O2gold to close property buy, financing in February

Executive Summary

• O2gold Inc. has received a TSX Venture Exchange extension to close its previously announced non-brokered private placement financing, pushing the deadline to February 7, 2026.
• The acquisition of Quebec Aur Ltd. and the associated private placement financing are both expected to close in early February 2026, subject to the satisfaction or waiver of certain conditions.
• The company continues to work on completing the remaining legal formalities for the acquisition of the gold mining exploration property in Quebec.

Key Details

• Financing Extension: The company received an extension from the TSX Venture Exchange to close its non-brokered private placement financing.
• Financing Structure: The offering consists of 18 million units and 16 million flow-through common shares.
• Gross Proceeds: The aggregate gross proceeds to the company are $1.7 million.
• Closing Deadline: The company has until February 7, 2026, to close the offering.
• M&A Status: The acquisition of Quebec Aur Ltd. is pending completion of remaining legal formalities.
• Expected Closing: Both the acquisition and the offering are expected to close in early February 2026, subject to conditions.
• Transaction History: The acquisition was originally announced via a share exchange agreement dated April 15, 2024, as amended on November 14, 2024.
• Related Disclosures: Additional information is available in press releases dated April 15, 2024, April 23, 2024, April 24, 2024, May 30, 2024, August 23, 2024, April 8, 2025, and August 7, 2025, as well as the management information circular mailed to shareholders of record as of August 26, 2024.