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

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 ESGold's operational approach. The successful capital raise positions the company to accelerate development activities at its flagship Montauban Gold-Silver Project located in Quebec, marking an important step toward achieving production objectives.

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. Management participation at this level is particularly significant as it aligns executive interests with shareholder value creation and demonstrates commitment to the company's growth trajectory. The financing structure, combining common shares with warrants, provides additional flexibility for future capital requirements while minimizing immediate dilution.

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. Funds from the financing will be specifically directed toward mill circuit construction and final mobilization efforts, targeting critical infrastructure development that will enable operational advancement. This targeted investment approach underscores ESGold's commitment to advancing its project efficiently and strategically while maintaining fiscal discipline.

The successful financing demonstrates ESGold's ability to secure capital in challenging market conditions, positioning the company to make meaningful progress in its Quebec-based operations. The Montauban project's location in a established mining jurisdiction provides additional stability and regulatory certainty for development activities. The capital infusion comes at a crucial time for the company's development timeline, enabling accelerated progress toward production while maintaining exploration momentum across the property's broader potential. This financing achievement strengthens ESGold's position within the Quebec mining sector and supports continued advancement of the Montauban Gold-Silver Project through targeted development phases.