1911 GOLD ANNOUNCES OUTCOME OF TSX VENTURE EXCHANGE APPEAL

Executive Summary

• The TSX Venture Exchange upheld its decision to deny approval of 1911 Gold’s best‑efforts LIFE offering and private placement announced on September 19, 2025; the offering will not close.
• Despite the denial, management states the company remains well funded after a $13.2 million financing completed in July 2025 and ongoing warrant exercises, allowing continuation of its exploration and development plans.
• The company is advancing underground drilling at the True North mine (second rig already mobilized, third rig expected by year‑end) and maintains confidence in its project portfolio.

Key Details

• Regulatory Decision: TSX‑V upheld its original denial of the “best efforts” LIFE offering and private placement; no further appeal indicated.
• Offering Impact: The proposed financing will not be received; however, existing cash balance and warrant proceeds are deemed sufficient for current plans.
• Recent Financing: $13.2 million raised in July 2025 (details of the transaction were not disclosed in this release).
• Exploration Activity:
• Second drill rig mobilized underground to Level 16 at the True North mine.
• Third drill rig planned for deployment before the end of 2025.
• Future Plans: Continue with bulk‑sample program slated for 2026; use existing funds to expand and accelerate underground exploration and development programs.
• Management Quote (CEO Shaun Heinrichs): “The Company remains well funded… while we are disappointed with this outcome… we continue to make substantial progress on our mine restart strategy and remain confident in the underlying strength of our project portfolio.”

Notable Quotes

“The TSX‑V denial does not impact our ability to complete our current development plans.” – Shaun Heinrichs, President & CEO, 1911 Gold Corporation