Avidian Gold Closes Non-Brokered Private Placement

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, ON / ACCESS Newswire / May 13, 2026 / Avidian Gold Corp. ("Avidian" or the "Corporation") (TSXV:AVG) announce that it has closed its previously announced non-brokered private placement for gross proceeds of $859,649.96 (the "Offering").

The Offering consisted of the sale of 6,612,692 units of the Corporation (the "Units") at a price of $0.13 per Unit. Each Unit is comprised of one common share of the Corporation (each, a "Share") and one half of one common share purchase warrant of the Corporation (each whole such warrant, a "Warrant"), with each Warrant entitling the holder thereof to purchase an additional Share (a "Warrant Share") at an exercise price of $0.25 per Warrant Share for 36 months from the closing of the Offering.

The Corporation intends to use the proceeds of the Offering for exploration at the Corporation's mineral properties and for general corporate and working capital purposes.

The Offering to the receipt of all necessary regulatory and other approvals including the final approval of the TSX Venture Exchange ("TSXV"). The Corporation paid eligible finders aggregate cash commissions of $10,010 and issued an aggregate of 77,000 non-transferable finders warrants (the "Finders Warrants"). Each Finders Warrant entitling the holder thereof to purchase a Share (a "Finder Warrant Share") at an exercise price of $0.13 per Warrant Share for 24 months from the closing of the Offering. All securities issued and issuable pursuant to the Offering are subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.

Certain directors and officers of the Corporation (the "Insiders") acquired an aggregate of 640,000 Units. The participation of Insiders in the Offering constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Corporation is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating Insiders nor the consideration to be paid by such directors and officers exceeds 25 percent of the Corporation's market capitalization.

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