Mr. Devin Pickell reports

RENEGADE GOLD CLOSES $4.36 MILLION NON FLOW-THROUGH AND $300,000 FLOW-THROUGH PRIVATE PLACEMENT

Renegade Gold Inc. has closed a non-brokered private placement for aggregate gross proceeds of $4,664,270, consisting of non-flow-through units (NFT units) at 23 cents per NFT unit for gross proceeds of $4,364,270 and flow-through units (FT units) at a price of 23 cents per FT unit for gross proceeds of $300,000.

Each NFT unit consists of one common share of the company and one transferable share purchase warrant, each warrant exercisable into one share for a period of three years from the date of issue at a price of 30 cents per share. Each FT unit consists of one flow-through share and one-half of one transferrable share purchase warrant, each whole warrant exercisable into one non flow-through share for three years from the date of issue at a price of 30 cents per share.

The company will use the proceeds from the sale of the NFT units to extinguish debt, for exploration expenditures and for general working capital. The company will use the gross proceeds from the sale of the FT units to incur Canadian exploration expenses that are flow-through mining expenditures (as such terms are defined in the Income Tax Act (Canada)) related to the company's projects in Ontario.

The company issued an aggregate of 1,212,756 non-transferable share purchase warrants in payment of finders' fees under the placement. Each finder's warrant is exercisable into one share for a period of two years from the date of issue at a price of 30 cents per share.

All securities issued under the placement are subject to applicable regulatory holds expiring on April 24, 2026. Additionally, the shares underlying the NFT units and FT units (but excluding the shares underlying the NFT warrants and FT warrants) are subject to a 12-month contractual hold period expiring Dec. 23, 2026.

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 1,320-square-kilometre prospective and diversified exploration portfolio has significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today, though mineralization elsewhere in the Red Lake mining district is not necessarily indicative of the mineral potential at the company's properties.

We seek Safe Harbor.