ESGold Corp. Secures C$3.45 Million Financing for Quebec Gold-Silver Project Development

ESGold Corp. has successfully 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 achievement represents a critical milestone for the company's development strategy and provides essential capital to advance its mining operations in Quebec. The successful capital raise demonstrates ESGold's ability to secure funding in a competitive market environment, positioning the company for meaningful progress in its mineral development initiatives.

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 targets and long-term exploration success. The management participation serves as a powerful indicator of the company's commitment to its development timeline and operational objectives, providing additional credibility to investors and stakeholders following the company's progress.

The financing will support critical development activities at the company's Montauban Gold-Silver Project located in Quebec. The Montauban property, situated 80 kilometers west of Quebec City, represents a key asset for ESGold's growth strategy and operational expansion. 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 that could significantly enhance the property's long-term value.

Funds from the financing will be specifically directed toward mill circuit construction and final mobilization efforts at the Montauban site. This targeted investment approach underscores ESGold's commitment to advancing its project efficiently and strategically, focusing resources on the most critical path elements for achieving production readiness. The allocation of capital to these specific development areas reflects the company's methodical approach to project advancement and operational preparedness.

The successful financing demonstrates ESGold's ability to secure capital in support of its mining and exploration initiatives during a period when many junior mining companies face challenges in accessing development funding. This achievement positions the company to make meaningful progress in its Quebec-based operations and represents an important step toward realizing the full potential of the Montauban Gold-Silver Project. The funding provides ESGold with the financial flexibility to execute its development timeline while maintaining operational momentum.