ESGold Corp. Expands Montauban District Position with Acquisition of 44 Mineral Claims

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has entered into two definitive agreements to acquire 44 mineral claims covering approximately 2,448 hectares in Québec’s Montauban region, expanding its district-scale land position surrounding the Montauban Gold-Silver Project. The acquisitions, previously outlined in a memorandum of understanding, add prospective ground with historical gold, silver, copper and zinc mineralization and support the company’s strategy of consolidating the broader Montauban mineralized corridor.

The acquisitions provide ESGold with a 100% interest in the claims for total consideration of $70,000 in cash and 600,000 common shares, with no retained royalty. The company said it will incorporate the new claims into its district-scale exploration strategy, combining historical exploration data with geological, geochemical, geophysical and Ambient Noise Tomography datasets to evaluate potential extensions of known mineralized trends and identify additional exploration targets.

This strategic expansion underscores ESGold's commitment to building a significant land package in the Montauban region, which hosts the company's flagship Montauban Gold-Silver Project. The project is fully permitted and funded, with construction underway and production anticipated in 2026. By consolidating adjacent claims, ESGold aims to unlock the full potential of the mineralized system and enhance shareholder value.

The new claims are located in a historically productive area with documented occurrences of precious and base metals. ESGold plans to integrate the acquired data with its existing datasets to refine exploration models and prioritize drilling targets. The company's use of Ambient Noise Tomography, a geophysical technique that provides subsurface imaging, is expected to play a key role in identifying hidden mineralization.

This acquisition is part of ESGold's dual-track strategy of pursuing near-term cash flow from the Montauban project while simultaneously exploring for new discoveries. The company's approach focuses on sustainable growth and clean mining practices, aiming to establish a scalable model across the Americas.

For more details on the acquisition, view the full press release at https://ibn.fm/iAVY5. The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF.