ESGold Corp. Secures C$9 Million Facility to Advance Montauban Gold-Silver Project

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) has signed a binding term sheet with Ocean Partners UK Ltd. for a Prepayment and Working Capital Facility of up to C$9 million to support completion of its Montauban Gold-Silver Project in Quebec and provide working capital. The facility will be drawn in two tranches aligned with Phase 1 and Phase 2 production timelines, with financing subject to standard conditions and due diligence. This financing arrangement represents a crucial step forward for the fully permitted, pre-production mining company as it advances toward anticipated production in 2026.

The facility will be repaid through doré deliveries under an offtake agreement that commits Ocean Partners to purchase 100% of Montauban's gold and silver output. This structured repayment mechanism provides ESGold with the capital needed to advance project development while securing a market for future production. The Montauban Project represents ESGold's flagship asset in Quebec, where the company is implementing a scalable clean mining model across North and South America. Additional information about the company's activities can be found at https://esgold.com.

Beyond the Montauban Project, ESGold is also advancing a joint venture in Colombia, validating one of South America's most prolific gold regions for tailings reprocessing and systematic exploration. The company's dual-track strategy focuses on generating cash flow from near-term production while pursuing discovery opportunities for long-term growth. This comprehensive approach positions ESGold to build a platform for clean, sustainable growth and long-term shareholder value through its diversified project portfolio. The latest news and updates relating to the company are available at https://ibn.fm/ESAUF.

The financing arrangement with Ocean Partners UK Ltd. demonstrates confidence in the Montauban Project's development timeline and production potential. As a specialized metals trading company, Ocean Partners brings significant industry expertise to the partnership, ensuring that ESGold's future gold and silver production will be efficiently marketed and sold. This strategic financing solution eliminates the need for traditional equity financing, potentially reducing shareholder dilution while providing the capital necessary to advance the project toward production. The structured nature of the facility, with disbursements tied to specific project milestones, ensures that funding aligns with development progress and operational requirements.