Independence GOLD Announces Closing of Non-Brokered Private Placement
NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR FOR DISSEMINATION INTO THE USA
NEWS RELEASE
INDEPENDENCE GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C. ( March 18, 202 6) – Independence Gold Corp. (TSX.V: IGO)(OTCQB: IEGCF) (the “Company”) is
pleased to announce that it has closed the non -brokered private placement announced March 17, 2026 (the
“Offering”). The Company issued 7,142,858 flow-through common shares (“FT Common Shares”) at a price of $0.105
per FT Common Share for total gross proceeds of $750,000.
The Company paid a cash finder’s fee of $ 45,000 and issued 428,571 non-transferable finders compensation
warrants (“Finder’s Warrants”) in connection with the distribution of FT Shares to an arm’s length subscriber. Each
Finder’s Warrant entitles the holder to purchase one common share of the Company at a price of $0.15 per common
share until March 18, 2028. There has been no prior formal valuation of the common shares and Warrants issued as
there has not been any necessity to do so. The Private Placement has been reviewed and unanimously approval by
the Company’s board of directors, including the independent directors. In accordance with applicable securities
legislation, all securities issued pursuant to the Offering are subject to a hold period of four months and one day
from the date of the completion of the Offering.
The proceeds from the sale of the FT Common Shares will be used by the Company to incur for “Canadian exploration
expenses” as defined by the Income Tax Act (Canada) at its properties in British Columbia, Canada.
ON BEHALF OF THE BOARD OF INDEPENDENCE GOLD CORP.
“Randy Turner”
Randy Turner, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements in this press release, other than statements of historical fact, are "forward- looking information" with respect to
Independence within the meaning of applicable securities laws, including statements with respect to the Company’s planned
drilling and exploration activities. The Company provides forward- looking statements for the purpose of conveying information
about current expectations and plans relating to the future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is subject to inherent risks and uncertainties that may be general
or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These
risks and uncertainties include but are not limited to those identified and reported in Independence’s public filings under
Independence Gold Corp.’s SEDAR + profile at www.sedarplus.ca . Although Independence has attempted to identify important
factors that could cause actual actions, events or results to differ materially from those described in forward-looking information,
there may be other factors that cause actions, events or resul ts not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements. Independence disclaims any intention or obligation to update or revise any forward- looking
information, whether as a result of new information, future events or otherwise unless required by law.
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligi ble
investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United
States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United St ates
Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements
of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance
with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities,
nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.