ESGold Corp. Secures C$3.45 Million in Private Placement to Advance Montauban Gold-Silver Project

ESGold Corp. has completed a non-brokered private placement, raising gross proceeds of C$3,453,940.38 through the issuance of over 16 million common shares and warrants. The financing will support critical development activities at the company's Montauban Gold-Silver Project located in Quebec. This substantial capital infusion represents a significant milestone for the company's Quebec operations and demonstrates strong market confidence in ESGold's development strategy.

The private placement notably included significant management and insider participation, totaling 1.25 million units. This substantial internal investment signals strong confidence in the company's strategic approach to achieving near-term production and long-term exploration success. The insider participation level is particularly noteworthy as it indicates that those most familiar with the company's operations and prospects are willing to commit personal capital to the project's advancement.

The Montauban property, situated 80 kilometers west of Quebec City, represents a key asset for ESGold. The fully permitted project is positioned to serve as a model for responsible mining practices, with a focus on combining immediate production potential with extensive district-scale exploration opportunities. The project's location in Quebec provides access to established mining infrastructure and a supportive regulatory environment for resource development.

Funds from the financing will be specifically directed toward mill circuit construction and final mobilization efforts. This targeted investment underscores ESGold's commitment to advancing its project efficiently and strategically. The allocation of funds to mill construction represents a critical step toward bringing the Montauban project into production phase, potentially creating economic benefits for the region while advancing the company's operational objectives.

The successful financing demonstrates ESGold's ability to secure capital in support of its mining and exploration initiatives, positioning the company to make meaningful progress in its Quebec-based operations. This financial achievement comes at a crucial time for the company as it moves from exploration and development phases toward potential production, highlighting the importance of adequate funding for successful project execution in the mining sector.