Leviathan Gold Update on Proposed Transaction

Leviathan Gold Update on Proposed Transaction

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.

VANCOUVER, British Columbia, July 16, 2025 – Leviathan Gold Ltd. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF

– OTC, 0GP – FSE) wishes to provide an update with respect to the previously announced proposed acquisition (the

“Proposed Transaction”) of all of the issued and outstanding securities of Cura Exploration Botswana Corp. (“Privco”).

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 Privco 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United

States. The 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 and may not be offered or sold within the United States unless

registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is

available.

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, permit s,

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.