Bulgold Announces Filing of Third Quarter Financial Results FOR NINE Months

BULGOLD ANNOUNCES FILING OF THIRD QUARTER FINANCIAL RESULTS FOR NINE MONTHS

ENDED SEPTEMBER 30, 2023

Toronto, ON. November 23, 2023 – BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased

to announce that it has filed its unaudited condensed interim financial statements for the third quarter ended

September 30, 2023.

About BULGOLD Inc.

BULGOLD is a gold exploration company focused on the exploration and development of mineral exploration

projects in southeastern Bulgaria. The Company controls 100% of two quality quartz-adularia epithermal gold

projects located in the Bulgarian portion of the Western Tethyan Belt: the Kutel Gold Project and the Kostilkovo

Gold Project. Management of the Company believes that its assets show potential for high-grade, good-metallurgy,

low-sulfidation epithermal gold mineralisation. The Company also holds an option to acquire a 100% interest in the

Lutila exploration licence located in central Slovakia which is prospective for low-sulfidation epithermal gold

mineralisation.

BULGOLD’s issued and outstanding share capital totals 27,597,928 common shares, of which approximately

39.5% is held by Founders, Directors and Management.

Additional information about the Company is available on BULGOLD’s website ( www.BULGOLD.com) and on

SEDAR+ (www.sedarplus.ca).

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.

Cautionary Statement Regarding Forward-Looking Information

This press release contains forward -looking statements and forward -looking information within the meaning of

applicable securities laws. These statements relate to future events or future performance and include statements

regarding the exploration plans of the Company and the timing thereof. All statements other than statements of

historical fact may be forward-looking statements or information. The forward-looking statements and information are

based on certain key expectations and assumptions made by management of the Company. Although management

of the Company believes that the expectations and assumptions on which such forward-looking statements and

information are based are reasonable, undue reliance should not be placed on the forward-looking statements and

information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current

expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on

such statements and information may not be appropriate for other purposes, such as making investment decisions.

Since forward-looking statements and information address future events and conditions, by their very nature they

involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a

number of factors and risks, including the inherent uncertainty of mineral exploration; risks related to title to mineral

properties; and credit, market, currency, operational, commodity, geopolitical, liquidity and funding risks generally,

including changes in economic conditions, interest rates or tax rates and general market and economic conditions.

Accordingly, readers should not place undue reliance on the forward-looking statements and information contained

in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking

statements and information contained in this press release are made as of the date hereof and no undertaking is

given to update publicly or revise any forward -looking statements or information, whether as a result of new

information, future events or otherwise, unless so required by applicable securities laws. The forward-looking

statements and information contained in this press release are expressly qualified by this cautionary statement.

For further information, please contact:

BULGOLD Inc.

Sean Hasson, President and Chief Executive Officer

Telephone: +359 2 989 2361

Email: [email protected]

Website: www.BULGOLD.com