Mr. Nav Dhaliwal reports

PACTON GOLD ARRANGES $2.5M FINANCING

Pacton Gold Inc. has arranged a non-brokered private placement of 10 million common shares at a price of 25 cents per share for total gross proceeds of $2.5-million.

Red Cloud Securities Inc. will be acting as a finder for the offering on behalf of the company. The company will pay finders' fees to Red Cloud and others pursuant to the policies of the TSX Venture Exchange.

Proceeds from the offering will be used to complete the acquisition of the Adeline project (see news releases dated Oct. 19, 2022, and Nov. 16, 2022), to commence exploration and development on the Adeline project and for general working capital.

The closing of the offering will be subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX-V.

All securities issued under the placement will be subject to regulatory hold periods expiring four months and one day from the date of issue.

About Pacton Gold Inc.

Pacton Gold is a Canadian exploration company with key strategic partners focused on the exploration and development of high-grade mineral resource properties in Ontario, Canada. Pacton Gold has entered into a purchase agreement dated Oct. 18, 2022, with Chesterfield Resources PLC and its wholly owned subsidiary Chesterfield (Canada) Inc., pursuant to which Pacton Gold has agreed to acquire a 100-per-cent interest in the Adeline high-grade copper project in Labrador, Canada (see news releases dated Oct. 19, 2022, and Nov. 16, 2022), and is in the process of seeking regulatory approval of such acquisition. The company also owns a strategic portfolio of prospective projects in Western Australia.

We seek Safe Harbor.