ESGold Expands Montauban Land Position Following 3D Geological Model Identifying Potential District-Scale Mineralized Corridor Strategic staking has taken place by the Company to secure key ground adjacent
ESGold Expands Montauban Land Position Following 3D Geological Model
Identifying Potential District-Scale Mineralized Corridor
Strategic staking has taken place by the Company to secure key ground adjacent
to modeled mineralization and Company prepares expanded ANT survey and step-
out drilling program
VANCOUVER, BC – February 5, 2026 – ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE:
Z7D) (“ESGold” or the “Company”) is pleased to announce that it has staked an additional 144
mining claims totaling approximately 7,668 hectares in and around its Montauban project ,
significantly increasing the size of its Montauban land position in Québec.
With these newly staked claims, ESGold now controls 417 mining claims covering approximately
20,618 hectares or 206 square kilometres around its Montauban project, representing the largest
contiguous mineral tenure held by a single company in the Montauban region. Most of the newly
acquired claims are open ground and are strategically located adjacent to the Company’s core
Montauban property.
Figure 1: Map showing ESGold’s expanded Montauban land position, highlighting both newly
staked regional claim blocks and newly staked claims adjacent to the Company’s core
Montauban property.
The decision to continuing staking and expand the land position follows the completion of
ESGold’s recently announced ambient noise tomography (ANT) based 3D geological model (the
“Model”) (see the Company’s press release dated February 3, 2026 here), which identified a
deep, laterally extensive mineralized corridor extending to approximately 900 metres depth and
over two kilometres of strike, remaining open beyond the limits of the existing survey area at the
Company’s Montauban property. The Model has materially expanded the interpreted footprint of
the mineral system and has highlighted areas that had not been evaluated by historical operators
at Montauban.
Figure 2: ANT-based 3D geological model showing mineralized corridors extending beyond the
available area prior to land expansion.
Based on the interpretation of this new geological understanding from the Model, ESGold was
able to quickly secure additional ground along the interpreted structural and lithological trends to
ensure control over potential extensions of the system.
Management Commentary
Gordon Robb, Chief Executive Officer of ESGold, commented:
“The recently completed 3D geological model fundamentally changed our
understanding of Montauban and underscored the importance of securing control
over the broader geological system. While we remain hyper focused on advancing
Montauban toward near -term production of our tailings project, we are moving
exploration forward in tandem, recognizing the opportunity to create value on two
tracks simultaneously. The addition of nearly 76 square kilometres of strategically
positioned ground around Montauban is aimed at providing the scale necessary to
properly evaluate the potential extent of the mineralized corridor identified by the
model and to ensure we are not constrained by the historical boundaries as we
systematically assess what Montauban may ultimately become.”
Strategic Rationale for Expanded Staking
The expanded claim package positions ESGold to systematically evaluate the full extent of the
Montauban mineral system as modern exploration advances beyond the historically mined
footprint. Historical exploration in the region was largely confined to shallow depths and isolated
zones, leaving much of the broader structural corridor untested.
The newly staked claims may provide coverage over areas considered prospective for:
● along-strike extensions of modeled mineralization;
● parallel or stacked mineralized horizons; and
● structural corridors interpreted to control fluid flow and mineral deposition.
To date, only a portion of ESGold’s land package has been evaluated using modern deep-
penetrating geophysics.
Next Phase of Exploration
Building on the results of the 3D geological model and expanded land position, ESGold is
advancing the next phase of exploration, which will include:
● A significantly expanded ANT survey covering approximately 70 square kilometres,
designed to assess the scale and continuity of the broader mineralized corridor ;
● Integration of ANT results with existing geological, geochemical, and structural datasets ;
and
● Development of a targeted step-out diamond drilling program focused on testing high-
priority targets identified by the model and expanded geophysics.
These exploration activities are being planned in parallel with the continued advancement of
Montauban near-term production, which is expected to begin in 2026.
Montauban (Historical Context)
Reported historical production from the Montauban p roperty includes approximately 150,000
ounces of gold, 7 million ounces of silver, 109,000 tonnes of zinc, and 37,000 tonnes of
lead (source: John Langton, P.Geo., NI 43-101 Technical Report, February 4, 2022).
Despite this production history, the broader Montauban region has never been systematically
explored at a regional scale using modern techniques.
Why the 3D Model and New Staked Ground Matters to Investors
This expanded land position reflects a critical inflection point for ESGold. As modern geophysics
and 3D modeling indicate that mineralization at Montauban extends well beyond the historically
mined footprint, control of a larger land position beyond the broader structural and geological
setting becomes increasingly important. By consolidating this large, contiguous land package at
this stage, ESGold is positioned to systematically evaluate the full potential of the emerging
mineral system and not be constrained by its historical land base and boundaries. Limited
opportunities allow for a company to redefine the scale of its historic mining camp while advancing
towards production, and ESGold believes Montauban is now entering that phase.
Qualified Person Statement
The technical content of this news release has been reviewed and approved by André Gauthier,
P.Geo., a Director of ESGold and a Qualified Person as defined by National Instrument 43-101 –
Standards of Disclosure for Mineral Projects. Sampling described herein was conducted for due-
diligence screening; independent verification, QA/QC, and systematic work remain outstanding.
No mineral resources or reserves are declared.
About ESGold Corp.
ESGold Corp. (CSE: ESAU | OTCQB: ESAUF | FSE: Z7D) is a fully permitted, fully funded, pre-
production mining company advancing a scalable clean mining model across North and South
America. The Company’s flagship Montauban Gold-Silver Project in Quebec is under construction
with production anticipated in 2026. With a dual -track strategy of cash flow today and discovery
tomorrow, ESGold is building a platform for clean, sustainable growth and long-term shareholder
value.
For more information, please contact ESGold Corp. at +1 -888-370-1059 or visit esgold.com for
additional resources, including a French version of this press release, past news releases, a 3D
model of the Montauban processing plant, media interviews, and opinion-editorial pieces.
Stay connected by following us on X (formerly Twitter), LinkedIn, and joining our Telegram
channel.
For further information please contact [email protected] or 604 -885-1348, or to connect directly,
please reach out to Gordon Robb, CEO of ESGold Corp. at [email protected] or 250-217-
2321.
On behalf of the Board of Directors
ESGold Corp.
Gordon Robb
Chief Executive Officer & Director
+1-888-370-1059
Forward Looking Statements
This news release contains “forward- looking information” within the meaning of applicable Canadian
securities laws, including statements regarding metallurgical recoveries, project economics, construction
timelines, and exploration potential. Forward- looking information is based on reasonable assumptions
believed to be current but involves known and unknown risks and uncertainties that may cause actual
results to differ materially. Historical data referenced herein is not current, has not been independently
verified by ESGold, and should not be relied upon for investment decisions. ESGold disclaims any
obligation to update or revise forward-looking information except as required by law.
These forward-looking statements reflect the Company's current views with respect to future events and
are necessarily based upon a number of assumptions that, while considered reasonable by the Company,
are inherently subject to significant operational, business, economic and regulatory uncertainties and
contingencies. These assumptions include, among other things: the ANT -based 3D geological model, its
results and interpretation of the same, the newly staked land of the Company and the possibility for
mineralization therein, conditions in general economic and financial markets; accuracy of assay results;
geological interpretations from drilling results, timing and amount of capital expenditures; performance of
available laboratory and other related services; future operating c osts; the historical basis for current
estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour
related disruptions at any of the Company's operations; no unplanned delays or interruptions in scheduled
activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely
manner; the ability to secure and maintain title and ownership to properties and the surface rights
necessary for operations; and the Company's ability to comply with environmental, health and safety laws.
The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward- looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results and developments to differ materially from
those expressed or implied by such forward- looking statements contained in this news release and the
Company has made assumptions and estimates based on or related to many of these factors. Such factors
include, without limitation: the timing and content of work programs; results of exploration activities and
development of mineral properties; the interpretation and uncertainties of drilling results and other
geological data; receipt, maintenance and security of permits and mineral property titles; environmental
and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of
funds; failure to delineate potential quantities and grades of the target zones based on historical data;
general market and industry conditions; and those factors identified under the caption "Risks Factors" in
the Company's continuous disclosure documents filed on SEDAR+ at www.sedarplus.com.
Forward-looking statements are based on the expectations and opinions of the Company's management
on the date the statements are made. The assumptions used in the preparation of such statements,
although considered reasonable at the time of preparation, may prove to be imprecise and, as such,
readers are cautioned not to place undue reliance on these forward-looking statements, which speak only
as of the date the statements were made. The Company undertakes no obligation to update or revise any
forward-looking statements included in this news release if these beliefs, estimates and opinions or other
circumstances should change, except as otherwise required by applicable law.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept
responsibility for the adequacy or accuracy of this release.