Leviathan Gold Announces Completion by Cura Exploration Botswana Corp. of a $3,500,000 Private Placement, satisfying a condition precedent under the Proposed Transaction

Leviathan Gold Announces Completion by Cura Exploration Botswana Corp. of

a $3,500,000 Private Placement, satisfying a condition precedent under the

Proposed Transaction

VANCOUVER, British Columbia, Aug. 18, 2025 -- Leviathan Gold Ltd. (“Leviathan ” or the “Company”) (LVX – TSXV, LVXFF –

OTC, 0GP – FSE) is pleased to announce that Cura Exploration Botswana Corp. (“Cura”) has completed a private placement

financing of its securities for gross proceeds of $3,500,000 (the “Cura Financing ”). The completion by Cura of the Cura

financing satisfies the financing condition precedent to the previously announced letter of intent dated June 13, 2025 (the

“Letter of Intent”) for the proposed acquisition by Leviathan (the “Proposed Transaction”) of all of the issued and

outstanding securities of Cura.

Leviathan also announces that it has entered into an extension agreement with Cura for the Proposed Transaction. The parties

now have until September 30, 2025 to enter into a definitive agreement for the Proposed Transaction.

The Company also wishes to provide an update with respect to the Proposed Transaction. In accordance with TSX Venture

Exchange (“TSXV”) Policy 5.3 – Acquisitions and Dispositions of Non- Cash Assets (“Policy 5.3”), the trading of the common

shares of the Company on the TSXV was halted on June 16, 2025 pending TSXV review, as the Proposed Transaction is a

“Fundamental Acquisition” for the Company, as defined in Policy 5.3. The trading halt will be lifted by the TSXV once certain

conditions have been met under Section 5.6 of Policy 5.3, including the review by the TSXV of the technical report(s) prepared

in compliance with National Instrument 43-101 – Standards of Mineral Disclosure with respect to the properties. The Company

and Cura are in the process of preparing the documentation required by the TSXV, including the technical report(s) and

required financial statements.

About Leviathan Gold Ltd.

Leviathan Gold Ltd. is a Canadian-based mineral exploration company listed on the TSXV (LVX) and Germany (0GP).

On behalf of the Company

Luke Norman, Chief Executive Officer and Director

For further information, please visit the Company website www.leviathangold.com, the Company’s profile on SEDAR+ at

www.sedarplus.com, or contact:

Luke Norman,

Direct: (778) 238-2333

Toll Free: 1(833) 923-3334

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No securities regulatory authority has

either approval or disapproved of the contents of this press release.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of

this news release, including but not limited to statements regarding the approval of the Proposed Transaction by the TSXV and

the timing of the delivery of documents, including the technical reports on the properties, to the TSXV. These statements

reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance.

Leviathan cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by

many material factors, many of which are beyond Leviathan’s control. Such factors include, among other things: risks and

uncertainties relating to whether exploration activities of the Company’s properties will result in commercially viable quantities

of mineralized materials; the possibility of changes to project parameters as plans continue to be refined; the ability to execute

planned exploration and future drilling programs; the ability to obtain qualified workers, financing, permits, approvals, and

equipment in a timely manner or at all and on reasonable terms; changes in the commodity and securities markets; non-

performance by contractual counterparties; and general business and economic conditions, Accordingly, actual and future

events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or

implied in the forward-looking information. Although Leviathan has attempted to identify important risks and factors that could

cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be

other factors and risks that cause actions, events or results not to be as anticipated, estimated or intended. Consequently,

undue reliance should not be placed on such forward-looking statements. In addition, all forward- looking statements in this

press release are given as of the date hereof. Leviathan disclaims any intention or obligation to update or revise any forward-

looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by

applicable securities laws. The forward-looking statements contained herein are expressly qualified by this disclaimer.