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ESAU.CN ·

ESGold Corp. announces Effective Date of Share Consolidation

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LEGAL_42176834.1

ESGold Corp. announces Effective Date of Share Consolidation

VANCOUVER, BRITISH COLUMBIA – September 11, 2023 – ESGold Corp. (“ESGold” or the “Company”)

(CSE: ESAU, Frankfurt: N2W, OTC: SEKZF) announces that further to the Company’s news release dated

August 29, 2023, the Company will implement the previously announced consolidation of its common

shares in the capital of the Company (the “ Shares”) on the basis of ten (10) pre-consolidation Shares for

every one (1) post-consolidation Share (the “Consolidation”) effective as of September 15, 2023.

The name of the Company and trading symbol will remain the same after the Consolidation. The new

CUSIP number w ill be 29643L204 and the new ISIN number will be CA 29643L2049 for the post

Consolidation Shares.

The Company’s post -Consolidation Shares are expected to begin trading on the Canadian Securities

Exchange (the “CSE”) on or about September 15, 2023. The total issued and outstanding number of Shares

post-Consolidation will be approximately 31,515,976, subject to rounding for fractional Shares.

No fractional Shares will be issued in connection with the Consolidation. In the event a holder of Shares

would ot herwise be entitled to receive a fractional Share in connection with the Consolidation, the

number of Shares to be received by such shareholder will be rounded down to the next whole number if

that fractional Share is less than one -half (1/2) of a Share, and will be rounded up to the next whole

number if that fractional Share is equal to or greater than one-half (1/2) of a Share.

Registered shareholders that hold physical Share certificates will receive a letter of transmittal requesting

that they forward pre-Consolidation Share certificates to the Company's transfer agent, Computershare

Investor Services Inc. for exchange for new Share certificates representing Shares on a post-Consolidation

basis. Shareholders who hold their Shares through a broker or other intermediary and do not have Shares

registered in their own name will not be required to complete a letter of transmittal.

About the Company

ESGold Corp. is a Canadian environmentally aware resource exploration and processing company.

Management has demonstrated expertise in advancing gold exploration projects into acquisition targets,

most notably in the province of Quebec. ESGold’s principal restoration and recovery project is the

Montauban property situated in Quebec, just 80 kilometers west of Quebec City.

LEGAL_42176834.1

Pour une traduction française de ce communiqué de presse, veuillez visiter notre site Web à

www.esgold.ca.

For more information on ESGold Corp. please contact the Company (+1 514-712-1532) or visit the website

www.esgold.ca for past news releases, 3D model of the Montauban processing plant, media interviews

and opinion-editorial pieces.

On behalf of the Board of Directors,

ESGold CORP.

“Jean Yves Therien”

Chief Executive Officer

“John Stella”

Investor contact

Tel: +1 514-712-1532

Email: [email protected]

This press release contains "forward- looking information" that is based on the Company's current expectations, estimates,

forecasts, and projections. This forward-looking information includes, among other things, statements with respect to the

Company's exploration and development plans. The words "will", "anticipated", "plans" or other similar words and phrases are

intended to identify forward- looking information. Forward -looking information is subject to known and unknown risks,

uncertainties and other factors that may cause the Company's actual results, level of activity, performance, or achievements to

be materially different from those expressed or implied by such forward looking information.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the adeq uacy or

accuracy of this release.