ESGold Corp. Increases Private Placement to $4.5 Million for Quebec Exploration

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has increased the maximum gross proceeds of its planned non-brokered private placement to $4,505,000 following strong investor interest. The company is now offering up to 5.3 million flow-through shares at $0.85 each, with Red Cloud Securities serving as exclusive finder for the offering. This significant increase from the original target demonstrates growing market confidence in ESGold's exploration strategy and the potential of its Quebec-based assets.

The raised capital will be directed toward exploration activities at the company's Montauban Property in Quebec, with all proceeds allocated to Qualifying Expenditures under applicable federal and provincial tax rules. This flow-through structure allows investors to benefit from tax deductions while providing ESGold with essential funding for advancing its exploration programs. The closing of the private placement is expected on or about December 8, 2025, subject to regulatory approvals, with all securities carrying a standard four-month-plus-one-day hold period from the closing date.

The Montauban property, located approximately 80 kilometers west of Quebec City, represents ESGold's flagship project and serves as a model for the company's commitment to responsible mining practices. The property combines near-term production potential with district-scale discovery opportunities, positioning ESGold to capitalize on Quebec's established mining infrastructure and favorable regulatory environment. The increased funding will accelerate exploration efforts at this strategic asset, potentially unlocking additional value for shareholders.

This financing development comes at a critical time for junior mining companies seeking to advance exploration projects amid challenging market conditions. The strong investor response to ESGold's offering suggests renewed interest in precious metals exploration, particularly in established mining jurisdictions like Quebec with clear regulatory frameworks and existing infrastructure. The involvement of Red Cloud Securities as exclusive finder adds credibility to the offering, as the firm specializes in mining and resource sector financings.

The successful increase in placement size indicates that ESGold's strategy of focusing on permitted, pre-production assets in mining-friendly jurisdictions resonates with investors seeking exposure to the resource sector. The company's emphasis on clean mining practices and sustainable resource recovery aligns with evolving investor preferences for environmentally responsible mining operations. As exploration activities progress at Montauban, the additional funding will enable more comprehensive drilling programs and technical studies that could enhance the property's valuation.

For investors, the flow-through structure provides immediate tax benefits while supporting exploration that could lead to resource expansion and future production decisions. The regulatory approval process and standard hold period ensure compliance with securities regulations while allowing the company to deploy capital efficiently. Additional information about ESGold's activities is available through the company's newsroom at https://ibn.fm/ESAUF, while details about the press release distribution platform can be found at https://www.InvestorWire.com.