Newrange Gold Corp. announced a non-brokered private placement of up to 4,000,000 units at a price of CAD 0.09 per unit for gross proceeds of CAD 360,000 and 20,000,000 units at an issue price of CAD 0.18 per unit for proceeds of CAD 3,600,000 for aggregate gross proceeds of CAD 3,960,000 on March 6, 2023. Each unit comprising one common share and one share purchase warrant, whereby each warrant shall be convertible into an additional share at an exercise price of CAD 0.12 for a period of 36 months from the date of issuance.

Each unit comprising one common share and one half of one share purchase warrant, whereby each warrant shall be convertible into an additional share at an exercise price of CAD 0.27 for a period of 24 months from the date of issuance. Finder's fees may be payable. The placement is anticipated to close on or about March 31, 2023.

All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.