Mr. Gordon Robb reports

ESGOLD REPORTS POSITIVE RESULTS FROM COLOMBIAN TAILINGS

Esgold Corp. has released initial metallurgical results from the Deister table tests from bulk tailings samples collected in Colombia's Bolivar region under the company's recently signed Planta Magdalena memorandum of understanding. Bench work, which was supervised by Edmond St-Jean, Ing, confirms materials tested are amenable to simple gravity separation using a circuit analogous to the flow sheet for Esgold's Montauban project in Quebec.

Key highlights:

• Representative feed grades (bench scale): mean analyzed approximately 4.88 grams per tonne gold and approximately 35.7 g/t silver (mean calculated balance approximately 5.05 g/t Au and approximately 30.2 g/t Ag), consistent with historical mercury-processed tailings;
• Recoveries (bench scale): gold recovery varied by test with one test achieving approximately 52-per-cent-gold recovery with clean separation; lower and variable recoveries in other tests were attributed to manual, irregular feeding during bench work; optimization procedures implemented are expected to improve and stabilize recoveries;
• Concentrate grades (bench scale): average gravity concentrate approximately 59 g/t Au and approximately 193 g/t Ag across tests (test-to-test variability noted);
• Mass pull: approximately 2.8 per cent of feed reported to gravity concentrate on average; a secondary upgrade step (for example, Gemini table) is expected to further reduce concentrate mass for downstream treatment;
• Simple circuit and low reagents: tests used no additional chemical reagents, and results were compatible with Esgold's low-reagent, low-emission gravity flow sheet at its Montauban project.

"With our team now on the ground in Bolivar, these results provide clear validation of the strong potential economics that can be achieved through a simple, clean extraction process," said Gordon Robb, chief executive officer of Esgold. "We were encouraged as tests confirm the technical merits of the material and suggest that further optimization, including recovery of silver values, could further enhance the project. As we move forward with validation, our team is focused on advancing pilot work, improving process efficiency and assessing the surrounding area for additional sources of higher-grade feed. Taken together, these steps represent the beginning of what appears to be a very promising chapter for Esgold in Colombia."

Economic significance (illustrative only)

Because this material from Colombia's Bolivar region has been through the ore treatment process and is on surface, the development concept avoids drilling, blasting and haulage, which can shorten the path to potential cash flow providing that pilot results confirm stable recoveries and saleable concentrate/dore. Any per-tonne value illustrations from the report are bench scale and preliminary, and they are not production forecasts and are currently insufficient to demonstrate economic viability.

Next steps

The company will focus on optimization (that is, grind size, table slope and water flow), confirmatory sampling across the tailings area and pilot-scale testing on site in Colombia. These steps will help refine recoveries, confirm concentrate specifications and finalize the modular flow sheet design ahead of potential deployment.

Why this matters to investors

Early metallurgical results reported herein validate Esgold's ability to identify and advance low-capital-expenditure, high-margin opportunities that fit within its clean mining strategy. With Mountauban concurrent advancing toward 2026 production, the addition of the potential operation in Colombia strengthens Esgold's long-term growth outlook. The combination of near-term production, scalable processing and exploration upside positions Esgold to build one of the most innovative and sustainable emerging producers in the gold and silver sector.

Qualified person

The technical content of this news release has been reviewed and approved by John Langton (PGeo), a qualified person under National Instrument 43-101 (Standards of Disclosure for Mineral Projects). The bench testing summarized in this press release was supervised by Edmond St-Jean, Ing, whose underlying report notes that samples were provided sealed by the company's project partner in Colombia and used as received. As such, representativeness cannot be confirmed at this stage. Data and results are preliminary but considered reliable for disclosure purposes.

About Esgold Corp.

Esgold is a fully permitted, fully financed, preproduction mining company advancing a scalable clean mining model across North and South America. The company's flagship Montauban gold-silver project in Quebec is under construction with production anticipated in 2026. Esgold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. With a dual-track strategy of cash flow today and discovery tomorrow, Esgold is building a platform for clean, sustainable growth and long-term shareholder value.

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