ESGold Corp. Announces Closing of Flow-Through Share Private Placement for Gross Proceeds of $4.5 Million

VANCOUVER, BC / ACCESS Newswire / December 9, 2025 / ESGold Corp.("ESGold" or the "Company") (CSE:ESAU)(Frankfurt:Z7D)(OTCQB:ESAUF) announces that further to its news release dated November 27, 2024, the Company has closed its non-brokered private placement (the "Offering") of 5,300,000 flow-through common shares of the Company (the "FT Shares") at a price of $0.85 per FT Share for aggregate gross proceeds of $4,505,000.

The Company intends to use the proceeds from the Offering to fund the exploration of the Company's Montauban Property in Quebec. The gross proceeds from the sale of the FT Shares will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Income Tax Act (Canada) and will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) that will qualify as "flow-through mining expenditures" as defined in section 359.1 of the Taxation Act (Québec) (the "Qualifying Expenditures"), which will be incurred on or before December 31, 2026 and renounced to the purchasers of FT Shares with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares.

Red Cloud Securities Inc. acted as a finder in connection with the Offering. The Company paid an aggregate cash finder's fee of $315,350.

All securities issued in connection with the Offering are subject to a statutory hold period of four months and a day from the date of date of issuance, being April 9, 2026, in accordance with applicable securities legislation.

About ESGold Corp.
ESGold Corp. (CSE:ESAU)(OTCQB:ESAUF)(FSE:Z7D) is a fully permitted, fully funded, pre-production mining company advancing a scalable clean mining model across North and South America. The Company's flagship Montauban Gold-Silver Project in Quebec is under construction with production anticipated in 2026. ESGold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. 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.