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Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF Newrange Announces Non-Brokered Financing

Financings

510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200

Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF

Newrange Announces Non-Brokered Financing

VANCOUVER, BRITISH COLUMBIA, August 2, 2022 (TSXV: NRG, US: NRGOF, Frankfurt: X6C) –

Newrange Gold Corp. ("Newrange" or the “Company") announces a non-brokered private placement

of up to 10,000,000 units (the "Units") at $0.03 per Unit to raise gross proceeds of up to $300,000.

Each Unit sha ll consist of one common share (“Share”) in the capital of the Company and one share

purchase warrant ("Warrant"), whereby each Warrant shall be convertible into an additional Share at an

exercise price of $0.05 for a period of 24 months from the date of issuance.

The net proceeds raised from the Offering will be used for general working capital , including final due

diligence on a potential acquisition.

All securities to be issued will be subject to a four -month hold period from the date of issua nce and

subject to TSX Venture Exchange approval . The securities offer ed have not been registered under

the United States Securities Act of 1933 , as amended, and may not b e offered or sold in the United

States absent registration or an applicable exemption from the registration requirements.

About Newrange Gold Corp.

Newrange is focused on district-scale exploration for precious metals in the prolific Red Lake District of

northwestern Ontario. The past-producing high-grade Argosy Go ld Mine is open to depth, while the

adjacent North Birch Pro ject offers additional blue-sky potential. Focused on developing shareholder

value through exploratio n and development of key projec ts, the Co mpany is committed to building

sustainable value for all s takeholders. Further in formation can be found on our w ebsite at

www.newrangegold.com.

Signed: “Robert Archer”

President & CEO

FOR FURTHER INFORMATION CONTACT:

Sharon Fleming Dave Cross

Corporate Communications Chief Financial Officer and Corporate Secretary

Phone: 760-898-9129 Phone: 604-669-0868

Email: [email protected] Email: [email protected]

510 - 580 Hornby Street, Vancouver, BC V6C 3B6 - Tel. (604) 669 - 0868 Fax (604) 558 - 4200

Where Exploration Intersects Discovery TSXV: NRG OTCQB: NRGOF

Website: www.newrangegold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts

responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement:

Some of the statements in this news release contain forw ard-looking information that involves inherent risk and uncertainty affecting the

business of Newrange Gold Corp. Actual results may differ materially from those currently anticipated in such statements.