Firefox GOLD Announces Non-Brokered Private Placement

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FIREFOX GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

VANCOUVER, BC – (April 17, 2020) – FireFox Gold Corp. (“FireFox” or the “Company”) announces that it

intends to raise up to $200,000 by way of a non-brokered private placement (the “Private Placement”). The

Private Placement will consist of up to 4,000,000 units of the Company (“Units”) at a price of $0.05 per Unit.

Each Unit will consist of one common share of the Company ("Common Share") and one whole common share

purchase warrant ("Warrant"), with each Warrant being exercisable to acquire one common share of the

Company (a “Warrant Share”) at an exercise price of C$ 0.08 per Warrant Share for a term of two years

following the closing of the Offering.

It is anticipated that the p roceeds of the Private Placement will be used for general working capital and

exploration activities on FireFox’s gold exploration properties in Finland. Prior to this financing, FireFox has

43.2 million shares outstanding, 15,6 million warrants, and 3. 5 million stock options issued.

The Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months

plus one day from the date of issuance, in accordance with applicable securities legislation. The Company

anticipates that the Private Placement will close on or about April 30, 2020. The Company does not intend to

pay any finder’s fees in association with this financing.

About FireFox Gold Corp.

FireFox Gold Corp is listed on the TSX Venture stock exchange under the ticker symbol FFOX. The Company

is focused entirely on gold exploration in Finland where it is exploring its project portfolio that includes over

150,000 hectares of prospective ground.

Finland is one of the top mining investment jurisdictions in the world as indicated by its multiple top -10

rankings in recent Fraser Institute Surveys of Mining Companies. Having a strong mining law and long mining

tradition, Finland remains underexplored for gold. Recent exploration results in the country have highlighted

its prospectivity, and FireFox is proud to have a Finland based CEO and technical team.

For more information concerning the Company, please refer to the Company’s profile on the SEDAR website

at www.sedar.com.

On behalf of the Board of Directors,

“Carl Lo fberg”

Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: [email protected]

Telephone: 604-328-4789

Forward Looking Statements

The information in this news release contains forward looking statements that are subject to a number of known and

unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated

in our forward looki ng statements. Factors that could cause such differences include: changes in world commodity

markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and

changes to regulations affecting the mining indust ry. Forward -looking statements in this release may include

statements regarding the completion of the Private Placement and the timing thereof and the use of proceeds therefrom.

Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary. The

forward-looking statements contained in this press release represent the expectations of FireFox as of the date of this

press release a nd, accordingly, are subject to change after such date. Readers should not place undue importance on

forward-looking statements and should not rely upon this information as of any other date. FireFox does not undertake

to update this information at any particular time except as required in accordance with applicable laws.

It should also be noted that while FireFox’s properties are sometimes adjacent to or nearby operating or historic gold

mines or active gold projects being advanced by other companies, t he mineralization on properties nearby FireFox’s

land packages is not necessarily indicative of mineralization on FireFox’s properties.

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DISSEMINATION DIRECTL Y, OR INDIRECTLY, IN WHOLE OR IN PART , IN OR INTO THE UNITED STATES.