Envirogold closes $2.2M first tranche of financing

Mr. David Cam reports ENVIROGOLD CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT AND CONFIRMS STRONG MOMENTUM TOWARD FINAL TRANCHE Envirogold Global Ltd. has closed the first tranche of its previously announced non-brokered private placement. The company issued an aggregate of 24,458,626 units at a price of nine cents per unit for gross proceeds of $2,201,276 under the first tranche. Each unit consisted of one common share of the company and one transferable common share purchase warrant. Each warrant entitles the holder there of to acquire one additional common share of the company at a price of 13 cents for a period of three years from the date of issuance. "This first-tranche closing was strongly supported by strategic investors, underscoring confidence in Envirogold's technology, strategy and execution momentum," said David Cam, chief executive officer of the company. "Closing this first tranche with strong investor support marks an important milestone for Envirogold and represents a clear vote of confidence in our vision. Equally important, this is just the beginning; an additional tranche is already in motion, and we anticipate completing the balance of the offering shortly. We are excited to build on this momentum as we advance our projects and deliver value for our shareholders." Use of proceeds -- driving near-term value Proceeds from the first tranche will be strategically deployed to accelerate Envirogold's technology platform and commercial road map, including: Technology and engineering -- completion of modelling, technical studies and engineering reports; Demonstration plant campaigns -- optimization runs and operational programs to further accelerate the NVRO process to commercialization; Debt reduction and balance sheet strengthening -- targeted repayment of short-term obligations; General working capital -- ensuring operational resilience as the company scales. Continuing financing and next steps This closing represents the first stage of the offering, which remains on track to raise $5-million. The company is actively advancing discussions with additional investors and anticipates completing a subsequent tranche in the near term. The multitranche financing strategy provides flexibility while aligning incoming capital with the company's operational milestones, ensuring Envirogold's near-term growth initiatives are fully financed. All securities issued in connection with the first tranche of the offering are subject to a statutory hold period of four months and one day, expiring on Feb. 2, 2026, in accordance with applicable Canadian securities laws. Finders' fees of $64,164 in cash and 607,933 non-transferable warrants were paid to qualified parties in connection with the closing of the first tranche. The warrants were issued on the same terms as those issued under the offering. Certain directors of the company subscribed for an aggregate of 923,185 units and gross proceeds of $83,086.65 under the first tranche of the offering. Such participation is considered to be a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(b) and 5.7(1)(b), respectively, of MI 61-101, as neither the fair market value of the units to be acquired by the participating directors and officers nor the consideration to be paid by such directors and officers is anticipated to exceed $2.5-million. About Envirogold Global Ltd. Envirogold Global is a technology company enabling the global mining industry to monetize valuable metals from mine waste and tailings and reduce environmental liabilities. Envirogold's proprietary technology is at the leading edge of demand for precious and strategic metals and greater social demand for better environmental outcomes. The company operates on a technology licence fee model with low capex (capital expenditure) requirements and intends to establish itself as a leading global technology company focused on shareholder value and recurring dividends. We seek Safe Harbor.