O2Gold Provides Update on Quebec Aur Transaction

Executive Summary

• O2Gold Inc. provides an update on its pending acquisition of Quebec Aur Ltd., confirming the deal remains on track for a closing in early March 2026.
• The TSX Venture Exchange has granted O2Gold an extension to close its non‑brokered private placement financing (18 M units & 16 M flow‑through common shares) until March 7, 2026.
• Both the acquisition and the financing are now expected to be completed concurrently in early March 2026, subject to customary conditions.

Key Details

• The acquisition involves purchasing all issued and outstanding shares of Quebec Aur Ltd. under a share‑exchange agreement dated April 15 2024 (amended November 14 2024).
• O2Gold previously announced the private placement financing for aggregate gross proceeds of $1.7 million; the extension provides additional time to satisfy closing conditions.
• The company continues to work on remaining legal formalities required for the acquisition.
• Prior disclosures related to this transaction can be found in press releases dated April 15, 2024; April 23, 2024; April 24, 2024; May 30, 2024; August 23, 2024; as well as the management information circular mailed to shareholders of record as of August 26, 2024.
• Additional details on the financing were previously released in press releases dated April 8, 2025 and August 7, 2025.
• All referenced documents are available on O2Gold’s SEDAR+ profile (www.sedarplus.ca).

Notable Quotes

• “We remain focused on completing both the acquisition of Quebec Aur Ltd. and our financing arrangement in early March, positioning O2Gold for continued growth in Quebec,” – Scott Moore, Chief Executive Officer.