Boreal Gold arranges $150,000 private placement

Executive Summary

• Boreal Gold Inc. announced a non‑brokered private placement of up to 500,000 flow‑through shares at C$0.30 per share, targeting gross proceeds of C$150,000.
• All proceeds are earmarked for advancing exploration on the Fay Lake, Melgurd Lake and North Star gold properties, including grid refurbishment, ground geophysics, assay work and preparation for 2026 drilling programs.
• The offering is subject to regulatory approvals and a four‑month statutory hold period; the financing supports multiple near‑term drill target development plans across three key project areas.

Key Details

• Offering Structure: Non‑brokered private placement of 500,000 flow‑through shares at C$0.30 each → total potential proceeds of C$150,000.
• Conditions: Subject to receipt of all required regulatory approvals; securities will be placed under a four‑month statutory hold period in Canada.
• Use of Proceeds – North Star Property:
• Refurbish and recut historic grid lines (46 N to 59 N, baseline 46 E to tie line 59 E).
• Geological remapping, detailed sampling, and preparation for selective infill & down‑plunge drilling aimed at a NI 43‑101 resource estimate and prefeasibility study.
• Use of Proceeds – Fay Lake Property:
• Ground geophysical surveys over western Redwin Lake grid, Fay Lake grid (previously unsurveyed) and northeastern Sunrise grid to extend known conductors.
• Assays, mapping and reporting for 2025 summer exploration, including follow‑up on gold mineralization trends with historic intercepts up to 14.33 g/t Au.
• Additional assay work on Koscielny Lake prospect (samples up to 11.81 g/t Au, 0.38 oz/ton over 1 m).
• Use of Proceeds – Melgurd Lake Property:
• Assay analysis and preparation of maps/reports from 2025 summer mapping of the Keep Lake grid.
• Exploration Timeline:
• Targeted drilling on North Star, Fay Lake and Melgurd Lake properties planned for 2026, contingent upon successful financing.
• Qualified Person: Stephen L. Masson, MSc, PGeo – consulting geologist and NI 43‑101 qualified person has reviewed and approved the technical disclosure.

Notable Quotes

(No direct quotes were provided in the release.)