1911 Gold Corporation (TSX-V: AUMB) (OTCBB: AUMBF) (FRA: 2KY) is pleased to announce that it has received $1,666,667 from the recent warrant exercise by 2176423 Ontario Ltd, a corporation that is beneficially owned by Eric Sprott, and will finalize plans for the upcoming drill program, set to commence in mid-October, at the Company’s 100%-owned Rice Lake Gold property in Manitoba, Canada. All currency in this news release is denominated in Canadian dollars.

Eric Sprott exercised 16,666,667 warrants, received pursuant to the Company’s $3,900,000 non-brokered private placement closed in December 2023, for proceeds of $1,666,667. Mr. Sprott’s share ownership prior to the exercise was 16,666,667 shares which represented 12.4% of the Company’s 134,753,207 shares outstanding. After the exercise, Mr. Sprott’s ownership totals 33,333,334 shares which represents 22.0% of the Company’s 151,419,874 shares outstanding.

These funds will allow the Company to finalize the plans for drilling expected to commence in October, and mobilize the drill contractor to site along with additional drilling support services. The Company will provide the full details for the drill program in the following weeks.  All planned drill targets are located within the existing mine footprint.

“On behalf of the Board, I would like to sincerely thank Eric Sprott for his substantial early warrant exercise and continued support of the Company” stated Shaun Heinrichs, President and CEO. “I expect we will see more warrants exercised over the coming weeks with the release of the updated mineral resource estimate and in support of the Company’s upcoming drill program.”

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.