P2 Gold Inc.  (TSX-V: PGLD) and (OTCQB: PGLDF) reports that it has completed the sale of its Ball Creek Claims  (also known as the BAM Project) to Kingfisher Metals Corp. which was previously announced on December 5, 2024.  Under the terms of the definitive agreement, the Company received 1,515,151 common shares in the capital of Kingfisher and C$950,000 in cash in exchange for the transfer of the claims on the closing of the Transaction.

The Company plans to use the proceeds from the Transaction for additional metallurgical test work on, and the permitting of production water wells at, its Gabbs Project located on the Walker Lane Trend in Nevada.  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.