ESGold Corp. Secures $4.5 Million in Flow-Through Financing for Quebec Exploration

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has completed a non-brokered private placement of 5,300,000 flow-through shares at $0.85 per share, generating gross proceeds of $4,505,000. The capital raised will be directed toward exploration activities at the company's Montauban Property in Quebec. According to the announcement, these funds will qualify as expenditures under applicable federal and provincial tax regulations, with spending required by December 31, 2026, and tax benefits renounced to investors no later than December 31, 2025.

The financing represents a critical step for ESGold as it advances its flagship Montauban Gold-Silver Project, which is currently under construction with production targeted for 2026. The flow-through structure provides investors with tax advantages while enabling the company to accelerate exploration without immediate dilution from traditional equity financing. Red Cloud Securities acted as finder in the transaction, receiving $315,350 in cash fees. All securities issued are subject to a standard four-month-and-one-day hold period ending April 9, 2026.

This funding comes at a pivotal time for ESGold as it implements what the company describes as a scalable clean mining model across North and South America. The Montauban project represents the company's primary focus, with the additional capital expected to support systematic exploration and development activities. Beyond Quebec, ESGold is also advancing a joint venture in Colombia focused on tailings reprocessing and exploration in what the company identifies as one of South America's most prolific gold regions.

The successful financing demonstrates continued investor interest in precious metals exploration despite broader market volatility. Flow-through shares are particularly attractive in the Canadian mining sector as they allow investors to deduct exploration expenses against their taxable income. For ESGold, the $4.5 million injection provides operational runway as it transitions from exploration to pre-production status. The company's dual-track strategy emphasizes both near-term cash flow potential through its Colombian joint venture and longer-term discovery potential through systematic exploration at Montauban.

Additional information about ESGold Corp. is available through the company's online resources at https://esgold.com, which includes past news releases, a 3D model of the Montauban processing plant, and media interviews. The latest updates relating to the company's OTCQB listing (ESAUF) can be found in the corporate newsroom at https://ibn.fm/ESAUF. This financing positions ESGold to continue advancing its clean mining initiatives while building what management describes as a platform for sustainable growth and long-term shareholder value creation.