Completion of IPO and listing on CSE

Neither the Canadian Securities Exchange nor its Market Regulator (as the term is defined in the

policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy

of this release.

NEWS RELEASE

Edgemont Gold Completes Initial Public Offering

on the Canadian Securities Exchange

May 29, 2020 – Vancouver, British Columbia – Edgemont Gold Corp. (CSE: EDGM)

(“Edgemont”) is pleased to announce that it successfully completed its initial public

offering (the “ Offering”) of 3,554,000 common shares (the “ Shares”) for gross proceeds

of $355,400 through its agent, Mackie Research Capital Corporation (the “ Agent”)

pursuant to the agency agreement dated March 13, 2020. In connection with the Offering,

the Agent, and members of its selling group, received a cash commission equal to 10% of

the gross proceeds of the Offering and non-transferable compensation options to

purchase up to 355,400 Shares at a price of $0.10 per Share which may be exercised for

a period of 36 months from the day the Shares are listed on the Canadian Securities

Exchange (the “ Exchange”). The Agent was also paid a corporate finance fee for its

services in connection with the Offering.

Following completion of the Offering, Edgemont has 12,944,001 Shares issued and

outstanding. Edgemont’s common shares will commence trading on the Exchange on

June 1, 2020 under the trading symbol EDGM.

Edgemont intends to use the proceeds from the Offering primarily for exploration of its

Dungate copper/gold project and for its ongoing general working capital requirements.

About Edgemont

Edgemont is focused entirely on gold exploration in Canada. It is currently actively

exploring the Dungate copper/gold porphyry project located 6 km south of Houston in the

Omenica Mining Division of northern British Columbia. Investors are encouraged to

review Edgemont’s prospectus and the technical report for the Dungate Property available

at www.sedar.com.

Management and the board of directors of Edgemont consists of Stuart Rogers (Chief

Executive Officer and director), Joseph Campbell (director), Guido Cloetens (director) and

Gordon Steblin (Chief Financial Officer).

For further information, please contact:

Stuart Rogers

Chief Executive Officer

Edgemont Gold Corp.

Tel: (778) 373-1562

www.edgemontgold.com