ESGold Corp. Secures C$3.45 Million in Private Placement to Advance Quebec Gold-Silver Project

ESGold Corp. has completed a non-brokered private placement, raising gross proceeds of C$3,453,940.38 through the issuance of over 16 million common shares and warrants. This substantial financing represents a critical milestone for the company's development strategy and demonstrates strong market confidence in its Quebec-based mining operations. The successful capital raise positions ESGold to accelerate progress at its flagship Montauban property while maintaining financial stability during a crucial development phase.

The private placement notably included significant management and insider participation, totaling 1.25 million units. This substantial internal investment from company leadership signals strong confidence in ESGold's strategic approach to achieving near-term production and long-term exploration success. Insider participation at this scale typically indicates management's belief in the project's viability and potential returns, serving as a positive indicator for external investors and stakeholders monitoring the company's progress.

The Montauban property, situated 80 kilometers west of Quebec City, represents a key asset for ESGold's growth strategy. The fully permitted project is positioned to serve as a model for responsible mining practices, with a focus on combining immediate production potential with extensive district-scale exploration opportunities. This dual approach allows the company to pursue both short-term revenue generation and long-term resource expansion within the same operational framework.

Funds from the financing will be specifically directed toward mill circuit construction and final mobilization efforts at the Montauban site. This targeted investment underscores ESGold's commitment to advancing its project efficiently and strategically, focusing resources on critical path activities that will enable production commencement. The capital allocation reflects careful planning to maximize the impact of each dollar invested while minimizing development timeline risks.

The successful financing demonstrates ESGold's ability to secure capital in support of its mining and exploration initiatives despite challenging market conditions. This achievement positions the company to make meaningful progress in its Quebec-based operations while maintaining financial flexibility for future development phases. The funding provides ESGold with the necessary resources to advance toward production while continuing exploration work that could significantly expand the project's resource base and long-term value.