Mr. Randy Turner reports

INDEPENDENCE GOLD ANNOUNCES CLOSING OF $2.0M NON-BROKERED PRIVATE PLACEMENT

Independence Gold Corp. has closed the non-brokered private placement announced Dec. 12, 2024. The company issued 6,666,633 flow-through common shares (FT shares) at a price of 30 cents per FT share for total proceeds of $1,999,989.90.

The company paid finders' fees of $95,999 cash and 159,997 non-transferable finders' compensation warrants in connection with the distribution of FT shares to arm's-length subscribers. Each finder's warrant entitles the holder to purchase one common share of the company at a price of 30 cents per common share until Dec. 19, 2026. In accordance with applicable securities legislation, all securities issued pursuant to the offering are subject to a hold period of four months plus one day from the date of the completion of the offering.

The proceeds from the sale of the FT shares will be used by the company to incur for Canadian exploration expenses as defined by the Income Tax Act (Canada) at its 3Ts property in British Columbia.

We seek Safe Harbor.