Taurus increases private placement to $7.5-million

Mr. Robert Sim reports TAURUS GOLD CORP. UPDATE TO UNIT PRIVATE PLACEMENT Taurus Gold Corp. has provided an update to the previously announced non-brokered private placement. The non-brokered private placement is increased to an aggregate of up to 150 million units at a price of five cents per unit for gross proceeds of up to $7.5-million. Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price of 6.4 cents for a period of 36 months from the date of issuance. It is not anticipated that any new control persons will be created as a result of the financing. In connection with the financing, the company may pay a finder's fee to certain qualified arm's-length parties: a cash finder's fee equal to 8 per cent of the gross proceeds raised and a number of finder's warrants equal to 8 per cent of the number of units placed by such finder. Each finder's warrant will entitle the holder thereof to subscribe for one consolidated common share at a price of 6.4 cents for a period of 36 months following the issue date. The company will be required to obtain shareholder approval prior to closing in accordance with the policies of the Canadian Securities Exchange. The company intends to obtain such approval by way of written consent of the majority of the outstanding share capital of the company. The net proceeds from the financing are expected to be used to: maintain the company's Charlotte gold property in good standing, advance strategic business development initiatives of the company and provide general working capital. The financing is subject to approval by the Canadian Securities Exchange and the filing of all required documentation. The company anticipates closing the financing in one or more tranches following receipt of necessary approvals. All securities issued in connection with the financing will be subject to a hold period of four months and one day from the closing date in accordance with applicable Canadian securities laws. The company intends to close the financing on or before Oct. 20, 2025. About Taurus Gold Corp. Taurus Gold is a growth-oriented mineral exploration company with a 51-per-cent interest in the Charlotte gold-silver property in Yukon. The Charlotte property covers approximately 23 square kilometres and is road accessible within the established Dawson Range mining district. The company's focus remains on advancing this flagship property through systematic exploration and development. We seek Safe Harbor.