Alma Gold Upsizes Previously Announced Private Placement and Closes First Tranche

Executive Summary

• Alma Gold increased its non‑brokered private placement from 15 M to 18,437,500 Units, raising total gross proceeds to $1.475 million.
• The first tranche closed with $775,000 raised through the issuance of 9,687,500 Units at $0.08 per Unit.
• Proceeds will be used for general working capital and evaluation of strategic initiatives; an insider participated in the first tranche (1,250,000 Units).

Key Details

• Private Placement Size: Expanded to 18,437,500 Units (previously 15,000,000).
• Total Gross Proceeds: $1,475,000 (up from $1,200,000).
• First Tranche Closing: 9,687,500 Units issued; gross proceeds of $775,000.
• Unit Pricing: $0.08 per Unit.
• Unit Composition: Each Unit = 1 common share + 1 transferable common share purchase warrant.
• Warrant Terms: Right to acquire one additional share at $0.15 for five years from issuance date.
• Statutory Hold Period: Four months and one day on all securities issued.
• Insider Participation: One insider subscribed for 1,250,000 Units in the first tranche (related‑party transaction under MI 61‑101).
• Use of Proceeds: General working capital and evaluation of potential strategic initiatives.
• No Finder’s Fees: None payable in connection with the placement.

Notable Quotes

“The strong investor demand underscores confidence in Alma Gold’s exploration portfolio and our strategic direction.” – Gregory Isenor, President & CEO

---

All forward‑looking statements are subject to risks and uncertainties detailed in the release.