Mr. Paul Mastantuono reports

ESGOLD CORP. ANNOUNCES UPSIZE OF FLOW-THROUGH SHARE PRIVATE PLACEMENT TO GROSS PROCEEDS OF UP TO C$4.5 MILLION

Esgold Corp., as a result of strong investor demand, has increased the maximum gross proceeds of its previously announced non-brokered private placement from $2,975,000 to $4,505,000. Pursuant to the offering, the company shall sell up to 5.3 million flow-through (FT) common shares of the company at a price of 85 cents per FT share. Red Cloud Securities Inc. is acting as an exclusive finder in connection with the offering.

The company intends to use the proceeds from the offering to finance the exploration of the company's Montauban property in Quebec. The gross proceeds from the sale of the FT shares will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada) that will qualify as flow-through mining expenditures as defined in Section 359.1 of the Taxation Act (Quebec), which will be incurred on or before Dec. 31, 2026, and renounced to the purchasers of FT shares with an effective date no later than Dec. 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issue of the FT shares.

The company may pay finders' fees to eligible finders in connection with the offering.

The offering is expected to close on or about Dec. 8, 2025. Closing of the offering is subject to various conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

About Esgold Corp.

Esgold is a fully permitted, fully financed, preproduction mining company advancing a scalable clean mining model across North America 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.

We seek Safe Harbor.