SRANAN GOLD Closes Oversubscribed $3.6 Million Private Placement

Financing Close and Capital Raise

• Event: Closed non-brokered private placement raising aggregate gross proceeds of $3,589,074.85.
• Price: Units priced at $0.15 each (23,927,165 units issued).
• Oversubscription: The offering was oversubscribed compared to the April 2026 announcement of up to $3 million.
• Insider Participation: Director Ron Shenton purchased 268,000 units ($40,200 value), signaling some management confidence at current levels.
• Warrants Issued: Each unit includes one-half warrant exercisable at $0.275 for 48 months; finder warrants issued at $0.15 strike price.

Positive Factors

• Liquidity Security: The oversubscribed raise provides sufficient capital to fund a significant 12,500-metre drilling campaign without immediate need for further dilution in the short term.
• Insider Confidence: Director Ron Shenton's participation (268,000 units) is a positive signal of management belief in the project value at current prices.
• Project Expansion: Funding allows for testing the Lawatino acquisition and extending the Poeketi Shear Zone (PSZ), which has shown continuity over 4.5 km.

Corporate Structure

• Entity: Sranan Gold Corp.
• Exchange: CSE (Canadian Securities Exchange).
• Focus: Gold exploration in Suriname, specifically the Central Guiana Shear Zone.