FireFox Announces a Non-Brokered Private Placement

About this update from Firefox Gold Corp.

VANCOUVER, BC / ACCESS Newswire / May 15, 2026 / FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) ("FireFox" or the "Company") announces that it intends to complete a non-brokered private placement of up to 8,500,000 units (each a "Unit") at a price of $0.60 per Unit (the "Offering Price") for aggregate gross proceeds of up to $5,100,000 (the "Offering"). Each Unit is comprised of one common share (each, a "Share") and one half of one common share purchase warrant (each full warrant, a "Warrant"). Each Warrant will be exercisable for one common share (each, a "Warrant Share") at an exercise price of $0.90 (the "Exercise Price") and will expire three years from the closing date of the Offering. The Company expects to close the Offering on or about June 3, 2026, or such other date as the Company may determine (the "Closing Date"). The net proceeds of the Offering are expected to fund a significant drill program at the Mustajärvi Project, as well as a return to drilling at the Sarvi Project along with other exploration work, working capital and general corporate purposes. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange (the "TSXV"). The TSXV has not approved the Offering Price or the Exercise Price and these remain subject to change. The Shares, Warrants and Warrant Shares will be subject to a statutory hold period of four months plus one day from the Closing Date, in accordance with applicable securities legislation. In connection with the Offering, the Company anticipates paying certain arm's length parties a finder's fee in cash and warrants constituting an agreed upon percentage, based on the Units that are sold to subscribers introduced by such parties. The Company filed a price reservation Form 4A with the TSXV in respect of the Offering Price on May 13, 2026. It is expected that certain Insiders of the Company (as such term is defined under the policies of the TSXV), including certain directors, will participate in the Offering. The participation of Insiders in the Offering will constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Mi...

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