ESGold Corp. Announces C$2.98 Million Private Placement to Fund Montauban Exploration

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) intends to raise up to C$2,975,000 through a non-brokered private placement of flow-through shares. The company plans to issue as many as 3.5 million flow-through shares priced at C$0.85 each, with Red Cloud Securities acting as finder for the transaction.

All proceeds from the private placement will be allocated to exploration activities at ESGold's Montauban Property in Quebec. The funds are designated specifically for Qualifying Expenditures under federal and provincial tax definitions, which provides tax benefits to investors participating in flow-through share arrangements. This structure allows investors to deduct exploration expenses against their taxable income, creating an attractive investment vehicle for supporting mineral exploration while receiving tax advantages.

The closing of the private placement is expected on or about December 8, 2025, subject to customary corporate and regulatory approvals. All securities issued through this placement will carry a standard four-month-plus-one-day hold period, which is typical for private placements in the Canadian market. This regulatory requirement ensures that the shares cannot be freely traded for a specified period following issuance.

ESGold Corp. describes itself as a fully permitted, preproduction resource company at the forefront of clean mining and exploration innovation. The company has established expertise in Quebec's mining sector and is focused on advancing its projects toward production and feasibility while emphasizing sustainable resource recovery. The Montauban property, located approximately 80 kilometers west of Quebec City, serves as ESGold's flagship project and represents what the company calls a model for responsible mining practices.

The property combines near-term production potential with district-scale discovery opportunities, positioning it as a significant asset in Quebec's mining landscape. Quebec has long been recognized as a mining-friendly jurisdiction with established infrastructure, skilled labor, and supportive regulatory frameworks for mineral exploration and development. The province's mining sector contributes significantly to both the regional and national economies, making investments in Quebec-based mining projects particularly relevant for both local and international investors.

This financing announcement comes through the Rocks & Stocks communications platform, which is part of the Dynamic Brand Portfolio at IBN. The platform specializes in delivering insights into the mining industry and provides various corporate communications services including wire distribution, editorial syndication, press release enhancement, and social media distribution. Additional information about ESGold Corp. is available through the company's newsroom at https://ibn.fm/ESAUF, while details about the Rocks & Stocks platform can be found at https://RocksAndStocks.news.

The private placement represents a strategic move for ESGold to secure necessary capital for advancing its exploration programs without diluting existing shareholders through traditional equity offerings. Flow-through financing has become an increasingly popular mechanism in Canada's mining sector, particularly for junior exploration companies seeking to fund early-stage work while providing tax incentives to investors. This approach aligns with Canada's policy objectives of encouraging mineral exploration and maintaining the country's position as a global leader in mining investment.

For the mining industry, successful exploration financing like this signals continued investor confidence in Quebec's mineral potential despite broader market uncertainties. The focus on clean mining and sustainable practices reflects evolving industry standards and increasing emphasis on environmental, social, and governance considerations in resource development. As global demand for minerals continues to grow across various sectors including technology, renewable energy, and infrastructure, well-funded exploration programs in established mining jurisdictions like Quebec remain crucial for identifying new resources and maintaining supply chains.

The implications of this financing extend beyond ESGold's immediate exploration plans, potentially influencing how other junior mining companies structure their capital raises and how investors evaluate opportunities in the resource sector. The successful completion of this placement could demonstrate continued market appetite for responsibly managed mining projects with clear paths to production and strong environmental stewardship commitments.