Onyx Gold Expands Argus North Discovery Footprint - 208 m of 2.3 g/t Au, Including 25 m of 5.2 g/t AuBest Intersection to Date from Argus NorthNovember 17, 2025 2:36 AM EST | Source: Onyx Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 17, 2025) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to report another strong drill intercept from the Argus North Zone ("Argus North") as part of the Company's ongoing drill program (the "Program") at it ...

Onyx Gold Commences 50,000 m Phase Three Drill Program and adds Third Rig at the Munro-Croesus Gold Project, OntarioNovember 13, 2025 9:35 AM EST | Source: Onyx Gold Corp.Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx" or the "Company") is pleased to announce a fully-funded 50,000-meter ("m") phase three expansion to the diamond drill program (the "Program") at its 100%-owned Munro-Croesus Project ("Munro-Croesus" or the " ...

Core Insights - Onyx Gold Corp. has reported additional drill results from its ongoing 25,000 metre drill program at the Munro-Croesus Project, indicating significant expansion of gold mineralization at the Argus North Zone [2][4][5] Group 1: Drill Results - Recent drilling at Argus North has shown wide and consistent gold mineralization, with notable results including 99.5 meters grading 1.5 grams per tonne (g/t) Au, and 71.0 meters grading 1.3 g/t Au [6][14] - The number of intersections exceeding 100-gram x meters has increased to seven, demonstrating excellent continuity of mineralization [6][15] - The Argus North Zone remains open along strike, down-dip, and down-plunge, indicating further potential for expansion [15] Group 2: Geological Context - Gold mineralization at Argus North is characterized by broad zones of +1 g/t Au mineralization, with high-grade intercepts such as 17.0 meters grading 5.3 g/t Au and 18.7 meters grading 5.2 g/t Au [8][9] - The geological setting includes strong albitization and silicification, with mineralization closely associated with pyritic stringers and localized porphyritic intrusions [9][10] Group 3: Project Overview - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 109 km² of highly prospective geology [23][24] - The project includes the past-producing Croesus Gold Mine, known for high-grade gold production, and has seen extensive land consolidation to enhance exploration potential [23][25] Group 4: Future Plans - Onyx Gold has completed 70 drill holes, representing approximately 88% of its drill program, and is evaluating results to finalize plans for a potential program expansion [6][15] - Details regarding the potential expansion of the drilling program are expected to be announced in the coming weeks [6][15]

Core Viewpoint - Onyx Gold Corp. has successfully closed a non-brokered private placement, raising $6.4 million, which contributes to a total of $26.4 million raised through recent financing efforts [1][2]. Financing Details - The non-brokered private placement involved the issuance of 2,650,000 common shares at a price of $2.43 per share, resulting in gross proceeds of $6,439,500 [2]. - The total aggregate proceeds raised by the company, including a previously completed bought deal private placement, amount to approximately $26,440,000 [1]. Use of Proceeds - The proceeds from the sale of the flow-through shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Ontario, with a deadline for incurring these expenses set for December 31, 2026 [3]. - The company plans to renounce all qualifying expenditures in favor of the subscribers of the flow-through shares effective December 31, 2025 [3]. Regulatory Compliance - The flow-through shares were offered under applicable exemptions from prospectus requirements and will be subject to a hold period of four months and one day from the date of issuance [4]. Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [6][7]. - The company's portfolio includes high-grade mineralization properties and additional earlier-stage exploration properties, indicating a commitment to creating shareholder value through responsible mineral exploration [6][7].

Core Insights - Onyx Gold Corp. has reported significant gold mineralization at its Argus North Zone, with channel samples showing grades up to 5.0 g/t Au over 4.0 m and drill results indicating potential for a near-surface, road-accessible gold discovery [1][2][6] Group 1: Exploration Results - The ongoing 25,000 metre drill program at the Munro-Croesus Project has revealed a significant zone of gold mineralization right at the surface, located just 2 km off Highway 101 [2][4] - Recent drill holes have shown promising results, including 60.8 m grading 1.2 g/t Au in MC25-200 and 37.8 m grading 1.8 g/t Au in MC25-202, with notable high-grade intervals [5][8] - The Argus North Zone has demonstrated excellent vertical continuity of mineralization, traced from surface to over 350 meters depth, with the system remaining open along strike and down-dip [9][10] Group 2: Financial Position and Future Plans - Onyx Gold has recently closed a $20 million bought-deal financing and is set to close an additional $6.4 million non-brokered financing, positioning the company well for continued exploration through 2026 [6][27] - The company has completed 64 drill holes, with assays announced for 18 holes to date, completing approximately 20,000 m (80%) of the expanded drill program [12][26] Group 3: Geological Context - The Munro-Croesus Project is located in the Abitibi greenstone belt, a premier gold mining jurisdiction in Canada, covering 109 km² of highly prospective geology [26][27] - The project includes the past-producing Croesus Gold Mine, known for yielding some of the highest-grade gold in Ontario, enhancing its exploration potential [25][26]

Core Points - Onyx Gold Corp. has announced an upsize in its non-brokered private placement to approximately $6.4 million at a price of $2.43 per share, involving strategic investors [1][2] - The total proceeds from recent financings, including a previously closed $20 million bought deal, are expected to reach approximately $26.4 million, enhancing the company's financial flexibility for exploration programs [1][2] Non-Brokered Private Placement - The Non-Brokered Private Placement will consist of the sale and issuance of 2,650,000 common shares, qualifying as "flow-through shares," for aggregate gross proceeds of $6,445,000 [2] - The proceeds will be used to incur qualifying expenditures related to the company's projects in Ontario, with a deadline for incurring these expenditures set for December 31, 2026 [3] Closing and Conditions - The Non-Brokered Private Placement is expected to close on or about October 15, 2025, subject to certain conditions, including approval from the TSX Venture Exchange [4] Securities Regulations - The NB FT Shares will be offered under applicable exemptions from prospectus requirements and will be subject to a hold period of four months and one day from the date of issuance [5] Company Overview - Onyx Gold is focused on exploration in established Canadian mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [7][8] - The company's portfolio includes the high-grade Munro-Croesus Gold property and other exploration properties, indicating a strong position in the gold mining sector [7]

Core Points - Onyx Gold Corp. has successfully closed a "bought deal" private placement, raising total gross proceeds of approximately $20 million through the issuance of flow-through shares and non-flow-through common shares [1][3][4] Group 1: Offering Details - The private placement consisted of 4,740,000 flow-through shares priced at $2.11 each, generating gross proceeds of $10,001,400, and 6,665,733 non-flow-through shares priced at $1.50 each, generating gross proceeds of $9,998,599.50 [1] - The offering was led by Cormark Securities Inc. and Canaccord Genuity Corp. as part of a syndicate of underwriters [2] - The underwriters were granted an option to increase the offering size by up to $2 million, which was fully exercised, resulting in an additional 1,333,333 non-flow-through shares issued for gross proceeds of $1,999,999.50 [3] Group 2: Use of Proceeds - The proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the company's projects in Ontario, with a commitment to renounce these expenditures to subscribers by December 31, 2025 [5] - The net proceeds from the non-flow-through shares will be allocated for exploration of mineral properties and general corporate purposes [6] Group 3: Regulatory Compliance - The shares were offered for sale to purchasers in all provinces of Canada under the Listed Issuer Financing Exemption, and will not be subject to a hold period under applicable Canadian securities laws [7]

Core Viewpoint - Onyx Gold Corp. has announced an increase in its brokered financing to $18 million and a concurrent non-brokered financing of $5.6 million, aimed at raising a total of approximately $23.6 million for its projects [2][3]. Financing Details - The brokered financing, originally set at $15 million, has been upsized by $3 million, resulting in gross proceeds of $18 million [2]. - The non-brokered private placement is priced at $2.43 per share, expected to generate approximately $5.6 million [3][11]. - If the underwriters' option is fully exercised, total gross proceeds could reach approximately $25.6 million [3]. Offering Structure - The offering will include the issuance of 4,740,000 flow-through shares at $2.11 each, generating $10,001,400, and 5,332,400 common shares at $1.50 each, generating $7,998,600 [4]. - An option has been granted to underwriters to increase the offering by up to $2 million [5]. Use of Proceeds - Proceeds from the flow-through shares will be used for eligible Canadian exploration expenses related to the company's projects in Ontario, to be incurred by December 31, 2026 [6]. - Net proceeds from the common shares will be allocated for exploration of mineral properties and general corporate purposes [7]. Closing and Regulatory Approval - The offering is expected to close around October 2, 2025, subject to regulatory approvals [8][13]. - The shares will be offered under applicable exemptions from prospectus requirements and will not be subject to a hold period under Canadian securities laws [9][14]. Company Overview - Onyx Gold Corp. is focused on mineral exploration in established mining jurisdictions, with significant assets in Timmins, Ontario, and Yukon Territory [16][17]. - The company holds a 100% interest in a portfolio exceeding 443 km² across three projects in Timmins, all accessible year-round [16].

Core Insights - Onyx Gold Corp. has reported significant drill results from its Munro-Croesus Project, confirming the vertical and lateral extensions of the Argus North Zone, indicating a large-scale and continuous gold mineralization system [1][6][24] Drilling Results - The latest drilling results include 91.0 meters grading 1.1 g/t Au and 103.4 meters grading 1.1 g/t Au in drill hole MC25-177, contributing to a cumulative mineralization thickness of 194.4 meters [5][11] - Additional notable results include 139.1 meters grading 0.8 g/t Au in drill hole MC25-181 and 9.8 meters grading 2.9 g/t Au in drill hole MC25-174 [5][12] - The drilling program has completed 48 holes, with assays announced for 15 holes, covering approximately 15,000 meters, which is 60% of the planned 25,000-meter program [5][12] Project Overview - The Munro-Croesus Project is strategically located along Highway 101 in the Abitibi greenstone belt, a prominent gold mining region in Canada, and includes the historically significant Croesus Gold Mine [24][25] - The project area covers 109 km² of highly prospective geology, with significant nearby gold deposits enhancing its exploration potential [24][25] Future Plans - The Argus North Zone remains open along strike, down-dip, and down-plunge, with ongoing plans for step-out drilling to further extend the known gold mineralization [6][10][11] - The company is fully funded for its 2025 exploration programs with approximately $10 million in cash [5][12]

Core Viewpoint - Onyx Gold Corp. is expanding its land holdings in the Munro-Croesus Project through strategic acquisitions, enhancing its position as a leading gold explorer in the Timmins Camp [1][2][3]. Group 1: Strategic Acquisitions - The company has signed purchase agreements to acquire a 100% interest in the Munro Property (227 hectares) and the Hewitt Property, increasing the total project land holdings to 10,921 hectares (109 km²) [1][2][4]. - The Munro Property is strategically located within the Munro-Croesus Project and covers the northwestern extension of the Croesus Flow, which is known for hosting the historic high-grade Croesus Mine [4][5]. - The acquisition of the Hewitt Property includes gold-bearing mineralization with grab samples yielding up to 15.7 g/t Au [6][7]. Group 2: Financial Terms - The total consideration for the Munro Property is $300,000, payable in two staged cash payments over 12 months, subject to satisfactory due diligence [5]. - For the Hewitt Property, the company will pay $20,000 and issue 75,000 common shares, along with a 1.0% net smelter returns royalty to the vendor [7]. Group 3: Future Exploration Plans - The acquisitions are expected to unlock additional high-impact drill targets for future exploration, particularly along the Croesus Flow [3][4]. - The Munro-Croesus Project is located in a highly prospective geological area, with significant nearby bulk-tonnage gold deposits [16]. Group 4: Company Overview - Onyx Gold is focused on exploration in well-established Canadian mining jurisdictions, with a portfolio that includes the Munro-Croesus Gold property and other exploration properties in Timmins and Yukon Territory [17][18].