Star Metro - Relevant Gold Secures $2.89M in Warrant Proceeds as Kinross, Bollinger, and Management Reaffirm Strategic Support

Management exercised 12,000,000 founder warrants at $0.13 per share which were issued on the formation of the Company, while Kinross and Bollinger exercised a combined 3,799,102 warrants at $0.35 per share. The warrant conversion reflects strong strategic alignment and long-term conviction in the Company's vision, technical approach, and asset base.

"This funding is a clear endorsement from both our strategic investors and leadership team in the strength of Relevant Gold's vision and our ability to execute," said Relevant Gold CEO Rob Bergmann. "The continued support from Kinross and Mr. Bollinger not only validates the scale and potential of our Wyoming portfolio but also underscores the confidence in our team's exploration model. With an aligned shareholder base, a clean capital structure, and a fortified balance sheet, we are well-positioned to accelerate exploration and unlock the next wave of discovery across our emerging gold districts."

Proceeds from the warrant exercises will directly support:

• Expanded airborne geophysics across the Company's project portfolio to advance regional target development.

• Geochemical sampling of 2022-2024 drill core from the Golden Buffalo and Lewiston Projects.

• Continued exploration advancement at South Pass and Bradley Peak gold camps.

• Increasing market awareness.

The financing also simplifies the Company's capital structure, enhances financial flexibility, and significantly strengthens working capital as Relevant Gold enters a pivotal growth phase. As a result, only 7,787,788 warrants remain outstanding (at an exercise price of $0.35), substantially reducing the prior overhang. The Company's updated capital structure is as follows:

About Relevant Gold Corp.

Relevant Gold Corp. is a North American gold exploration company founded by experienced exploration geologists and operated by a highly respected team with a proven record of significant value creation for shareholders. Relevant Gold is focused on the acquisition, exploration, discovery, and development of district-scale gold projects in the state of Wyoming - one of the most mining-friendly jurisdictions in the United States and globally.

On behalf of Relevant Gold Corp.,

Rob Bergmann, Chief Executive Officer

More information

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information about Relevant Gold Corp. or this news release, please visit our website at www.relevantgoldcorp.com or contact Rob Bergmann, President and CEO, or Kristopher Jensen, Manager of Investor Relations, at 763-760-4886 or by email at [email protected].

Cautionary Note Regarding Forward-Looking Statements and Historical Information

This news release contains certain statements that constitute forward-looking information within the meaning of applicable securities laws. These statements relate to future events of Relevant Gold Corp. ("Relevant" or "Relevant Gold" or "the Company"). Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "forecast", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "outlook" and similar expressions) are not statements of historical fact and may be forward looking information. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking information. Such risks include, among others, the inherent risk of the mining industry; adverse economic and market developments; the risk that the Company will not be successful in completing additional acquisitions; risks relating to the estimation of mineral resources; the possibility that the Company's estimated burn rate may be higher than anticipated; risks of unexpected cost increases; risks of labour shortages; risks relating to exploration and development activities; risks relating to future prices of mineral resources; risks related to work site accidents, risks related to geological uncertainties and variations; risks related to government and community support of the company's projects; risks related to global pandemics and other risks related to the mining industry. The Company believes that the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward‐looking information should not be unduly relied upon. These statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update any forward‐looking information except as required by law. This document does not constitute an offer to sell, or a solicitation of an offer to buy, securities of the Company in Canada, the United States or any other jurisdiction. Any such offer to sell or solicitation of an offer to buy the securities described herein will be made only pursuant to subscription documentation between the Company and prospective purchasers. Any such offering will be made in reliance upon exemptions from the prospectus and registration requirements under applicable securities laws, pursuant to a subscription agreement to be entered into by the Company and prospective investors.

The scientific and technical contents of this release have been approved by Mr. Brian C. Lentz, CPG #11999, Chief Exploration Officer of the Company, who is a "Qualified Person" as defined by Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Lentz is not independent of the Company.

SOURCE: Relevant Gold Corp.

View the original press release on ACCESS Newswire

Ch.Levesque--SMC