Monthly Progress Report May 2026
FORM 7 – MONTHLY PROGRESS REPORT
FORM 7
MONTHLY PROGRESS REPORT
Name of Listed Issuer: Epic Gold Corp. (the “Issuer”).
Trading Symbol: EPG
Number of Outstanding Listed Securities: 214,470,924
Date: June 1, 2026 (for the month ended May 2026)
This Monthly Progress Report must be posted before the opening of trading on the fifth trading
day of each month. This report is not intended to replace the Issuer’s obligation to separately report
material information forthwith upon the information becoming known to management or to post
the forms required by Exchange Policies. If material information became known and was reported
during the preceding month to which this report relates, this report should refer to the material
information, the news release date and the posting date on the Exchange website.
This report is intended to keep investors and the market informed of the Issuer’s ongoing business
and management activities that occurred during the preceding month. Do not discuss goals or
future plans unless they have crystallized to the point that they are "material information" as
defined in the Policies. The discussion in this rep ort must be factual, balanced and non -
promotional.
General Instructions
(a) Prepare this Monthly Progress Report using the format set out below. The sequence of
questions must not be altered nor should questions be omitted or left unanswered. The
answers to the items must be in narrative form. State when the answer to any item is
negative or not applicable to the Issuer. The title to each item must precede the answer.
(b) The term “Issuer” includes the Issuer and any of its subsidiaries.
(c) Terms used and not defined in this form are defined or interpreted in Policy 1 –
Interpretation and General Provisions.
Report on Business
1. Provide a general overview and discussion of the development of the Issuer’s business and
operations over the previous month. Where the Issuer was inactive disclose this fact.
The Issuer has been evaluating business opportunities and considering financing
sources.
The Issuer announced it will consolidate its common shares on the basis of five (5) pre -
consolidation shares for every one (1) post-consolidation Share (the "Consolidation"). The
Issuer’s name and stock symbol will remain unchanged following the Consolidation. The
new CUSIP number will be 29391A202 and the new ISIN will be CA29391A2020 for
post-Consolidation Shares. The effective date of the Consolidation will be June 3, 2026.
FORM 7 – MONTHLY PROGRESS REPORT
The Issuer currently has 214,701,924 Shares issued and outstanding, and immediately
following the Consolidation, the Company will have approximately 42,940,385 Shares
issued and outstanding.
2. Provide a general overview and discussion of the activities of management.
Management is actively involved with the on-going operations of the Issuer on a daily
basis.
3. Describe and provide details of any new products or services developed or offered. For
resource companies, provide details of new drilling, exploration or production programs
and acquisitions of any new properties and attach any mineral or oil and gas or other reports
required under Ontario securities law.
N/A
4. Describe and provide details of any products or services that were discontinued. For
resource companies, provide details of any drilling, exploration or production programs that
have been amended or abandoned.
N/A
5. Describe any new business relationships entered into between the Issuer, the Issuer’s
affiliates or third parties including contracts to supply products or services, joint venture
agreements and licensing agreements etc. State whether the relationship is w ith a Related
Person of the Issuer and provide details of the relationship.
N/A
6. Describe the expiry or termination of any contracts or agreements between the Issuer, the
Issuer’s affiliates or third parties or cancellation of any financing arrangements that have
been previously announced.
N/A
7. Describe any acquisitions by the Issuer or dispositions of the Issuer’s assets that occurred
during the preceding month. Provide details of the nature of the assets acquired or disposed
of and provide details of the consideration paid or payabl e together with a schedule of
payments if applicable, and of any valuation. State how the consideration was determined
and whether the acquisition was from or the disposition was to a Related Person of the
Issuer and provide details of the relationship.
N/A
8. Describe the acquisition of new customers or loss of customers.
N/A
9. Describe any new developments or effects on intangible products such as brand names,
circulation lists, copyrights, franchises, licenses, patents, software, subscription lists and
trademarks.
N/A
10. Report on any employee hiring’s, terminations or lay-offs with details of anticipated length of lay-
offs.
N/A
11. Report on any labour disputes and resolutions of those disputes if applicable.
FORM 7 – MONTHLY PROGRESS REPORT
N/A
12. Describe and provide details of legal proceedings to which the Issuer became a party,
including the name of the court or agency, the date instituted, the principal parties to the
proceedings, the nature of the claim, the amount claimed, if any, if the proc eedings are
being contested, and the present status of the proceedings.
N/A
13. Provide details of any indebtedness incurred or repaid by the Issuer together with the terms
of such indebtedness.
N/A
14. Provide details of any securities issued and options or warrants granted.
Security Number Issued Details of Issuance Use of Proceeds(1)
Common Shares 3,846,154 Hawkins Property
Option Agreement (first
anniversary payment)
(1) State aggregate proceeds and intended allocation of proceeds.
15. Provide details of any loans to or by Related Persons. N/A
16. Provide details of any changes in directors, officers or committee members.
N/A
17. Discuss any trends which are likely to impact the Issuer including trends in the Issuer’s
market(s) or political/regulatory trends.
There are no regulatory or political trends which currently affect the Issuer.
FORM 7 – MONTHLY PROGRESS REPORT
Certificate of Compliance
The undersigned hereby certifies that:
1. The undersigned is a director and/or senior officer of the Issuer and has been duly authorized
by a resolution of the board of directors of the Issuer to sign this Certificate of Compliance.
2. As of the date hereof there were no material information concerning the Issuer which has
not been publicly disclosed.
3. The undersigned hereby certifies to the Exchange that the Issuer is in compliance with the
requirements of applicable securities legislation (as such term is defined in National
Instrument 14-101) and all Exchange Requirements (as defined in CNSX Policy 1).
4. All of the information in this Form 7 Monthly Progress Report is true.
Dated June 1, 2026 .
Fiona Fitzmaurice
Name of Director or Senior Officer
signed “Fiona Fitzmaurice”
Signature
CFO
Official Capacity
Issuer Details
Name of Issuer
Epic Gold Corp.
For Month End
May 31, 2026
Date of Report
June 1, 2026
Issuer Address
#206 – 52 Church St
City/Province/Postal Code
Toronto, ON M5C 2B5
Issuer Fax No. () Issuer Telephone
No.
(778) 819-2708
Contact Name
Fiona Fitzmaurice
Contact
Position
CFO
Contact Telephone
No.
(647) 519-1281
Contact Email Address
Web Site Address www.epicgoldcorp.com