Disseminated on behalf of  ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) and may include paid advertising.

• ESGold Corp., an exploration-stage company committed to the acquisition, exploration, and development of high-quality mineral properties worldwide, has announced its intention to proceed with a non-brokered private placement of up to 5.3 million flow-through common shares of the company at a price of 85 cents per FT share, for C$4.5 million
• Due to strong investor demand, the offering was increased to C$4.5 million from the C$2.9 million previously announced
• ESGold looks to channel these proceeds to the exploration of its Montauban Property in Quebec, marking a significant step for the company as it looks to unlock the property’s full gold potential

ESGold (CSE: ESAU) (OTCQB: ESAUF), an exploration-stage company committed to acquiring, exploring, and developing high-quality mineral properties worldwide, just announced its intention to proceed with a non-brokered private placement of up to 5.3 million flow-through common shares of the company. The initiative will raise up to C$4.5 million, with each share selling at $0.85. Red Cloud Securities Inc. will serve as a finder in connection with this offering (https://ibn.fm/3KZWH).

ESGold plans to channel proceeds from the offering into exploration of its Montauban Property in Quebec. The company recognizes the opportunity and the value that the property holds, hence its focus on further exploring it and bringing it even closer to monetization. Just last month, the company marked a significant milestone with the partial completion and interpretation of a comprehensive three-dimensional geological model of the property. Results from this undertaking demonstrated that the property is not just a reclamation or redevelopment story, but rather the nucleus of a potentially much larger gold, silver, and base-metal district (https://ibn.fm/3Dywr).

“What was once seen as a series of small, isolated deposits now seems to emerge as a continuous multilayered mineral system with dimensions not previously recognized at Montauban,” noted ESGold’s CEO and Director, Gordon Robb (https://ibn.fm/3Dywr).

Further exploration of the property will reveal the extent of the deposits. It will also paint a more detailed picture of the property’s actual value and what lies beneath, even as it seeks to create shareholder value.

Proceeds from the offering will be used for Canadian exploration expenses as defined in paragraph (f) of the definition of “Canadian exploration expense.” The offering is set to close on or about December 8, 2025, subject to various conditions, including, but not limited to, receipt of all necessary corporate and regulatory approvals, such as the Canadian Securities Exchange (https://ibn.fm/3KZWH).

So far, ESGold’s near-term cash flow from tailings reprocessing has demonstrated the company’s ability to finance exploration internally. This has been shown to minimize dilution while maximizing discovery leverage. However, the offering offers a faster way to unlock Montauban’s true potential, bringing the company closer to establishing its position as a leader in its space. 

With an investment of C$15 million in infrastructure, including power access, roads, and a 20,000 sq. ft. processing facility, ESGold is seen as demonstrating its confidence in the facility as well as highlighting its economic potential. 

For company information, visit the company’s website at www.ESGold.com.

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