Big Gold Inc. announced a non-brokered private placement of up to 13,000,000 non flow-through LIFE units at a price of CAD 0.035 per LIFE unit for the gross proceeds of CAD 455,000 and up to 5,000,000 flow-through shares at a price of CAD 0.04 per flow-through share for the gross proceeds of CAD 200,000; for total gross proceeds of CAD 655,000 on April 8, 2024. Each LIFE unit will be comprised of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company for a period of 18 months from the date of issuance at an exercise price of CAD 0.05 per share.

The LIFE securities issued pursuant to the offering will not be subject to any statutory hold period in accordance with applicable Canadian securities laws. In accordance with applicable Canadian securities laws, all flow-through shares issued pursuant to the private placement will be legended with a hold period of four months and one day from the date of issuance. The company may pay finder's fees comprised of cash and non-transferable warrants in connection with both Offerings, subject to compliance with the policies of the CSE.

The Offerings are scheduled to close on or about May 15, 2024 unless otherwise disclosed by the company.