Original News Release
Carlin Gold closes $240,000 private placement
Mr. K. Wayne Livingstone reports
CARLIN GOLD COMPLETES PRIVATE PLACEMENT
Carlin Gold Corp. has closed a non-brokered private placement through the issuance of 800,000 units at a price of 30 cents per unit for gross proceeds of $240,000.
Each unit consists of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder, on exercise thereof, to purchase one additional common share of the company at a price of 55 cents per share for a period of 24 months from the date of issuance.
The private placement is subject to all necessary regulatory approvals, including final acceptance from the TSX Venture Exchange. All securities issued in connection with the private placement will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
The proceeds from the private placement are intended to be used for general working capital purposes. No finders' fees were payable in connection with the private placement.
Technical advisers announced
The company is also pleased to announce that Fareed Ahamed, Craig Roberts and Cal Everett have joined Carlin as technical and financial advisers.
About Carlin Gold Corp.
Carlin controls two 100-per-cent-owned gold exploration properties in Nevada: the Cortez Summit property and Willow property, both containing Carlin-style gold targets. Cortez Summit lies about one kilometre northeast of the northern end of Nevada Gold Mines' (NGM) 13.0-million-ounce Goldrush deposit (National Instrument 43-101 technical report, effective Dec. 31, 2021, prepared for Barrick by NGM) and east of Barrick's newly updated Fourmile 7.8-million-ounce resource (see Barrick's Sept. 16, 2025, press release). Cortez Summit is contiguous with Barrick and NGM claims on all sides.
Carlin owns 100 per cent of the 108-claim Ivy copper-gold property in northeastern Nevada.
The Willow property is an early-stage project in Elko county north of the town of Wells, Nev. Willow is located within a potential new gold belt that contains the Long Canyon mine owned by NGM.
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