Mr. Scott Caldwell reports

SOLGOLD PLC ANNOUNCES DIRECTOR CHANGES

Solgold PLC has made the following changes to the board of directors of the company.

Two Solgold directors, Liam Twigger and James Clare, have notified the board that they will not seek re-election as directors of the company at the forthcoming annual general meeting of the company (AGM) to be held in December, 2023. Mr. Twigger and Mr. Clare have been an invaluable part of Solgold, serving as chair and non-executive director for three and five years, respectively. Following the AGM, the Solgold board will undergo a reconstitution, appointing a new chair and board committee memberships. The board will begin a search for a new chair of the board immediately and will provide an update in due course.

In line with Solgold's commitment to maintaining a solid and adaptive skill and experience base, the board has resolved to nominate Adrian (Steve) van Barneveld as a non-executive director of Solgold, his appointment to be voted upon by shareholders at the AGM. Mr. van Barneveld has over 35 years of international experience across the resources and infrastructure sectors. He currently serves as general manager, Australia West, at a leading provider of minerals processing and associated infrastructure solutions to the global resources industry, where he has held senior executive positions throughout significant growth and international expansion with former roles including general manager, strategy and growth, chief operating officer and principal engineer. He holds a bachelor of minerals technology (University of Otago) and is a non-executive director of Jameson Resources Ltd. Mr. van Barneveld does not hold any securities in the company.

The notice of meeting and circular for the AGM to be held in December, 2023, are anticipated to be sent to shareholders on or about Nov. 24, 2023.

Mr. Twigger, chair, and Mr. Clare, non-executive director of Solgold, jointly stated:

"Our time at Solgold has been marked by significant progress and the consolidation of the Cascabel project. The company's current trajectory is highly encouraging. Following the AGM, we believe it's the right moment for us to step aside, confident in Solgold's ability to further advance Cascabel and the ongoing strategic review on parallel paths."

Scott Caldwell, Solgold's chief executive officer and president of Solgold Ecuador, commented:

"I would like to express my sincere appreciation to Liam and James for their significant contributions and steadfast commitment, especially during the critical phase post-Cornerstone merger and throughout our ongoing strategic review and feasibility studies. Their guidance has been instrumental in our journey."

Nick Mather, Solgold founder and non-executive director, remarked:

"Liam and James have played important roles in shaping the company's path forward. Their advice and contribution have been greatly valued, and we acknowledge their support and dedication to Solgold's mission."

About Solgold PLC

Solgold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.

The company operates with transparency and in accordance with international best practices. Solgold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing the environmental impact.

We seek Safe Harbor.