Bullfrog launches non-brokered private placement

Canada NewsWire

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BC , Sept. 15, 2026 /CNW/ -- Bullfrog Gold Corporation ("Bullfrog") (TSXV: FROG, OTCQB: BFROF ), announces a non-brokered private placement of up to 25,000,000 units with each unit consisting of one Bullfrog common share and one half-warrant, at a price of C$0.20 per unit for gross proceeds of up to C$5,000,000 (the " Offering "). Each whole warrant will be exercisable for one common share for 24 months from the date of closing at an exercise price of C$0.30 per common share.

The Offering is scheduled to close on or about September 29, 2026 and is subject to Bullfrog receiving all necessary regulatory approvals, including conditional approval from the TSX Venture Exchange (the " TSXV ") to list the common shares issuable pursuant to the Offering. All securities to be issued pursuant to the Offering will be subject to a four-month plus one day hold period from the date of closing under applicable securities laws in Canada.

The net proceeds of the Offering will be used by Bullfrog for exploration at the South Bullfrog project in Nevada, and for general working capital purposes. Up to 6% cash and 6% in non-transferable brokers' warrants exercisable for 24 months from the date of closing may be payable to eligible persons as finders' fees in connection with the Offering. The broker warrants will be exercisable at a price of C$0.20 per common share.

It is anticipated that there may be insider participation in the Offering and that such participation will constitute a related-party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101 "). Bullfrog is relying on the exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the insiders' participation does not exceed 25% of Bullfrog market capitalization. It is expected that the material change report relating to the Offering will not be filed at least 21 days before the closing of the Offering, and Bullfrog believes this to be reasonable because it will be prudent to close the Offering at the earliest possible opportunity.

SCP Resource Finance and Integrity Capital Group are acting as non-exclusive financial advisor to the Company in connection with the Offering.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.