1911 GOLD PROVIDES UPDATE ON "BEST EFFORTS" LIFE OFFERING AND PRIVATE PLACEMENT

Executive Summary

• The TSX Venture Exchange denied regulatory approval for the C$17.0 million best‑efforts LIFE offering and private placement announced on September 19, 2025.
• As a result, the offering will not close as previously expected around October 15, 2025 and may not close at all; the company is filing an appeal.
• The denial follows the TSXV’s view that the material‑information exception applies due to the company’s October 7 assay results announcement, which 1911 Gold disputes as non‑material.

Key Details

• Offering: C$17.0 million best‑efforts “LIFE” offering and private placement (combined).
• Regulatory Decision: TSX Venture Exchange denied approval; closing on or about October 15, 2025 will not occur.
• Appeal: 1911 Gold is pursuing a formal appeal under TSXV rules; further announcement pending determination of the appeal.
• Material‑Information Exception Claim: TSXV believes the company’s October 7 assay results announcement triggers the exception; 1911 Gold contends the assay results are not a material change and therefore the exception should not apply.
• Previous Financing: Company previously closed a $13.2 million “bought‑deal” financing (July 2025) of flow‑through and non‑flow‑through common shares, plus warrant exercises; remains well‑capitalized for current objectives.
• Use of Proceeds (Intended): Expand and accelerate underground exploration and development at the True North project.
• Future Funding: Company will evaluate alternative financing opportunities if the appeal is unsuccessful.
• Regulatory Disclaimer: Securities offered have not been, and will not be, registered in the United States; no offer or solicitation is made where unlawful.

Notable Quotes

“We have held several discussions with the TSXV regarding regulatory approval for the Offering, and we intend to strenuously pursue the Appeal,” – Shaun Heinrichs, President & CEO.
“While we remain encouraged by the assay results… our current performance reflects renewed investor interest in the Company’s restart strategy…” – Shaun Heinrichs.