Mr. Gordon Robb reports

ESGOLD EXPANDS MONTAUBAN FOOTPRINT THROUGH STRATEGIC CLAIM ACQUISITIONS

Esgold Corp. has entered into binding purchase agreements to acquire an additional 44 mineral claims totalling approximately 2,448 hectares in the Montauban region of Quebec. These acquisitions expand the company's contiguous land position surrounding its Montauban gold-silver project and provide additional exploration potential along a prospective mineralized trend. The company has agreed to acquire a 100-per-cent interest in the claims for total consideration of $70,000 in cash and 600,000 common shares at a deemed price of 50 cents per common share, with a deemed value of $300,000. Closing of the claims is expected to occur within the next 30 days, subject to customary conditions including due diligence, transfer of title, and regulatory and exchange approvals where applicable.

Strategic expansion in a prospective geological corridor

The newly acquired claims cover areas with historically documented polymetallic mineralization, including zones in the vicinity of Lac Viking, Lac Lanctot and Lac Charlie. Historical work conducted by various operators, including Soquem, reported the presence of semi-massive sulphide mineralization hosted in gneissic and metasedimentary rocks.

Reported historical drill and sampling highlights include:

• 1.65 grams per tonne gold over 7.27 metres, including 3.42 g/t Au over 2.68 m (hole 93-24);
• 5.48 per cent zinc, 0.36 per cent copper, 0.35 g/t Au and 6.8 g/t silver over 3.15 m (hole 097-91-19);
• 1.67 g/t Au over 1.47 m (hole TR-15-01);
• 3,447 parts per million Cu and 2,615 ppm Cu over one m in channel samples.

These results are indicative of a polymetallic mineral system; however, they are historical in nature and have not been independently verified by the company.

Based on compilation of available data, mineralization is interpreted to occur within a structurally controlled corridor that may extend over several kilometres. This interpretation remains conceptual and requires confirmation through systematic modern exploration.

Geological context and exploration model

The Montauban district is characterized by a polymetallic mineral system interpreted as a metamorphosed and structurally modified volcanogenic massive sulphide (VMS) environment, with gold enrichment and remobilization along deformation zones.

Mineralization typically occurs as sulphide lenses and disseminations within deformed stratigraphy and may be structurally thickened or repeated. Exploration targeting is therefore focused on identifying:

• Structural controls on mineralization;
• Continuity of sulphide lenses along strike and at depth;
• Potential extensions beyond historically mined zones.

The company is currently integrating geological, geochemical and geophysical data sets, including ambient noise tomography (ANT), to develop a 3-D geological interpretation of the district. These interpretations are conceptual in nature and are intended to guide future exploration drilling. No mineral resources or reserves have been defined.

Continuing exploration and target development

The company's continuing exploration program includes a district-scale ANT survey and integrated 3-D modelling initiative covering approximately 70 square kilometres. The objective of this work is to improve understanding of subsurface structural features and geological architecture.

Preliminary interpretations from this work suggest the potential presence of structural features that may be associated with mineralization at depth and along strike; however, these interpretations have not been validated by drilling and should not be considered evidence of mineral continuity or economic potential.

The expanded land position provides Esgold with increased flexibility to evaluate and prioritize exploration targets as new data are incorporated.

Chief executive officer commentary

"These acquisitions reflect our disciplined approach to building a district-scale exploration opportunity at Montauban," said Gordon Robb, chief executive officer of Esgold. "As our geological understanding evolves through ongoing data integration and interpretation, securing additional prospective ground positions us to systematically evaluate targets and advance exploration in a structured manner."

Qualified person statement

The scientific and technical information contained in this news release has been reviewed and approved by Andre Gauthier, PGeo, a director of Esgold and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Mr. Gauthier has reviewed the available geological information relating to the claims acquired and considers it relevant for exploration purposes.

Historical data disclosure

The historical results disclosed in this news release are derived from reports prepared by previous operators. The company has not independently verified this information. While the company considers these data to be relevant as an indication of the exploration potential of the property, the reliability of the data cannot be confirmed.

The historical results do not comply with current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards and should not be relied upon as mineral resource or reserve estimates. Additional work, including verification sampling, drilling and modern analytical procedures, will be required to confirm and validate these results.

Equity incentive grants

The company also announces that, pursuant to its omnibus incentive plan, the company has granted an aggregate of 2,575,000 stock options and 500,000 restricted share units (RSUs) to certain employees, officers, directors and consultants. Each stock option vests immediately and is exercisable into one common share of the company at a price of 50.5 cents per common share and 1,275,000 stock options expire three years from the date of grant and 1.3 million stock options expire five years from the date of grant. The RSUs vest immediately and are governed by the terms of the plan. The stock options and RSUs are subject to approval by the Canadian Securities Exchange.

About Esgold Corp.

Esgold is a fully permitted, fully financed, preproduction mining company advancing a scalable clean mining model across North America and South America. The company's flagship Montauban gold-silver project in Quebec is under construction, with production anticipated in 2026. With a dual-track strategy of cash flow today and discovery tomorrow, Esgold is building a platform for clean, sustainable growth and long-term shareholder value.

We seek Safe Harbor.