ESGold Corp. Secures $3.6 Million in Oversubscribed Private Placement for Montauban Project Development

ESGold Corp. has successfully closed an oversubscribed non-brokered private placement, raising $3,649,171 to advance development at its flagship Montauban gold-silver project. The financing was achieved through the issuance of nearly 5 million units, with each unit priced at $0.73 and consisting of one common share plus one warrant exercisable at $0.91 for an 18-month period. This substantial capital infusion represents a significant milestone for the company as it moves toward production at its Quebec-based project.

The private placement attracted participation from both existing shareholders and new strategic investors, reflecting strong market confidence in ESGold Corp.'s operational vision and the mineral potential of the Montauban property. As part of the financing arrangement, the company issued 226,863 finder's warrants and paid $165,610 in finder's fees to intermediaries who facilitated investor participation in the offering. The oversubscribed nature of the placement indicates robust investor appetite for well-positioned mining ventures with clear development pathways.

Proceeds from the financing are specifically allocated to critical project development activities, including mill circuit construction, final mobilization efforts at the Montauban site, and general working capital requirements. These funds will enable the company to accelerate its timeline toward production while maintaining operational flexibility. The strategic deployment of capital toward infrastructure development underscores ESGold Corp.'s methodical approach to bringing the Montauban project online efficiently and responsibly.

The Montauban project, situated approximately 80 kilometers west of Quebec City, represents a cornerstone asset for ESGold Corp. and exemplifies the company's commitment to responsible mining practices. The project combines near-term production objectives with the potential for district-scale discoveries, positioning the company for both immediate operational progress and long-term growth opportunities. This dual-focused approach aligns with ESGold Corp.'s broader commitment to sustainable resource recovery and systematic exploration methodologies that prioritize environmental stewardship alongside economic development.

For additional information regarding the private placement and detailed project specifications, interested parties can access the comprehensive disclosure document available through the company's regulatory filings. The successful completion of this financing round provides ESGold Corp. with the necessary resources to execute its development strategy while maintaining financial stability through the construction and initial production phases at Montauban.