Ms. Breanne Beh reports

ANGUS GOLD ANNOUNCES CANCELLATION OF UNDERLYING ROYALTY ON THE GOLDEN SKY PROJECT

Angus Gold Inc. has cancelled a 2-per-cent net smelter return royalty (NSR), pursuant to a buyback purchase from Iamgold Corp.

The NSR was applicable to the Mishi property, located in Wawa, Ont., which was acquired under an option with Iamgold and is 100 per cent owned by Angus. The royalty covered approximately one-third of the Golden Sky project land package, including the banded iron formation (BIF) gold zone and the Eagle River splay exploration area. The company has drilled approximately 12,000 metres to date at the BIF gold zone, and the Eagle River splay area is a high-priority exploration target. The purchase price for the NSR was a cash payment of $750,000 (U.S.).

About Angus Gold Inc.

Angus Gold is a Canadian mineral exploration company focused on the acquisition, exploration and development of highly prospective gold properties. The company's flagship project is the Golden Sky project in Wawa, Ont. The project is immediately adjacent to the Eagle River mine of Wesdome Gold Mines Ltd.

Wesdome and Angus have entered into a definitive arrangement agreement, whereby Wesdome will acquire all of the issued and outstanding common shares of Angus pursuant to a plan of arrangement. For further information, see the press release of the company dated April 7, 2025.

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