O2Gold Provides Update on Quebec Aur Transaction

Executive Summary

• O2Gold Inc. provided an update on its pending acquisition of Quebec Aur Ltd., confirming the deal remains on track for a closing on or before December 7, 2025.
• The TSX Venture Exchange granted an extension to close the previously announced non‑brokered private placement financing (18 million units and 16 million flow‑through common shares) with a new deadline of December 7, 2025.
• Both the acquisition and the financing are now expected to be completed concurrently, subject to satisfaction or waiver of remaining conditions.

Key Details

• The acquisition involves O2Gold purchasing all issued and outstanding shares of Quebec Aur Ltd. under a share‑exchange agreement dated April 15, 2024 (amended November 14, 2024).
• Extension from the TSX Venture Exchange moves the closing deadline for the private placement financing to December 7, 2025.
• The financing consists of 18 million units and 16 million flow‑through common shares, targeting aggregate gross proceeds of $1.7 million.
• Closing of both the acquisition and the financing is now expected on or prior to the new deadline, contingent upon satisfaction/waiver of certain conditions.
• The Company references earlier press releases (April 15, 2024; April 23, 2024; April 24, 2024; May 30, 2024; August 23, 2024) and its management information circular mailed to shareholders of record as of August 26, 2024 for full transaction details.
• Additional information on the financing is available in press releases dated April 8, 2025 and August 7, 2025.

Notable Quotes

“The parties continue to work diligently to complete the remaining legal formalities…expected to close on or prior to December 7, 2025,” – Scott Moore, Chief Executive Officer, O2Gold Inc.