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on ESGold Corp (CVE:ESAU)

ESGold Corp Secures Gold and Silver Purchase Agreement with Ocean Partners

ESGold Corp has signed a definitive purchase agreement with Ocean Partners UK Ltd, a global metals trading and mine financing group. This agreement identifies Ocean Partners as the buyer of all gold and silver dore from ESGold's Montauban Project in Québec.

The agreement also grants ESGold access to a non-dilutive working capital facility of up to C$9 million, supporting its transition to production. The funding is split into two tranches, with an initial C$3 million available upon meeting specific conditions, and a second tranche of C$6 million.

ESGold is advancing mill construction and exploration at Montauban, strengthening its operational and financial stance. The agreement ensures operational flexibility and secures a buyer for the future dore production, based on LBMA and COMEX market prices while supporting liquidity with provisional payments for shipments.

R. H.

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