BGX – Black Gold Exploration Announces Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED

STATES

BGX – Black Gold Exploration Announces Private

Placement

VANCOUVER, B.C., May 2, 2025 – BGX - Black Gold Exploration Corp. (the “Company” or

“BGX) (CSE: BGX) (OTCQB: BGXCF) (FRA: P30) is pleased to announce its intention to carry

out a non-brokered private placement (the “ Offering”) of up to 2,500,000 units of the Company

(each, a “Unit”) at a price of $0.20 per Unit, for aggregate gross proceeds of up to $5 00,000. The

securities issued under the offering will be subject to a statutory hold period of four months and

one day from the date of issuance. Each Unit will consist of one (1) common share in the capital

of the Company (a “ Common Share ”) and one (1) transferable share purchase warrant (a

“Warrant”), each Warrant to be exercisable at $0.50 for a period of 24 months following the

closing of the Offering, subject to acceleration in the event the Common Shares close above $0.75

for a period of three (3) consecutive trading days.

Completion of the Offering is subject to certain conditions including, but not limited to, receiving

adequate subscriptions for the Offering and the receipt of all necessary approvals, including the

approval of the Canadian Securities Exchange.

The Company intends to use the net proceeds from the Offering to complete and commence

production at the Fritz 2-30 Well and for further drilling activities, marketing activities and general

working capital.

The securities referred to in this news release have not been, nor will they be, registered under the

United States Securities Act of 1933, as amended, and may not be offered or sold within the United

States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable

exemption from the U.S. registration requirements. This news release does not constitute an offer

for sale of securities, nor a solicitation for offers to buy any securities.

On behalf of the Company,

Francisco Gulisano

1-236-266-5174

Chief Executive Officer

About BGX

BGX – Black Gold Exploration Corp. (CSE: BGX) (OTCQB: BGXCF) (FRA: P30) is an oil and

gas exploration company dedicated to creating shareholder value through the acquisition,

1375-9693-1350, v. 1

exploration and development of oil and gas projects. BGX currently has assets in Argentina and

the United States of America. For more information visit https://www.bgxcorp.com.

Forward-Looking Statements

The information in this news release includes certain information and statements about

management’s view of future events, expectations, plans, and prospects that constitute forward

looking statements. These statements are based upon assumptions that are s ubject to risks and

uncertainties. Forward- looking statements in this news release include, without limitation,

statements respecting: the Offering, the timing thereof and the expected use of proceeds therefrom.

Although the Company believes that the expectations reflected in forward-looking statements are

reasonable, it can give no assurance that the expectations of any forward looking statement will

prove to be correct. Except as required by law, the Company disclaims any intention and assumes

no obligation to update or revise any forward-looking statements to reflect actual results, whether

as a result of new information, future events, changes in assumptions, changes in factors affecting

such forward-looking statements, or otherwise. The CSE (operated by CNSX Markets Inc.) has

neither approved nor disapproved of the contents of this press release.

Neither the CSE nor the CSE’s Regulation Services Provider (as that term is defined in the

policies of the CSE) accept responsibility for the accuracy of this release.