Opus One Gold Corporation announced a non-brokered private placement of 25,000,000 units at issue price CAD 0.02 per unit for gross proceeds CAD 500,000 on May 8, 2024. Each unit consists of one common share of the Company and one common share purchase warrant. Each Warrant entitling the holder to acquire one Share at an exercise price of CAD 0.05 per Share for a period of 24 months following the closing of the offering.

The Units, Shares, Warrants and Warrant Shares will be subject to a four-month hold period in Canada following the closing of the offering. In connection with the Offering, the Company may pay finder?s fees and issue finder warrants to arm?s length finders, consisting of cash finder's fees of up to 5 per cent of the gross proceeds of the offering; and finder warrants in an amount equal to up to 5 per cent of the number of Units issued pursuant to the offering, exercisable at a price of CAD 0.05 per common share for a period of two years following the closing date. Closing is subject to the approval of the TSX Venture Exchange and other customary closing conditions.

There can be no assurances that the offering will be completed on the terms set out herein, or at all, or that the proceeds of the offering will be sufficient for the uses of proceeds as set out above.