Mr. Randy Turner reports

INDEPENDENCE GOLD ANNOUNCES FINANCING OF UP TO $3.0 MILLION

Independence Gold Corp. has arranged an equity financing of flow-through common shares and units. The FT shares will be offered at 22 cents and the units will be offered at a price of 22 cents for maximum aggregate proceeds of up to $3-million and a combined total of a maximum 13,636,363 shares issued. Each unit will consist of one common share of the company and one-half common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share at an exercise price of 28 cents per common share for a period of 24 months. Subject to compliance with applicable securities laws and the approval of the TSX Venture Exchange, finders' fees may be payable to eligible arm's-length persons with respect to certain subscriptions accepted by the company.

The proceeds from the FT shares will be used by the company to incur eligible Canadian exploration expenditures that will qualify as flow-through mining expenditures, as such terms are defined by the Income Tax Act (Canada), related to the 3Ts project, British Columbia. All qualifying expenditures will be renounced in favour of the subscribers of the FT shares, effective Dec. 31, 2024. A portion of the proceeds from the units is also intended to be used for general and administrative purposes.

The closing of the offering is subject to the receipt of applicable regulatory approvals, including the approval of the TSX-V. The securities issued will be subject to a four-month hold period.

President and chief executive officer Randy Turner commented: "Independence has completed two drill programs in the last year at the 3Ts project, and we are excited with the results. With the discovery of new veins at 3Ts, including the Ian and Johnny veins, and additional target areas such as Ootsa, it shows that there is the potential for a lot more exploration to be undertaken. We look forward to expanding this project further with the next drill program, expected to commence within a month."

We seek Safe Harbor.