and shareholders as we advance into a catalyst-rich year with meaningful discovery potential."

All securities issued in connection with tranche 2 of the offering are subject to a four-month Canadian restricted resale period expiring on Aug. 14, 2026, and applicable securities legislation hold periods outside of Canada.

Proceeds from the offering will be used to advance exploration across the company's district-scale gold projects in Wyoming, including drilling at the Apex and Lewiston projects, as well as for general working capital purposes.

The participation by each of Kinross and Mr. Bollinger in the offering is considered to be a related party transaction as defined under Multilateral Instrument 61-101 since each of Kinross and 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 common shares issued to or the consideration paid by each of Kinross or Mr. Bollinger will exceed 25 per cent of the company's market capitalization.

The offering remains subject to final acceptance of the TSX Venture Exchange.

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.

We seek Safe Harbor.