Mr. Nav Dhaliwal reports

RENEGADE GOLD COMPLETES OPTION AGREEMENTS

Further to Renegade Gold Inc.'s news release of May 28, 2025, it has closed the transaction whereby it amended the terms of purchase option agreements on its Satterly gold and Uchi gold properties. The agreements were first announced in the company's news release dated April 5, 2022.

Under the Satterly gold agreement, the company issued 200,000 common shares to the optionors in replacement of the payment of $28,000. Under the Uchi gold agreement, the company issued 500,000 common shares to the optionors in replacement of the payment of $40,000 and issuance of 20,000 common shares. The company has now earned a 100-per-cent interest in the Satterly gold project, subject to a 1.5-per-cent net smelter returns royalty in favour of the optionors and a 100-per-cent interest in the Uchi gold project, subject to a 2.0-per-cent net smelter returns royalty in favour of the optionors. All common shares issued to the optionors are subject to a hold period expiring Oct. 14, 2025.

About Renegade Gold Inc.

Renegade Gold is a growth-focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake mining district of Northern Ontario. As part of its regional-scale consolidation strategy, the company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits, as well as along the Confederation Lake and Birch-Uchi greenstone belts. The company's ownership in Red Lake covers over 89,600 hectares of prospective and diversified exploration properties with significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today.

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