Relevant Gold Corp. (TSX–V:RGC) (OTCQB:RGCCF) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (see news release dated May 2, 2024). The company raised gross proceeds of $1,445,325 in Tranche One on the issuance of a total of 5,781,300 Units at a price of $0.25 per unit. Each Unit consists of one common share of the Company and a one-half share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of 24 months from the date of issue. The Company is finalizing a second follow-on closing and expects that to close in early July 2024.

The proceeds from the sale of the private placement will be used to fund exploration activities at the Company’s projects in Wyoming, USA, and for general working capital.

The Company paid a total of $43,041.25 cash finder’s fees and issued 172,165 finder’s warrants in connection with the offering. All securities issued in the Private Placement are subject to a four (4) month hold period from the closing date under applicable securities laws in Canada expiring on October 27, 2024. In connection with the Private Placement, Relevant Gold directors and management participated in this financing and purchased a total of 552,800 Units. The issuance of Units to the directors and management of the Company constitutes a “related party transaction” as defined under Multilateral Instrument 61-101. The transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued nor the consideration paid by such persons exceeds 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. 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 state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Relevant Gold Corp.

Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation for shareholders. Relevant Gold is focused on the acquisition, exploration, discovery, and development of district-scale gold projects in the state of Wyoming – one of the most mining-friendly jurisdictions in the United States and globally.