Mr. Paul Mastantuono reports

ESGOLD ANNOUNCES CLOSING OF C$8.0 MILLION BROKERED LIFE OFFERING

Esgold Corp. has closed its previously announced best efforts private placement for gross proceeds of $8-million, which includes the exercise in full of the agent's option. Pursuant to the offering, the company sold 10,666,667 units of the company at a price of 75 cents per unit. Red Cloud Securities Inc. acted as sole agent and bookrunner in connection with the offering.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder thereof to purchase one common share at a price of $1.10 at any time on or before Sept. 18, 2028.

The company intends to use the net proceeds of the offering for the advancement of the company's flagship Montauban project in Quebec, as well as for general working capital and corporate purposes, as is more fully described in the amended offering document (as defined herein).

In accordance with National Instrument 45-106, Prospectus Exemptions, the units were issued to Canadian purchasers, as well as purchasers in the United States and offshore jurisdictions, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The common shares and the warrants underlying the units, and the warrant shares underlying the warrants, if exercised, are immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada.

As consideration for their services, the agent received aggregate cash fees of $460,867.50 and 614,490 non-transferable common share purchase warrants. Each broker warrant is exercisable into one common share of the company at the offering price at any time on or before Sept. 18, 2028. The broker warrants and broker warrant shares are subject to a statutory hold period in accordance with applicable Canadian securities law and may not be traded until Jan. 19, 2026, except as permitted by applicable securities legislation and the policies of the Canadian Securities Exchange.

There is an amended offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website.

The closing of the offering remains subject to the final approval of the CSE.

About Esgold Corp.

Esgold is a fully permitted, preproduction resource company at the forefront of clean mining and exploration innovation. With proven expertise in Quebec, the company is advancing its projects toward production and feasibility while delivering long-term value through sustainable resource recovery and exploration. Esgold's flagship Montauban property, located 80 kilometres west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential.

We seek Safe Harbor.