Antler Gold Closes Private Placement Financing of Units

Antler Gold Closes Private Placement

Financing of Units

Halifax, Nova Scotia--(Newsfile Corp. - September 9, 2021) - Antler Gold Inc. (TSXV: ANTL) ("

Antler

" or

the

"Company

") is pleased to announce it has closed a non-brokered private placement financing (the

"

Financing

") to raise gross proceeds of $500,000 from the sale of 5,000,000 units of the Company (the

"

Units

") priced at $0.10 per Unit initially announced August 6, 2021.

Each Unit consists of one common share of Antler (a "

Common Share

") and one half of one common

share purchase warrant (each whole warrant, a "

Warrant

"). Each Warrant is exercisable to purchase

one Common Share at the price of $0.15 per share for a period of two years from the closing date of the

Financing (the "

Closing Date

"). Insiders have subscribed for a total of 3,050,000 Units and officers and

directors subscribed for 2,050,000 Units. All securities issued pursuant to the Financing will be subject

to a four-month hold period commencing on the Closing Date.

Antler intends to use the proceeds of the Financing to advance exploration work on its Erongo Gold

Project in Namibia and the Project in Zambia as well as for general working capital purposes.

Completion of the Financing is subject to the approval of the TSX Venture Exchange.

About Antler Gold Inc.

Antler Gold Inc. (TSXV: ANTL) is a Canadian company, focused on the acquisition and exploration of

gold projects in Namibia. Antler's Erongo Gold Project covers areas of the Navachab-Damara Belt,

which is highly prospective for gold, and shares geologically similarities to the areas containing the

known Namibian Gold mines (QKR's Navachab and B2 Golds' Otjikoto) as well as Osino's recent Twin

Hills discovery. Namibia is recognized as one of Africa's most politically stable jurisdictions, with an

extremely well-established national infrastructure.

The Company continues to assess new opportunities to expand its Namibian and Zambian portfolio.

Further details are available on the Company's website at

www.antlergold.com

.

Cautionary Statements

This press release may contain forward-looking information, such as statements regarding the

completion of the work in Namibia by Antler and future plans and objectives of Antler, including the

acquisition of a new project in Zambia. This information is based on current expectations and

assumptions (including assumptions in connection with the continuance of the applicable company as a

going concern and general economic and market conditions) that are subject to significant risks and

uncertainties that are difficult to predict, including risks relating to the ability to satisfy the conditions to

completion of exploration programmes and work in Namibia and Zambia and risks related to the

Company's ability to complete the Financing. Actual results may differ materially from results suggested

in any forward-looking information. Antler assumes no obligation to update forward-looking information in

this release, or to update the reasons why actual results could differ from those reflected in the forward-

looking information unless and until required by applicable securities laws. Additional information

identifying risks and uncertainties is contained in filings made by Antler with Canadian securities

regulators, copies of which are available at

www.sedar.com

.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

For further information, please contact Daniel Whittaker, President and CEO of Antler Gold Inc.,

at (902) 488-4700 or Chris Drysdale, VP at +264 81 220 2439.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/95987