Relevant Gold Closes First Tranche of Upsized $8.5 Million Non-Brokered Private Placement Led by Strategic Investors Kinross and Bollinger

Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) has successfully closed the first tranche of its upsized non-brokered private placement, raising a total of $8,534,199.90. The private placement was led by strategic investors Kinross Gold Corporation (NYSE:KGC)(TSX:K) and William G. Bollinger, who increased their stakes in the company to 19.9% each. The funds raised will be used to fund exploration activities at Relevant Gold's projects in Wyoming, USA, and for general working capital.

The first tranche of the private placement consisted of 4,920,000 common shares of the Company issued at a price of $0.30 per share for gross proceeds of $1,476,000. A finder's fee was paid in connection with the closing of the first tranche, consisting of a cash fee of $9,900, representing an aggregate commission of 6% of the common shares sold to investors introduced by the finder. All securities issued in connection with the first tranche of the private placement are subject to a four-month Canadian restricted resale period that expires on June 29, 2025.

The remainder of the private placement will be completed as a separate tranche following receipt of final approval from the TSX Venture Exchange for insider participation. Relevant Gold has entered into subscription agreements with Kinross and Bollinger pursuant to which Kinross has agreed to purchase 15,410,000 common shares and Bollinger has agreed to purchase 8,070,000 common shares. Upon completion of the second tranche, each of Kinross and Bollinger will hold 19.9% of the issued and outstanding common shares of the Company.

Upon completion of the second tranche, Relevant Gold will enter into an amended and restated investor rights agreement with Kinross to amend and restate the investor rights agreement entered into on July 8, 2024. The Company will also enter into an investor rights agreement with Bollinger. Each investor rights agreement will confer on the investor certain participation rights, information rights, and the right to nominate a member to the board of directors of the Company.

Relevant Gold's CEO, Rob Bergmann, expressed his pleasure with the strong support received in the financing, stating that the upsized private placement was completed at a premium to market with minimal dilution. This demonstrates confidence in Relevant Gold's team, science-driven approach, and the potential of its Wyoming gold assets. With this additional capital and strategic support from Kinross and Bollinger, Relevant Gold remains well-positioned to advance its projects and continue unlocking the district-scale potential of the American Abitibi in Wyoming.

Relevant Gold's project portfolio in Wyoming includes the Golden Buffalo, Lewiston, Shield-Carissa, Bradley Peak, and Windy Flats projects. These projects cover more than 40,000 acres across two main camps, providing Relevant Gold with a strong foundation for pursuing true district-scale gold opportunities in the region. The company's exploration activities will focus on refining drill targets, conducting regional soil surveys, and mapping and rock chip sampling to better understand the geology and mineralization of its projects.

In conclusion, Relevant Gold's successful upsized private placement, led by strategic investors Kinross and Bollinger, demonstrates the company's strong potential and the confidence of its investors in its exploration strategy and long-term value creation. With the additional capital raised, Relevant Gold is well-positioned to advance its projects and continue unlocking the district-scale potential of the American Abitibi in Wyoming.