Boreal Gold Secures $200,000 in Private Placement Financing

Boreal Gold Inc. has announced a plan to raise up to $200,000 through a non-brokered private placement financing. This offering will consist of 500,000 Flow-Through Shares priced at $0.30 each and 250,000 Units priced at $0.20 each, aiming to support ongoing exploration efforts in the company’s mineral properties located in Manitoba and Saskatchewan.

The private placement, which represents an aggregate total of $200,000, will involve the issuance of Flow-Through Shares yielding $150,000 and Units generating $50,000. Each Unit will include one common share and a warrant, allowing the holder to purchase an additional common share at $0.20 for a period of 24 months following the closing date. The offering is contingent upon receiving necessary regulatory approvals, with all issued securities subject to a four-month statutory hold period in Canada.

Exploration Plans and Property Details

The funds raised will be allocated towards general working capital and further exploration of Boreal Gold’s key properties, including the North Star, Fay Lake, and Melgurd Lake sites. The Fay Lake Property, covering 2,719 hectares, is strategically located 25 km northeast of Flin Flon, Manitoba. It is adjacent to Hudbay Minerals’ Vamp Lake Cu-Zn-Au VMS property and the former Puffy Lake Gold mine. The property features approximately 5 km of mapped VMS horizons similar to those at Vamp Lake and has shown promising mineralization with samples returning values of up to 14.33 g/t Au.

The Melgurd Lake property consists of 11 mineral claims totaling 7,411 hectares and is situated northwest of Flin Flon, adjacent to the Shotts Lake copper-zinc VMS deposit in Saskatchewan. Recent airborne magnetic and EM surveys have indicated substantial exploration potential, with evidence of significant garnet and anthophyllite alteration in the area.

The North Star Group property spans 2,922 hectares across 21 contiguous claims and two mining leases, located 50 kilometers west of Snow Lake, Manitoba. This property includes the North Star Gold Property, Gold Rock Mining Lease, and Sewell Lake Critical Metals Property, all situated within the same geological framework as notable deposits in the region.

Future Exploration and Development Goals

Boreal Gold has laid out an ambitious exploration program for 2025-2026, focusing on the Fay Lake, North Star, and Melgurd Lake properties. The program aims to develop targets identified through previous airborne surveys, ground geophysics, geological mapping, and sampling conducted from 2023 to 2025. Drilling campaigns are planned, contingent on fundraising success, to test these verified targets.

In addition, Boreal Gold intends to refurbish old grids and conduct geological remapping and sampling to enhance the exploration quality on their properties. A significant aspect of the funding will also support ground geophysical surveys over previously unexamined areas of the Fay Lake grid, targeting extensions of known mineralized trends.

The upcoming Annual and Special Meeting of Shareholders is scheduled for February 6, 2026, with a record date of January 2, 2026. During this meeting, stakeholders will discuss the company’s strategic direction and progress on its exploration initiatives.

Stephen L. Masson, M.Sc., P.Geo., serves as the Qualified Person overseeing the technical disclosures related to Boreal Gold’s properties. He has reviewed and approved the information contained in this announcement.

Boreal Gold Inc. is a junior mineral exploration company focused on developing mineral properties in northwest Manitoba and northeast Saskatchewan. The company is dedicated to advancing its portfolio of base and precious metal prospects, all currently in the exploration stage.

For further information, Boreal Gold Inc. can be contacted via email at [email protected] or by visiting their website at BorealGold.ca.