Mr. Rocco Tassone reports

DIXIE GOLD INC. ANNOUNCES NAME CHANGE TO SPARTACUS METALS INC., SHARE CONSOLIDATION AND SYMBOL CHANGE

Further to resolutions of Dixie Gold Inc.'s board of directors dated July 21, 2026, Dixie Gold Inc. intends to: (i) change its name from Dixie Gold Inc. to Spartacus Metals Inc.; (ii) consolidate its issued and outstanding common shares on the basis of four preconsolidation common shares for each one postconsolidation common share; and (iii) change its trading symbol on the TSX Venture Exchange from DG to SPAR. The name change, the consolidation and the symbol change are each subject to the acceptance of the TSX-V.

Name change and symbol change

Upon the name change becoming effective, the company will be known as Spartacus Metals Inc., and its common shares are expected to commence trading on the TSX-V under the new trading symbol SPAR, or such other trading symbol as may be accepted by the TSX-V. The board determined that the name change and the symbol change better reflect the company's business focus and strategic direction.

Share consolidation

The company currently has 31,737,188 common shares issued and outstanding. On the consolidation becoming effective, and subject to the treatment of fractional shares described below, the company will have approximately 7,934,297 common shares issued and outstanding.

No fractional postconsolidation common shares will be issued in connection with the consolidation. Each fractional postconsolidation common share that is less than one-half of a postconsolidation common share will be cancelled, and each fractional postconsolidation common share that is at least one-half of a postconsolidation common share will be converted into one whole postconsolidation common share, in each case without any repayment of capital or other compensation. Accordingly, the actual number of postconsolidation common shares issued and outstanding may differ from the number set out above.

The number of common shares issuable under, and the exercise or conversion price of, all outstanding stock options, share purchase warrants and other securities of the company convertible into or exercisable or exchangeable for common shares will be adjusted proportionately in accordance with their respective terms and applicable TSX-V policies to reflect the consolidation.

Other than in respect of the rounding of fractional shares described above, the consolidation will not affect the proportionate equity interest or voting rights of any shareholder of the company relative to other shareholders.

No shareholder approval required

The articles of the company permit the board to approve and implement each of the name change and the consolidation without shareholder approval. Accordingly, the name change and the consolidation were approved by the board, and no meeting of, or approval by, the shareholders of the company is required.

Effective date, new Cusip and ISIN, and shareholder action

Subject to acceptance by the TSX-V and the completion of all applicable corporate and regulatory filings, the name change, the symbol change and the consolidation are expected to become effective on or about Aug. 5, 2026.

The postconsolidation common shares of the company have been assigned the new Cusip No. 846771103 and the new ISIN CA8467711039.

Registered shareholders of the company will be mailed a letter of transmittal by the company's transfer agent, Endeavor Trust Corp., containing instructions with respect to the surrender of share certificates representing preconsolidation common shares in exchange for share certificates or a direct registration statement, as applicable, representing postconsolidation common shares. Registered shareholders are encouraged to complete, sign and return the letter of transmittal, together with their existing share certificate(s), in accordance with the instructions set out therein. Shareholders who hold their common shares through a broker, investment dealer, bank, trust company or other intermediary are not required to take any action in connection with the consolidation, and should contact their intermediary with any questions.

About Dixie Gold Inc.

Dixie is a junior exploration company holding a portfolio of mining-related interests in Canada.

We seek Safe Harbor.