ESGold Corp Strengthens Board and Advances Montauban Project Construction

ESGold Corp., a pre-production gold and silver company, has made strategic moves to advance its Montauban Project in Quebec, announcing the appointment of a new board member and providing an update on site construction. The company issued 500,000 restricted share units (RSUs) to Peter Espig, a new board member with extensive experience in project finance and transitioning junior mining companies to producers. This appointment underscores ESGold's commitment to strengthening its leadership and technical expertise as it progresses toward production goals.

Construction at the Montauban processing site continues to progress on schedule, with a significant milestone approaching. The company expects the delivery of Humphrey Spirals next week, which are critical components of the gravity recovery circuit. These spirals will play a key role in the mineral extraction process, representing a crucial step in the development of the project's infrastructure. The timely delivery and installation of this equipment is essential for maintaining the project timeline and achieving operational efficiency.

ESGold remains focused on its target of achieving production by the end of 2025. The Montauban property, located 80 kilometers west of Quebec City, represents a strategic asset for the company, combining near-term production potential with broader district-scale exploration opportunities. The project exemplifies the company's approach to responsible mining practices, emphasizing sustainable resource recovery and exploration. By integrating innovative technologies and strategic planning, ESGold is positioning itself to contribute to the evolving landscape of clean mining and exploration while maximizing the potential of its Quebec-based assets.

The appointment of Espig brings valuable expertise in project finance and corporate development, particularly relevant as ESGold transitions from exploration to production phase. His experience with junior mining companies moving into production stages provides critical insight for navigating the financial and operational challenges ahead. The restricted share units issued to Espig align his interests with long-term company performance and shareholder value creation. This strategic board enhancement comes at a pivotal time as construction activities intensify and the company prepares for the next phases of development at Montauban.

The progress at Montauban demonstrates ESGold's systematic approach to project development and its commitment to establishing a sustainable mining operation. The company's focus on integrating advanced recovery technologies like the Humphrey Spirals into its processing circuit reflects industry best practices for efficient mineral extraction. As construction milestones are achieved and key equipment is installed, ESGold moves closer to realizing the production potential of its Quebec assets while maintaining its emphasis on responsible mining principles and environmental stewardship.