Bulgold Announces Non-Brokered Private Placement FOR Gross Proceeds of up to $1 Million

BULGOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

FOR GROSS PROCEEDS OF UP TO $1 MILLION

Not for distribution to United States newswire services or for dissemination in the United States

Toronto, ON. June 5, 2025 – BULGOLD Inc. (TSXV: ZLTO) (the “Company” or “BULGOLD”) is pleased to

announce a non-brokered private placement (the "Offering") for gross proceeds of up to $1,000,000 from the sale

of common shares of the Company (each, a "Share") at a price of $0.05 per Share (the "Issue Price").

The Company has agreed to pay a finder’s fee to arm’s length parties for services rendered in respect of the

Offering. The finder’s fee will consist of a cash fee equal to 7.0% of the gross proceeds from the sale of Shares

sold to third parties sourced by the finders, and finder’s warrants equal in number to 7.0% of the Shares sold to

third parties sourced by the finders (the “Finder’s Warrant”). Each Finder’s Warrant will entitle the holder to acquire

one additional common share of the Company at an exercise price of $0.07 until the date which is 18 months from

the closing date of the Offering.

The Company intends to use the proceeds raised from the Offering for exploration as well as for general corporate

purposes. The Offering is scheduled to close on or about June 30, 2025 and is subject to ce rtain conditions

including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Shares will have a hold period ending on the day that is four months and one day following the closing date.

The securities described herein have not been, and will not be, registered under the United States Securities Act,

or any state securities laws, and accordingly may not be offered or sold within the United States except in

compliance with the registration requirements of the U.S. Securities Act and applicable state securities

requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a

solicitation to buy any securities in any jurisdiction.

About BULGOLD Inc.

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

projects in Central and Eastern Europe. The Company controls 100% of three quality quartz-adularia epithermal

gold projects located in the Bulgarian and Slovak portions of the Western Tethyan Belt: the Lutila Gold Project, the

Kostilkovo Gold Project and the Kutel Gold Project. Management of the Company believes that its assets show

potential for high-grade, good-metallurgy, low-sulfidation epithermal gold mineralisation.

On March 31, 2025, BULGOLD’s issued and outstanding shares were 27,597,928 of which approximately 40.3%

were 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

relating to the use of proceeds of the Offering and the timing for closing of the Offering. 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: +359 887 560 545

Email: [email protected]

Website: www.BULGOLD.com