Firefox GOLD Files Preliminary Prospectus FOR Proposed Initial Public Offering of Units

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FIREFOX GOLD FILES PRELIMINARY PROSPECTUS FOR PROPOSED INITIAL PUBLIC

OFFERING OF UNITS

VANCOUVER, BC – (11 October, 2018) – FireFox Gold Corp. (“FireFox” or the “Company”) today announced

that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces

of Canada, other than Québec, for a proposed initial public offering (the “Offering”) of units of the Company

(the “Units”).

The Offering is expected to be for a minimum of 6,000,000 Units and up to a maximum of 10,000,000 Units

at a price of $0.50 per Unit (the “Offering Price”). Each Unit consists of one common share in the capital of

the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each whole

Common Share purchase warrant, a “Warrant”) of the Company. Each Warrant will entitle the holder thereof

to acquire, subject to adjustment in accordance with the warrant indenture governing the Warra nts, one

Common Share of the Company at an exercise price of $0.75 at any time prior to 5:00 p.m. (Vancouver time)

on the date that is 24 months following the closing of the Offering.

The Offering will be managed by a syndicate of agents, including PI Financial Corp., as sole bookrunner and

lead agent, Canaccord Genuity Corp. and M Partners Inc. (the “Agents”). Red Cloud Klondike Strike Inc., an

exempt market dealer, will be appointed as a selling group member by the lead agent and its role will be

limited to reflecting inbound inquiries from potential investors to the lead agent.

The Company intends to use the net proceeds from the Offering (i) to fund exploration and development

activities on the Mustajärvi and Jeesiö p roperties, (ii) to conduct the portions of the work programs

recommended pursuant to the technical report s entitled “2018 Technical (N.I. 43 -101) Report on the

Mustajärvi Property” with an effective date of July 15th, 2018 and “2018 Technical (N.I. 43-101) Report on

the Jeesiö Property” with an effective date of April 10th, 2018, and (iii) for general corporate purposes and

working capital requirements.

The Company has granted the Agents an over -allotment option exercisable at the sole discretion of the

Agents, on or before the 30th day following the closing date of the Offering, to purchase up to an additional

15% of the aggregate number of Common Shares and/or Warrants, or any combination thereof , purchased

under the Offering to cover over-allotments, if any, and for market stabilization purposes.

A preliminary prospectus has been filed with the securities commissions or similar securities regulatory

authorities in each of the provinces of Canada, other than Québec, containing important information relating

to the Units. The preliminary prospectus remains subject to completion or amendment. There will not be any

sale or any acceptance of an offer to buy the Units until a receipt for the final prospectus has been issued by

the relevant securities commissions in Canada. The preliminary prospectus may be obtained under the

Company’s profile on SEDAR at www.sedar.com.

No securities regulatory authority has either approved or disapproved of the contents of this news release.

The Units and the underlying securities have not been and will not be registered under the United States

Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws. Accordingly, the

Units and the underlying securities may not be offered or sold within the United States unless registered

under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the

registration requirements of the U.S. Securities Act and applicable state securities laws. This news release

does not constitute an offer to sell or a solicitation of an offer to buy any securities of FireFox in any

jurisdiction in which such offer, solicitation or sale would be unlawful.

About FireFox Gold Corp.

FireFox is a non-listed reporting issuer in British Columbia and Alberta focused entirely on gold exploration

in Finland. The Company has entered into option agreements with Magnus Minerals Ltd., a private prospect

generator company in Finland, through whi ch it has options to acquire 100% interests in several projects

(subject to an NSR royalty) that currently encompass approximately 104,000 hectares, that complement

approximately 4,000 hectares of exploration reservations and exploration permits already held directly by

the Company. In order to complete the combined options, the Company must invest CAD $4.0 million in

exploration on the properties and make cash payments to Magnus totaling up to CAD $450,000 over the

course of the two separate three-year option periods.

Finland is one of the top mining jurisdictions in the world as indicated by its 1st ranking in the 2017 Fraser

Institute Survey 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.

On behalf of the Board of Directors,

“Carl Lo fberg”

Chief Executive Officer

CONTACT:

FireFox Gold Corp.

Email: [email protected]

Telephone: 604-558-7687

Forward-Looking Statements: The information in thi s 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-looking 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 industry. Forward -looking statements in this

news release include statements regarding terms of the Offering , including anticipated proceeds and use of such

proceeds by the Company . Although we believe the expectations reflected in our forward-looking statements are

reasonable, results may vary. The forward-looking statements contained in this news release represent the expectations

of FireFox as of the date of this news release and, 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.