Boreal Gold Announces Private Placement for $200,000 and Notice of Annual General Meeting

Executive Summary

• Boreal Gold Inc. announced a non‑brokered private placement to raise up to $200,000 through the sale of Flow‑Through Shares and Units with warrants.
• Proceeds will fund general working capital and an extensive 2025‑26 exploration program on the Fay Lake, Melgurd Lake, and North Star properties in Manitoba and Saskatchewan.
• The company scheduled its annual and special shareholders’ meeting for February 6, 2026 (record date January 2, 2026).

Key Details

• Offering Structure
• 500,000 Flow‑Through Shares at $0.30 each → $150,000 gross proceeds.
• 250,000 Units at $0.20 each → $50,000 gross proceeds.
• Each Unit consists of one common share and one warrant to purchase an additional common share at $0.20 for 24 months after closing.
• Regulatory Conditions
• Subject to receipt of all required regulatory approvals.
• All securities will carry a four‑month statutory hold period in Canada.
• Use of Proceeds
• General working capital.
• Ongoing exploration on:
  • Fay Lake Property – 17 claims (2,719 ha), VMS horizons, samples up to 14.33 g/t Au. Planned ground geophysics, mapping, sampling, and drill testing pending financing.
  • Melgurd Lake Property – 11 claims (7,411 ha), EM & magnetic anomalies, garnet‑anthophyllite alteration, gossan zones. Funds for assays, map preparation, and reporting of 2023‑24 work.
  • North Star Group Property – 2,922 ha across three contiguous parcels, recent line cutting/refurbishing of old grids, geological remapping, sampling (12 quartz vein samples pending assay), and planned selective infill & down‑plunge drilling aimed at a NI 43‑101 resource estimate and prefeasibility study.
• Exploration Timeline
• 2025‑26: Airborne target verification, ground geophysics, geological mapping, prospecting, sampling, and drill testing on all three properties.
• Grid refurbishment on North Star to be completed Fall 2025, with remaining work in Spring/Summer 2026.
• Shareholder Meeting
• Annual and special meeting set for February 6, 2026; record date January 2, 2026.
• Qualified Person
• Stephen L. Masson, M.Sc., P.Geo., reviewed and approved the technical disclosure per NI 43‑101 standards.

Notable Quotes

“The proceeds from this financing will enable us to advance a rigorous exploration program across our key Manitoba and Saskatchewan assets, positioning Boreal Gold for potential resource development and future value creation.” – Richard Masson, President & CEO

Materiality Assessment: Material – Positive (the financing provides essential capital for planned exploration that could materially affect the company’s valuation).