Mr. James Longshore reports

XTRA-GOLD ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Further to Xtra-Gold Resources Corp.'s press release of September 12, 2025, it has closed an oversubscribed non-brokered private placement of 1,018,000 units for gross proceeds of $2,452,000 (the "offering"). The company sold: (i) 918,000 units at a price of $2.40 per unit, each unit being comprised of one common share and one-half of a common share purchase warrant, each whole warrant exercisable for one common share at the price of $2.80 for a period of 24 months; and (ii) 100,000 units to an insider of the company at a price of $2.49, each unit being comprised of one common share and one-half of a common share purchase warrant, each whole warrant exercisable for one common share at the price of $2.93 for a period of 24 months. All warrants are non-transferable.

In connection with the offering, the company has paid cash finder's fee in the amount of $142,812 and issued 59,280 non-transferable finders' warrants to a qualified arm's-length finder. Each finder's warrant entitles the holder to purchase one additional share at a price of $2.50 per share for a period of 24 months upon issuance.

Proceeds of the offering will be used for general working capital purposes. All securities issued under the offering are subject to a statutory hold period in accordance with applicable Canadian securities law and may not be traded until Feb. 22, 2026, except as permitted by applicable securities legislation and the policies of the Toronto Stock Exchange.

The portion of the offering acquired by an insider of the company constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in the offering by the insider does not exceed 25 per cent of the market capitalization of the company.

About Xtra-Gold Resources Corp.

Xtra-Gold is a gold exploration company with a substantial land position in the Kibi gold belt, in Ghana, West Africa.

We seek Safe Harbor.