O2Gold Provides Additional Update on Quebec Aur Transaction

TORONTO, Nov. 29, 2024 (GLOBE NEWSWIRE) — O2Gold Inc. (NEX: OTGO.H) (“O2Gold” oregon the “Company”) is pleased to supply an further update connected its pending acquisition of a golden mining exploration spot successful Quebec done the acquisition of each of the issued and outstanding shares of Quebec Aur Ltd. (the “Target”) pursuant to a stock speech statement entered into by the Company with the Target and its shareholders dated April 15, 2024, arsenic amended November 14, 2024 (the “Acquisition”).

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Today, the Company received an hold from the TSX Venture Exchange to adjacent its antecedently announced non-brokered backstage placement financing of 15 cardinal subscription receipts and 15 cardinal flow-through subscription receipts for aggregate gross proceeds to the Company of $1.5 cardinal (the “Offering”). The Company present has until January 6, 2025, to adjacent the Offering.

The parties are moving diligently to implicit the remaining ineligible formalities successful narration to the Acquisition, which is present expected to adjacent successful December 2024, taxable to the restitution oregon waiver of definite conditions. The Acquisition is much afloat described successful the Company’s property releases dated April 15, 2024, April 23, 2024, April 24, 2024, May 30, 2024, and August 23, 2024, arsenic good arsenic the Company’s absorption accusation circular (the “Circular”) which was mailed to shareholders of grounds arsenic of August 26, 2024. The Offering is much afloat described successful the Company’s property merchandise dated October 22, 2024. The property releases and Circular are disposable nether O2Gold’s illustration connected SEDAR+ astatine www.sedarplus.ca.

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About O2Gold

O2Gold is simply a mineral exploration company.

For further information, delight contact:

Scott Moore, Chief Executive Officer
Phone: (416) 861-1685
Email: smoore@miningsm.com

Regulatory Statements

This property merchandise contains “forward-looking information” wrong the meaning of applicable Canadian securities legislation.
Forward-looking accusation includes, but is not constricted to, statements with respect to the Offering and Acquisition, including closing conditions and timing, and different matters related thereto. Generally, forward-looking accusation tin beryllium identified by the usage of forward-looking terminology specified arsenic “plans”, “expects” oregon “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” oregon “does not anticipate”, oregon “believes”, oregon variations of specified words and phrases oregon authorities that definite actions, events oregon results “may”, “could”, “would”, “might” oregon “will beryllium taken”, “occur” oregon “be achieved”. Forward-looking accusation is taxable to known and chartless risks, uncertainties and different factors that whitethorn origin the existent results, level of activity, show oregon achievements of the Company, arsenic the lawsuit whitethorn be, to beryllium materially antithetic from those expressed oregon implied by specified forward-looking information, including but not constricted to: receipt of indispensable approvals; wide business, economic, competitive, governmental and societal uncertainties; aboriginal mineral prices and marketplace demand; accidents, labour disputes and shortages and different risks of the mining industry. Although the Company has attempted to place important factors that could origin existent results to disagree materially from those contained successful forward-looking information, determination whitethorn beryllium different factors that origin results not to beryllium arsenic anticipated, estimated oregon intended. There tin beryllium nary assurance that specified accusation volition beryllium to beryllium accurate, arsenic existent results and aboriginal events could disagree materially from those anticipated successful specified statements. Accordingly, readers should not spot undue reliance connected forward-looking information. The Company does not undertake to update immoderate forward-looking information, but successful accordance with applicable securities laws.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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