Mr. Sean Hasson reports

BULGOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO $1.2 MILLION

Bulgold Inc. is undertaking a non-brokered private placement pursuant to which the company intends to issue common shares of the company at a price of five cents per offered share, to raise minimum gross proceeds of $1-million pursuant to the sale of a minimum of 20 million offered shares and maximum gross proceeds of $1.2-million pursuant to the sale of a maximum of 24 million offered shares.

The offered shares will be offered for sale to purchasers (i) resident in all of the provinces of Canada except Quebec pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, and in reliance on Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and (ii) outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under Ontario Securities Commission Rule 72-503 (Rule 72-503). The offered shares sold pursuant to the listed issuer financing exemption and pursuant to 72-503 are expected to be immediately freely tradeable and not subject to a four-month resale hold period in Canada, except for offered shares sold to insiders as may be required by the policies of the TSX Venture Exchange.

The company has agreed to pay a finder's fee to arm's-length parties for services rendered in respect of the offering. The finder's fee will consist of a cash fee equal to 7.0 per cent of the gross proceeds from the sale of offered shares sold to third parties sourced by each finder, and finders' warrants equal in number to 7.0 per cent of the offered shares sold to third parties sourced by such finder. Each finder's warrant will entitle the holder to purchase one common share of the company at an exercise price of seven cents until the date which is 18 months from the closing date (as defined below).

The company intends to use the proceeds raised from the offering for continued exploration and development of its Lutila gold project located in central Slovakia, general corporate purposes, as well as for working capital. The offering is scheduled to close on or about April 20, 2026, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

About Bulgold Inc.

Bulgold is a gold exploration company focused on the exploration and development of mineral exploration projects in Central and Eastern Europe. The company controls 100 per cent of three quality quartz-adularia epithermal gold projects located in the Bulgarian and Slovak portions of the Western tethyan belt: the Lutila gold project, the Kostilkovo gold project and the Kutel gold project. Management of the company believes that its assets show potential for high-grade, good metallurgy, low-sulphidation epithermal gold mineralization.

On Feb. 28, 2026, Bulgold's issued and outstanding shares were 49,132,335 of which approximately 28.3 per cent were held by founders, directors and management.

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