GoGold Announces C$75 Million Bought Deal Financing

Source: GoGold Resources Inc.

March 19, 2025 16:50 ET

GoGold Announces C$75 Million Bought Deal Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE,

PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN

WHOLE OR IN PART, IN OR INTO THE UNITED STATES.

HALIFAX, Nova Scotia, March 19, 2025 (GLOBE NEWSWIRE) -- GoGold Resources Inc. (TSX: GGD)

(OTCQX: GLGDF) (“GoGold” or the “Company”) has announced today that it has entered into an

agreement with a syndicate of underwriters led by BMO Capital Markets (collectively the

“Underwriters”), under which the Underwriters have agreed to buy on bought deal basis 41,210,000

common shares (the “Common Shares”), at a price of C$1.82 per Common Share for gross proceeds

of approximately C$75 million (the “Offering”). The Company has granted the Underwriters an

option, exercisable at the offering price for a period of 30 days following the closing of the Offering,

to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is

expected to close on or about April 4, 2025 and is subject to GoGold receiving all necessary

regulatory approvals.

The net proceeds of the offering will be used for the development of the Company’s Los Ricos South

project, for exploration activities at both Los Ricos South and North projects, and for general

corporate purposes.

The Common Shares will be offered by way of a short form prospectus in all of the provinces of

Canada, other than Quebec, and may also be offered by way of private placement in the United

States. The securities offered have not been registered under the U.S. Securities Act of 1933, as

amended, and may not be offered or sold in the United States absent registration or an applicable

exemption from the registration requirements. This press release shall not constitute an offer to sell

or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in

which such offer, solicitation or sale would be unlawful.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating,

developing, exploring and acquiring high quality projects in Mexico. The Company operates the

Parral

Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North

exploration and development projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold

is building a portfolio of low cost, high margin projects. For more information visit

gogoldresources.com.

For further information please contact:

Steve Low, Corporate Development

GoGold Resources Inc.

T: 416 855 0435

Email : [email protected]

Or visit : www.gogoldresources.com

CAUTIONARY STATEMENT

CAUTIONARY STATEMENT: The securities described herein 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, and may not be offered or sold within the United States or to, or for the

benet of, U.S. persons (as dened in Regulation S under the U.S. Securities Act) except in

compliance with the registration requirements of the U.S. Securities Act and applicable state

securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell

or a solicitation of an offer to buy of any of GoGold’s securities in the United States. This news

release may contain "forward-looking information" as dened in applicable Canadian securities

legislation. All statements other than statements of historical fact, included in this release,

including, without limitation, statements regarding the Parral tailings project, the Los Ricos project,

future operating margins, future production and processing, and future plans and objectives of

GoGold, constitute forward looking information that involve various risks and uncertainties.

Forward-looking information is based on a number of factors and assumptions which have been

used to develop such information but which may prove to be incorrect, including, but not limited to,

assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern,

general economic and market conditions, mineral prices, the accuracy of mineral resource

estimates, and the performance of the Parral project There can be no assurance that such

information will prove to be accurate and actual results and future events could differ materially

from those anticipated in such forward-looking information. Important factors that could cause

actual results to differ materially from GoGold's expectations include exploration and development

risks associated with GoGold’s projects, the failure to establish estimated mineral resources or

mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic

conditions. For additional information with respect to risk factors applicable to GoGold, reference

should be made to GoGold's continuous disclosure materials led from time to time with securities

regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking

information contained in this release is made as of the date of this release.