ESGold Corp. (CSE: ESAU) (FSE: Z7D) is pleased to announce the closing of its previously announced “best efforts” private placement for gross proceeds of C$8,000,000, 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 C$0.75 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 C$1.10 at any time on or before September 18, 2028.

The Company intends to use the net proceeds of the Offering for the advancement of the Company’s flagship Montauban Project in Québec 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 C$460,867.50 and 614,490 non-transferable common share purchase warrants (the “Broker Warrants“). Each Broker Warrant is exercisable into one common share of the Company (a “Broker Warrant Share“) at the Offering Price at any time on or before September 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 January 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 at www.sedarplus.ca and on the Company’s website at: www.esgold.com.

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

The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or U.S. persons, absent registration under the U.S. Securities Act and all applicable U.S. state securities laws or in compliance with an exemption therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About ESGold Corp.

ESGold Corp. is a fully permitted, pre-production 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 kilometers west of Quebec City, serves as a model for responsible mining practices, combining near-term production with district-scale discovery potential.