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P2 Gold Announces Sale of Ball Creek (BAM) Claims

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P2 Gold Announces Sale of Ball Creek (BAM) Claims

P2 Gold Inc. (TSX-V: PGLD) (OTCQB: PGLDF) reports that it has entered into a definitive agreement signed December 4, 2024 to sell its Ball Creek Claims (also known as the BAM Project) to Kingfisher Metals Corp. an arm’s length party, on (a) payment of $1 million, with $50,000due on signing the Agreement and $950,000 due on the closing of the Transaction; and (b) issuance of shares of Kingfisher having a value of $250,000, with the shares priced at the closing price of the shares on the TSX Venture ExchangeP2  immediately prior to an announcement of the Agreement.  The Transaction remains subject to a number of conditions, including Exchange approval, and Kingfisher completing a private placement of at least $1 million.  The closing of the Transaction is anticipated on or about February 28, 2025. No finder’s fees are payable.

The Company plans to use the proceeds from the Transaction for additional metallurgical test work on its Gabbs Project and the permitting of production water wells at the Gabbs Project.  The Company will provide additional details of its plans as they progress.

About P2 Gold Inc. 

P2 Gold is a mineral exploration and development company focused on advancing its gold-copper Gabbs Project on the Walker Lane Trend in Nevada.  A positive preliminary economic assessment has outlined a long-life, mid-size mine at Gabbs with annual average production of 104,000 ounces gold and 13,500 tonnes copper over a 14.2-year mine life.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Posted December 5, 2024

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