Mr. John McConnell reports

VICTORIA GOLD ANNOUNCES APPOINTMENT OF RECEIVER OVER VICTORIA GOLD CORP.

Further to the company's news release dated Aug. 14, 2024, the Ontario Superior Court of Justice (commercial list) has granted an order appointing PricewaterhouseCoopers Inc. as the receiver and manager of Victoria Gold Corp., including, without limitation, all property, assets and undertakings in which the respondent has an interest, including the real property which includes but is not limited to the Eagle gold mine located in Dublin Gulch, Yukon, Canada.

The company expects that the Toronto Stock Exchange will immediately suspend the common shares of the company from trading and initiate and expedite a delisting review.