BISHOPSGATE, LONDON / ACCESSWIRE / October 25, 2023 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) is pleased to provide an update regarding the Company's activities and ongoing initiatives following the merger with Cornerstone Capital Resources Inc. ("Cornerstone") consolidating 100% of the world-class Cascabel Project.

Key Milestones & Initiatives

Strategic Review Progressing - Focused on Value Maximization
- Discussions ongoing with highly credible groups at different stages of their review

- Over 20 active CAs in place with over 5 site visits already conducted

Secured Funding to Ensure Strong Balance Sheet
- US$86 million raised through the 2022 royalty investment by Osisko Gold Royalties Ltd and equity financing, which included Jiangxi Copper Company Limited

- Work plans funded for FY 2024 - no additional financing required in the near-term

Key Management Alignment with Shareholders
- Scott Caldwell and Chris Stackhouse appointed as CEO and CFO, respectively

- Low annual base salary of US$200,000 for the CEO and CFO; equity compensation tied to higher share prices to be "in-the-money" ensuring full alignment with shareholders

- Meaningful personal investments by management in SolGold shares

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