Mr. Scott Caldwell reports

SOLGOLD PLC ANNOUNCES CASCABEL CIPA

Solgold PLC has signed a joint declaration with the government of Ecuador in preparation for the execution of the complementary investment protection agreement (IPA) for the Cascabel project in Ecuador. The signing took place in Toronto at the Prospectors and Developers Association of Canada (PDAC) convention, representing a significant advancement in the company's commitment to the project and its partnership with the Ecuadorian government.

The signing was conducted by the Minister of Production, Foreign Trade, Investments and Fisheries, Sonsoles Garcia, and Scott Caldwell, chief executive officer of Solgold, on behalf of Solgold and Solgold Finance AG, along with representatives from Exploraciones Novomining SA and Solgold-Ecuador SA, in advance of the definitive complementary IPA to be signed in Ecuador.

In addition to the $311-million (U.S.) investment addressed by the current IPA, under the complementary IPA, there is a commitment to invest a total of $3.2-billion (U.S.) over the subsequent years in activities related to the Cascabel mining concession. The complementary IPA embodies the largest mining investment in Ecuadorian history, highlighting the scale and importance of the project, Solgold's commitment and the impact on the broader Ecuadorian mining sector.

Scott Caldwell, Solgold's chief executive officer and president of Solgold Ecuador, commented: "The complementary investment protection agreement not only reinforces the protections for our key investment in Ecuador, but also symbolizes a deepening of our relationship with the Ecuadorian state. President Noboa's attendance and insightful speech at the PDAC convention were warmly welcomed by the mining community and underscores the significant support of his administration for responsible mining in Ecuador."

About Solgold PLC

Solgold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits, and it 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 environmental impact.

We seek Safe Harbor.