1911 Gold closes $35,650,000 bought-deal financing

Canada NewsWire VANCOUVER, BC , July 29, 2026 /CNW/ -- 1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) (OTCQX: AUMBF) (FRA: 2KY) is pleased to announce that it has closed its previously announced bought deal financing consisting of (i) 7,812,501 units (the " Units ") of the Company at a price of $0.64 per Unit; (ii) 27,307,337 "Canadian development expenses" flow-through units of the Company (the " CDE Units ") at a price of $0.793 per CDE Unit; and (iii) 11,961,810 "Canadian exploration expenses" flow-through units of the Company (the " Tranche 3 CEE Units " and together with the Units and CDE Units, the " Offered Securities ") at a price of $0.752 per Tranche 3 CEE Unit, for gross proceeds to the Company of $35,650,000 (the " Offering "), including the exercise in full by the Underwriters' (as defined below) of the over-allotment option. The Offering was underwritten on a "bought deal" basis by a syndicate of underwriters, led by Haywood Securities Inc. (" Haywood "), as lead underwriter and sole bookrunner, and including BMO Nesbitt Burns Inc., Roth Canada, Inc. and Velocity Trade Capital Ltd. (together with Haywood, the " Underwriters "). Each Unit consists of one common share of the Company (a " Common Share ") and one-half of one common share purchase warrant of the Company (each whole purchase warrant, a " Warrant ").

Each Warrant entitles the holder to acquire one common share (a " Warrant Share ") at a price per Warrant Share of $1.00, subject to customary anti-dilution adjustments, until July 29, 2028. Each CDE Unit consists of one Common Share and one-half Warrant, each issued as a "flow-through share" with respect to "Canadian development expenses" that qualify as "reaccelerated Canadian development expenses" (within the meaning of the Income Tax Act (Canada) (the " Tax Act ")). Each Tranche 3 CEE Unit consists of one Common Share and one-half Warrant, each issued as a "flow-through share" with respect to "Canadian exploration expenses" (within the meaning of the Tax Act).

The Company intends to use the proceeds of the Offering to fund ongoing exploration and development activities on its True North Gold Project, technical studies and for working capital purposes, as more particularly described in the Prospectus (as defined below). The Company filed a final short form prospectus dated July 23, 2026 (the " Prospectus ") in each of the provinces of Canada (other than Québec), pursuant to National Instrument 44-101 – Short Form Prospectus Distributions to qualify the distribution of the Offered Securities pursuant to the Offering. Copies of the Prospectus and documents incorporated by reference therein are available electronically on SEDAR+ ( www.sedarplus.ca ) under 1911 Gold's issuer profile.

In consideration for their services, the Company has paid the Underwriters a cash commission of $2,139,000, being 6.0% of the gross proceeds from the Offering, and issued to the Underwriters 2,824,898 non-transferable compensation options (the " Compensation Options "), being 6.0% of the aggregate number of Offered Securities sold under the Offering. Each Compensation Option is exercisable to acquire one common share of the Company at a price of C$0.64 per share until July 29, 2028. The Offering is subject to final acceptance by the TSX Venture Exchange (the " TSXV ").