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DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
THE UNITED STATES
TORONTO, ON – November 20, 2023 – Signal Gold Inc. ("Signal Gold" or the "Company") (TSX: SGNL) (OTCQX:
SGNLF) is pleased to announce that it proposes to complete a non-brokered private placement to raise gross proceeds of
up to $2,000,000 (the "Offering"). The Offering will consist of up to 1,266,666 units of the Company (the "Units") at a
price of $0.15 per Unit, and up to 10,775,000 "flow-through" units of the Company (the "FT Units") at a price of $0.17
per FT Unit. Each Unit will consist of one common share in the capital of the Company (“Common Share”) and one-half
of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each FT Unit will
consist of one Common Share to be issued as a “flow-through share” as defined in subsection 66 (15) of the Income Tax
Act (Canada) and one-half of one Warrant, to be issued on a non-flow-through basis.
The Company is pleased to also announce that it has completed a first tranche of the Offering for aggregate gross proceeds
of $1,320,016, pursuant to which the Company issued 7,764,800 FT Units.
“We are pleased to have received substantial institutional interest for the Offering to support the ongoing growth
exploration at the Goldboro Project, which follows recent gold discoveries west of the Goldboro Deposit and new regional airborne surveys over our significant exploration land package which have outlined further geophysical anomalies along the Goldboro and Lower Seal Harbour trends. Some of these anomalies are in areas with little to no
previous exploration work and highlight the scale and gold camp potential of the Goldboro Gold District."
~Kevin Bullock, President and CEO, Signal Gold Inc.

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