Avidian Gold Closes Non-Brokered Private Placement

Financing Closure Details

• Avidian Gold Corp. closed a previously announced non-brokered private placement on May 13, 2026.
• Gross proceeds raised were $859,649.96, exceeding the base target of $750,000 announced in March 2026 but slightly below the fully upsized potential of ~$937,500.
• The offering consisted of 6,612,692 units sold at $0.13 per unit.
• Each unit includes one common share and one-half of a warrant (warrant exercise price $0.25, term 36 months).
• Insider participation included Directors and Officers acquiring an aggregate of 640,000 units.

Use of Proceeds

• Funds are designated for exploration at the Corporation's mineral properties.
• Remaining proceeds allocated to general corporate and working capital purposes.
• Finders fees paid were $10,010 in cash plus 77,000 non-transferable finders warrants ($0.13 exercise price).

Regulatory Compliance

• Securities issued subject to a four-month and one-day hold period under Canadian securities laws.
• Transaction qualifies for exemptions under MI 61-101 as consideration does not exceed 25% of market capitalization.

Execution vs Expectations

• The closing of the financing confirms management's ability to execute capital raises, which is critical for a pre-revenue exploration company.
• Proceeds exceeded the base target ($859k vs $750k), indicating sufficient investor demand despite market conditions.
• Insider participation (640,000 units) signals confidence from management in the project's near-term potential and validates the share price at the offering level.

Dilution Analysis

• The issuance of 6.6 million new shares represents significant dilution to existing shareholders given the ~12.4 million issued shares outstanding prior to this transaction.
• Warrant overhang increases significantly with 3.3 million new warrants added ($0.25 strike), creating potential future selling pressure if exercised or sold.
• The financing price of $0.13 is slightly below the current market close of $0.14, suggesting the offering was priced competitively to ensure closure.

Liquidity Impact

• Combined with the earlier disposal of High Tide Resources shares ($280k), the company has secured approximately $1.14M in cash over the last 6 months.
• This capital injection extends the runway for exploration activities at the Jungo Project but does not alter the fundamental risk profile regarding mineralization success.

Corporate Strategy

• Avidian Gold Corp. focuses on North American mining-friendly jurisdictions, specifically targeting transformational exploration opportunities.
• The company operates as a drill-ready explorer with no current production guidance or reserves disclosed.

Jungo Property

• Location: Nevada, USA (Humboldt County, Jackson Mountains Terrane).
• Size: 3.5 km² area.
• Status: Drill-ready and bonded; not currently producing.
• Target: Major intrusive gold-copper system ("game changer" claim in presentation).
• Historical Data: Trench results up to 37 g/t Au and 7% Cu reported. Historic drill intercepts include 4.27 m @ 1.67 g/t Au, 57.7 g/t Ag, 2.72% Cu.
• Geology: Intrusion-related Au-Cu mineralization over >2 km strike length controlled by NNE structures.

Management Team

• CEO/President: Steve Roebuck (BSc, PGeo).
• Chairman: Dino Titaro (MSc, PGeo).
• CFO: Donna R. McLean (BA).
• Technical Advisors: Includes David Anderson (second-largest shareholder), Dr. Tom Setterfield, and Alexander Davidson.