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SPA.V ·

Spanish Mountain Gold Commences Trading on the Frankfurt Stock Exchange

Listings & Exchange

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910-1111 Melville Street

Vancouver, British Columbia, V6E 3V6

Tel: 604.601.3651

Spanish Mountain Gold Commences Trading

on the Frankfurt Stock Exchange

Vancouver, B.C. , May 3, 202 4 - Spanish Mountain Gold Ltd. (the " Company" or " Spanish

Mountain Gold") (TSX-V: SPA | FSE: S3Y) is pleased to announce the listing and trading of its

common shares on the Frankfurt Stock Exchange (“FSE”) under the symbol “S3Y”.

Peter Mah, Spanish Mountain Gold's President, CEO and Director comments, “We are pleased to

announce the t rading of our shares on the Frankfurt Stock Exchange . Th is an important

component of the Company’s strategy towards increasing its global visibility and liquidity with

improved accessibility for European investors.”

About the Frankfurt Stock Exchange

The Frankfurt Stock Exchange is one of the world’s largest international trading centres for

securities with traditionally active investment in junior gold stocks. Deutsche Börse AG operates

the Frankfurt Stock Exchange, an entity under public law, and ensures the functioning of exchange

trading.

More information at https://www.boerse-frankfurt.de/en.

About Spanish Mountain Gold Ltd.

Spanish Mountain Gold is advancing its 100% owned Spanish Mountain Gold project towards

construction of the next gold mine in the Cariboo Gold Corridor, British Columbia. Our immediate

focus is to conduct an integrated Whittle Enterprise Optimization to identify the highest potential

value-add improvements while increasing the understanding of the high-grade geologic controls

and associated drill targets that could upgrade and expand the gold resource. We are striving to

be a leader in community and indigen ous relations by leveraging technology and innovation to

build the 'greenest' gold mine in Canada . The Relentless Pursuit for Better Gold means seeking

new ways to achieve optimal financial outcomes that are safer, minimizes environmental impacts

and creates meaningful sustainability for communities. Details on the Company are available on

www.sedarplus.ca and on the Company's website: www.spanishmountaingold.com.

On Behalf of the Board,

“Peter Mah”

President, Chief Executive Officer and Director

Spanish Mountain Gold Ltd.

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For more information, contact:

Investor Relations, Peter Mah

(604) 601-3651

[email protected]

Neither 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.

FORWARD LOOKING STATEMENTS:

Certain of the statements and information in this press release constitute "forward -looking statements" or

"forward-looking information" Any statements or information that express or involve discussions with

respect to predictions, expectations, beliefs, p lans, projections, objectives, assumptions or future events or

performance (often, but not always, using words or phrases such as "expects", "anticipates", "believes",

"plans", "estimates", "intends", "targets", "goals", "forecasts", "objectives", "potenti al" or variations

thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken,

occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of

historical fact and may be forward -looking statements or information. The Company's forward -looking

statements and information are based on the assumptions, beliefs, expectations and opinions of

management as of the date of this press release, and other than as required by a pplicable securities laws,

the Company does not assume any obligation to update forward -looking statements and information if

circumstances or management's assumptions, beliefs, expectations or opinions should change, or changes

in any other events affecti ng such statements or information. For the reasons set forth above, investors

should not place undue reliance on forward looking statements and information.