Relevant Gold Completes Strategic Financing; Embarks on Largest Drilling Program in Company History

Executive Summary

• Relevant Gold Corp. has closed the second tranche of its non-brokered private placement, resulting in total aggregate gross proceeds of $12,056,718 across both tranches.
• Strategic investors Kinross Gold Corporation and Mr. William G. Bollinger participated in Tranche 2, with each maintaining an ownership position of approximately 19.9% of the company.
• The capital will be used to fund the largest drill program in the company's history, targeting high-priority targets at the Apex and Lewiston projects in Wyoming.

Key Details

• Tranche 2 Specifics: 13,814,886 common shares issued at a price of $0.50 per share for gross proceeds of $6,907,443.
• Total Offering Aggregate: 24,113,436 common shares for total gross proceeds of $12,056,718.
• Kinross Gold Corporation Investment: Purchased 5,527,152 common shares in Tranche 2.
• Mr. William G. Bollinger Investment: Purchased 6,822,174 common shares in Tranche 2.
• Ownership Stakes: Both Kinross and Mr. Bollinger hold approximately 19.9% of the issued and outstanding common shares following the closing.
• Use of Proceeds: Exploration across district-scale gold projects in Wyoming (specifically drilling at Apex and Lewiston projects) and general working capital.
• Resale Restrictions: Securities from Tranche 2 are subject to a four-month Canadian restricted resale period expiring August 14, 2026.
• Regulatory Status: The transaction is classified as a "related party transaction" under MI 61-101 but is exempt from formal valuation and minority shareholder approval because the consideration does not exceed 25% of the company's market capitalization.
• Exchange Approval: The offering remains subject to final acceptance by the TSX Venture Exchange.

Notable Quotes

• Rob Bergmann, CEO: "With the largest financing in the Company's history, we are positioned to execute our largest-ever drill program and aggressively test the highest-priority targets across the portfolio."