Relevant Gold Announces Initial Closing of Strategic Financing

About this update from Relevant Gold Corp.

Relevant Gold Announces Initial Closing of Strategic FinancingNot for dissemination in or into the United States or through U.S. newswiresAll dollars are Canadian unless otherwise noted VANCOUVER, BC / ACCESS Newswire / April 7, 2026 / Relevant Gold Corp. (TSXV:RGC)(OTCQB:RGCCF) (the "Company" or "Relevant Gold") is pleased to announce that the Company has closed the first tranche ("Tranche 1") of its previously announced non-brokered private placement financing (the "Offering") (see news release dated March 16, 2026), issuing 10,298,550 common shares ("Common Shares") of the Company at a price of $0.50 per Common Share for gross proceeds of $5,149,275.The Offering is being conducted in multiple tranches through a concurrent non-brokered private placement ("Concurrent Private Placement") and a listed issuer financing exemption offering (the "LIFE Offering") pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions. All securities issued in connection with the Concurrent Private Placement are subject to a four-month Canadian restricted resale period expiring on August 8, 2026, and applicable securities legislation hold periods outside of Canada.In connection with Tranche 1 of the LIFE Offering, finders' fees were paid that consisted of cash fees in the aggregate amount of $101,200.00, representing an aggregate commission of 6% of the Common Shares sold to investors introduced by the finders and an aggregate of 202,800 broker warrants (the "Broker Warrants") that equals up to 6% of the aggregate number of Common Shares sold to investors introduced by the finders. Each Broker Warrant entitles the holder to acquire one Common Share at a price of $0.50 until the date which is 12 months following the closing date.The Company expects to complete the final closing of the Offering on or about April 10, 2026 ("Tranche 2"). Strategic investors Kinross Gold Corporation and Mr. William Bollinger are anticipated to participate in Tranche 2. Each is expected to maintain their approximately 19.9% interest in the Company upon closing of Tranche 2 (see news release dated March 13, 2025). The LIFE Offering portion allows existing and new investors to participate alongside these strategic investors in the Company's next phase of exploration."We are pleased to complete Tranche 1 of the Offering with strong support from both new and existing shareholders, and w...

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