ESGold Corp. Secures $3.65 Million in Oversubscribed Private Placement for Montauban Project Development

ESGold Corp. has announced the successful closure of an oversubscribed non-brokered private placement, raising $3,649,171 in funding for its mining operations. 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 a warrant exercisable at $0.91 for an 18-month period. This substantial capital infusion represents significant investor support for the company's strategic initiatives and development plans.

The proceeds from this private placement are specifically allocated toward critical operational milestones, including mill circuit construction, final mobilization activities at the Montauban gold-silver project, and general working capital requirements. The Montauban project serves as ESGold Corp.'s flagship property, strategically positioned approximately 80 kilometers west of Quebec City. This location offers significant logistical advantages while operating within a well-established mining jurisdiction known for its supportive regulatory environment and mining infrastructure.

Investor participation in the private placement included both existing shareholders and new strategic investors, highlighting broad market confidence in ESGold Corp.'s corporate vision and the technical potential of the Montauban project. The oversubscribed nature of the financing indicates strong market demand exceeding the company's initial fundraising targets. As part of the financing arrangement, the company issued 226,863 finder's warrants and paid $165,610 in finder's fees to financial intermediaries who facilitated investor participation in the private placement.

The Montauban project represents a comprehensive mining model that combines near-term production objectives with the potential for district-scale discoveries. This dual-focused approach allows for immediate operational progress while maintaining exploration upside across the property's extensive land package. The project embodies ESGold Corp.'s commitment to responsible mining practices, sustainable resource recovery, and environmentally conscious exploration methodologies. For additional information about the private placement details and project specifications, interested parties can review the comprehensive disclosure available at https://www.esgoldcorp.com/investors/news-releases.

This successful financing positions ESGold Corp. to accelerate development timelines and advance key operational components at Montauban. The capital structure established through this private placement provides financial flexibility while minimizing dilution through the strategic use of warrants. The company's ability to secure this level of funding during current market conditions reflects the technical merit of the Montauban project and investor confidence in management's execution capabilities. The project's development strategy emphasizes phased implementation, allowing for systematic progress while maintaining financial discipline and operational efficiency throughout the development cycle.