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CSG.V ·

CFMC Suc Colombia Barrio Soledad Bogota, Colombia Cosigo Fronteira Prospeccao Pesquisa e Extracao Mineral Ltda R.Benjamin

Financings

Cosigo Resources Ltd.

COSIGO RESOURCES LTD.

[email protected]

Toronto Stock Exchange Venture:NEX:CSG.H

www.cosigo.com

3854 Cadboro Bay Rd.

Victoria, BC

Canada V8N 4G4

1-250-477-7748

CFMC Suc Colombia

Barrio Soledad

Bogota, Colombia

Cosigo Fronteira Prospeccao Pesquisa e Extracao

Mineral Ltda

R.Benjamin Lima, 264 Apto 11, Sao Jorge

Manaus - AM

Brasil CDP 69033-640

Cosigo Resources Announces Private Placement

VICTORIA, CANADA – May 27, 2022: Cosigo Resources Ltd. (“Cosigo” or the “Company”) (TSXV:

NEX.CSG.h). The Company wishes to announce a private placement of up to $500,000. The financing

will consist of units priced at $0.08 with a full warrant priced at $0.12. Each warrant will entitle the holder

to purchase an additional common share at a price of $0. 12 for a period of 12 months from the date of

closing of the private placement.

This private placement is being offered on a non-brokered basis and the Units will be subject to a statutory

hold period of four months and a day from the closing date of the Offering. The Compa ny may pay a

finder’s fee on a portion of the gross proceeds of the private placement. The Offering remains subject to

regulatory approval.

The Company intends to use the net proceeds of the Offering to conduct prospecting, mapping and

sampling on the Company’s Taraira property, the Willow Creek Nevada property and for general working

capital.

About Cosigo Resources

Cosigo Resources Ltd. is a junior exploration company trading on the TSX Venture ’s NEX

Exchange (symbol CSG.h). The Company is focused on ex ploring and developing the gold

potential of its properties in the Taraira District in south-east Colombia near the border of Brazil.

The Company also holds a 100% interest in the Willow Creek property, located in the northern

sierras of Nevada near Winnemucca, a 100% interest in the Damian property in the Cordillera

region of Colombia, and owns 13.26% of DHK Diamonds Inc. a company exploring for diamonds

in the DO27 region of the NorthWest Territories of Canada.

To find out more about Cosigo Resources visit our website at www.cosigo.com.

FOR MORE INFORMATION CONTACT:

Cosigo Resources Ltd.

Andy Rendle

President & COO

[email protected]

Cosigo Resources Ltd.

COSIGO RESOURCES LTD.

[email protected]

Toronto Stock Exchange Venture:NEX:CSG.H

www.cosigo.com

3854 Cadboro Bay Rd.

Victoria, BC

Canada V8N 4G4

1-250-477-7748

CFMC Suc Colombia

Barrio Soledad

Bogota, Colombia

Cosigo Fronteira Prospeccao Pesquisa e Extracao

Mineral Ltda

R.Benjamin Lima, 264 Apto 11, Sao Jorge

Manaus - AM

Brasil CDP 69033-640

Cautionary and Forward-Looking Statements

This news release contains forward‐looking statements and forward ‐looking information within the

meaning of applicable securities laws. These statements relate to future events or future performance. All

statements other than statements of historical fact may be forward ‐looking statements or information.

Forward‐looking statements and information are often, but not always, identified by the use of words such

as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”,

“project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and

similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about

the current expectations and plans of management of the Company relating to the future. Readers are

cautioned that reliance on such statements and information may not be appropriate for other purposes,

such as making investment decisions. Since forward ‐looking statements and information addres s future

events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results

could differ materially from those currently anticipated due to a number of factors and risks. These include,

but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated

work program, required approvals in connection with the work program and the ability to obtain such

approvals. Accordingly, readers should not place undue reliance on the forward ‐looking statements,

timelines and information contained in this news release. Readers are cautioned that the foregoing list of

factors is not exhaustive.

The forward‐looking statements and information contained in this news release are made as of the date

of this news release and no undertaking is given to update publicly or revise any forward ‐looking

statements or information, whether as a result of new information, future events or otherwise, unless so

required by applicable securities laws or the TSXV. The forward -looking statements or information

contained in this news release are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the CSE)

accepts responsibi lity for the adequacy or accuracy of this release. No stock exchange, securities

commission or other regulatory authority has approved or disapproved the information contained herein.