Mr. Ryan Kalt reports

DIXIE GOLD INC. REPORTS AGM RESULTS AND STOCK OPTION GRANT

Dixie Gold Inc. has provided a corporate update following its recent shareholder meeting.

Annual meeting results

Dixie Gold is pleased to report that all resolutions (the AGM resolutions) presented to shareholders at its recent annual general meeting held on Friday, Dec. 20, 2024, in Vancouver, B.C., were duly passed and put into effect.

The AGM resolutions were outlined in the corporation's information circular dated Nov. 5, 2024, with exception of an update regarding the appointment of the auditor.

At the meeting, shareholders re-elected incumbent-directors Ryan Kalt and Brian Hearst to serve as directors on its board of directors, and a floor nomination of a new director, Michael England Jr., was approved at the meeting. No other parties were elected or stood as nominees at the meeting. As a result of the meeting, the corporation's board of directors now comprises itself as to Mr. Kalt (chairman), Mr. Hearst (independent director) and Mr. England Jr. (independent director).

In conjunction with the above, the corporation is pleased to extend a warm welcome to Mr. England Jr. as a new member of its board of directors. Mr. England Jr. is the founder of JRX Media, a digital media agency focused on the junior mining exploration industry. He brings a significant knowledge base involving junior mining corporate communications strategies to Dixie Gold.

As disclosed in the meeting circular distributed to shareholders, A Chan and Company LLP, chartered professional accountant (the former auditor), was originally proposed for reappointment. Subsequent to the issuance of the meeting circular, the corporation's board of directors appointed Adam Sung Kim Ltd., chartered professional accountants, as the new auditor of the corporation (the successor auditor), replacing the former auditor (see regulatory filing by the corporation, notice of change of auditor dated Nov. 20, 2024, as available on SEDAR+). At the meeting, the successor auditor was confirmed as the auditor of the corporation for the ensuing year at a remuneration to be fixed by the corporation's board of directors.

Stock option grant

In recognition of an appointment made at the meeting, Dixie Gold reports that it has today granted 100,000 incentive stock options, having an exercise price of six cents per stock option, to a director of the corporation. The incentive stock options are exercisable for a period of 60 months, vest immediately and are subject to the policies of the TSX Venture Exchange, and the terms of the corporation's stock option plan.

About Dixie Gold Inc.

Dixie Gold is a publicly traded exploration company holding a portfolio of exploration projects in Canada.

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