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ONYX.V ·

Onyx Gold Begins Trading on the OTCQX Under the Symbol ONXGF

Listings & Exchange

Onyx Gold Begins Trading on the OTCQX

Under the Symbol ONXGF

Vancouver, British Columbia--(Newsfile Corp. - September 20, 2023) - Onyx Gold Corp. (TSXV: ONYX)

(OTCQX: ONXGF) ("Onyx") or ("the Company"), a newly created Canadian mineral exploration

company, has qualified to trade on the OTCQX® Best Market. Onyx Gold Corp. upgraded to OTCQX

from the Pink® market.

Onyx Gold Corp. begins trading today on OTCQX under the symbol "ONXGF."

U.S. investors can find

current financial disclosure and Real-Time Level 2 quotes for the Company on

www.otcmarkets.com

.

"We are very pleased to begin trading on the OTCQX," said Brock Colterjohn, President & CEO, "This

is a great platform to introduce Onyx Gold to a broad pool of US investors.

We believe that Onyx

provides investors exposure to discovery opportunities in an exciting emerging mining district in Yukon

Territory, Canada and to Timmins Ontario, one of Canada's most prolific gold districts."

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent

trading for their U.S. investors.

For companies listed on a qualified international exchange, streamlined

market standards enable them to utilize their home market reporting to make their information available

in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice

corporate governance and demonstrate compliance with applicable securities laws.

Berns & Berns, Counsellors at Law acted as the Company's OTCQX sponsor.

About Onyx Gold

Onyx Gold is an exploration company focused on well-established Canadian mining jurisdictions, with

assets in Timmins, Ontario, and Yukon Territory. The Company's extensive portfolio of quality gold

projects in the greater Timmins gold camp includes the Munro-Croesus Gold property, renowned for its

high-grade mineralization, plus two additional earlier-stage large exploration properties, Golden Mile

and Timmins South.

Onyx Gold also controls four properties in the Selwyn Basin area of Yukon Territory, which is currently

gaining significance due to Snowline's recent discoveries in the area.

Onyx Gold's experienced board and senior management team are committed to creating shareholder

value through the discovery process, careful allocation of capital, and environmentally/socially

responsible mineral exploration.

About OTC Markets Group Inc.

OTC Markets Group Inc.

operates regulated markets for trading 12,000 U.S. and international securities.

Our data-driven disclosure standards form the foundation of our three public markets: OTCQX

®

Best

Market, OTCQB

®

Venture Market and Pink

®

Open Market.

Our OTC Link

®

Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-

dealers rely on to facilitate trading.

Our innovative model offers companies more efficient access to the

U.S. financial markets.

On Behalf of Onyx Gold Corp.

"

Brock Colterjohn

"

President & CEO

For further information, please visit the Onyx Gold Corp. website at

www.onyxgold.com

or contact:

Brock Colterjohn, President & CEO

or

Nicole Hoeller, VP of Corporate Communications

Phone:

1-604-629-1165

or North American toll-free

1-855-629-1165

Email:

[email protected]

or

[email protected]

.

Website:

www.onyxgold.com

Twitter :

@OnyxGoldCorp

Neither 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.

Forward-looking information: This news release includes certain "forward-looking information" within

the meaning of Canadian securities legislation and "forward-looking statements" within the meaning

of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward-looking

statements").

Forward-looking statements include predictions, projections, and forecasts and are often, but not

always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate",

"forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements

that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar

expressions and includes the negatives thereof. All statements other than statements of historical fact

included in this release, including, without limitation, statements regarding the Company's planned

exploration programs and drill programs and potential significance of results are forward-looking

statements that involve various risks and uncertainties. There can be no assurance that such

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

those anticipated in such statements. Forward-looking statements are based on a number of material

factors and assumptions. Important factors that could cause actual results to differ materially from

Company's expectations include actual exploration results, changes in project parameters as plans

continue to be refined, results of future resource estimates, future metal prices, availability of capital,

and financing on acceptable terms, general economic, market or business conditions, uninsured

risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a

timely basis, accidents or equipment breakdowns, delays in receiving government approvals,

unanticipated environmental impacts on operations and costs to remedy same, and other exploration

or other risks detailed herein and from time to time in the filings made by the Company with securities

regulators. Although the Company has attempted to identify important factors that could cause actual

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

other factors that cause such actions, events, or results to differ materially from those anticipated.

There can be no assurance that forward-looking statements will prove to be accurate, and accordingly

readers are cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/181193