Mr. Gordon Robb reports

AI ENHANCED 3D MODEL DEFINES A POTENTIAL DISTRICT SCALE GOLD AND SILVER SYSTEM AT ESGOLD'S MONTAUBAN PROJECT

Esgold Corp. has partially completed and interpreted a comprehensive 3-D geological model of its flagship Montauban gold-silver project in Quebec.

The model, developed by Geomatic World Inc., consolidates over half a century of geological data, drilling records and mine plans into a single, modern 3-D representation. The results partially demonstrate that mineralization at Montauban may follow a mineralized system that may look like a volcanogenic massive sulphide system with consistent gold, silver, zinc and lead enrichment -- sharing certain key geological features with globally recognized deposits such as Broken Hill (Australia) and Millenbach (Noranda, Que.) although the deposit is not of the same age nor geological context as any of those deposits.

Gordon Robb, chief executive officer and director of Esgold, commented: "The Montauban model is the most significant technical milestone in the project's modern history. What was once seen as a series of small, isolated deposits now seems to emerge as a continuous, multilayered mineral system with dimensions not previously recognized at Montauban."

Mr. Robb added: "The continuity of mineralized horizons, structural alignment and metamorphic overprint identified in this model provide the geological backbone to explore Montauban as a true district. With our cash-flow-ready tailings operation and construction well advanced, we're uniquely positioned to self-fund exploration across the property and accelerate discovery without excessive dilution."

Key geological highlights from the 3-D model:

• Continuous, stacked mineralized zones: The model defines multiple gold- and silver-rich sulphide horizons extending beyond historical mine workings, aligned with regional fault structures that remain open along strike and at depth.
• Structural coherence and scale: Mineralized lenses follow predictable structural trends and fold geometries, indicating a large-scale, multihorizon VMS system typical of mature mining camps such as Noranda and Broken Hill.
• Broken Hill and Millenbach analogues: Montauban exhibits similar geological architecture -- metamorphosed VMS mineralization, strong structural repetition and gold-silver enrichment -- placing it within the same family of deposit types capable of hosting significant tonnages; however, the company acknowledges there is no assurance of same or even similar results as those analogous deposits.
• Digital integration of tailings and hard rock: The 3-D model integrates both mineralized zones and historical tailings volumes, giving Esgold a full digital twin of the property. This dual focus supports near-term reprocessing cash flow and long-term exploration upside. Additional technical data from the historical underground polymetallic zone are still being digitized, a process now under way that will further enhance the model once complete.

Camp-scale potential emerging

The data suggest Montauban may represent the central node of a broader polymetallic corridor, with potential for additional pods or lenses extending well beyond known zones.

Next steps for the project:

• Proceed with property-wide ambient noise tomography survey: Esgold will expand its existing ANT passive seismic program across the entire Montauban property to map deeper structures, potential feeder systems and additional mineralized pods.
• Digitize and incorporate historical mine records: Historical mine plans, underground workings and regional geological data will be merged into the 3-D model to enhance resource continuity and target prioritization.
• Develop a systematic exploration and drilling program: A comprehensive exploration road map will be finalized to include systematic stepout and infill drilling near the deposit along major structural corridors identified in the model, as well as an exploratory program farther from the known zones.
• Initiate drill permitting process: Esgold will begin the application process to secure all necessary permits for its next phase of exploration drilling.
• Self-financed discovery model: With construction of the Montauban mill building complete and the company now advancing sourcing and procurement of the Merrill-Crowe processing circuit, Esgold's near-term cash flow from tailings reprocessing has the ability to finance exploration internally, minimizing dilution while maximizing discovery leverage.

A vision for growth

Montauban now stands as a fully permitted project with mill building construction complete and processing circuit procurement under way, supported by a geological framework of district-scale potential. The combination of near-term production readiness and multipod exploration upside uniquely positions Esgold among emerging producers in Quebec, a province globally recognized for its mining stability, infrastructure and access to clean energy.

Why this matters to investors

The new 3-D model demonstrates that Montauban is not just a reclamation or redevelopment story. It is the nucleus of a potentially much larger gold, silver and base metal district.

By continuing confirming geological similarities to world-class systems like Broken Hill and Millenbach, Esgold has established a foundation for multiyear, multitarget exploration across a structurally controlled corridor that remains vastly underexplored.

With a fully financed production path, robust economics and an emerging exploration blueprint, Esgold offers investors the rare combination of near-term cash flow, low capital risk and large-scale discovery potential -- all within one of the safest mining jurisdictions in the world, being Quebec.

Qualified person statement

The technical content of this news release has been reviewed and approved by Andre Gauthier, PGeo, a director of Esgold, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Sampling described herein was conducted for due diligence screening. Independent verification, quality assurance/quality control and systematic work remain outstanding. No mineral resources or reserves are declared.

About Esgold Corp.

Esgold is a fully permitted, fully financed, preproduction mining company advancing a scalable clean mining model across North and South America. The company's flagship Montauban gold-silver project in Quebec is under construction with production anticipated in 2026. Esgold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. With a dual-track strategy of cash flow today and discovery tomorrow, Esgold is building a platform for clean, sustainable growth and long-term shareholder value.

We seek Safe Harbor.