BULGOLD Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately $1 Million

Core Viewpoint - BULGOLD Inc. has successfully closed a non-brokered private placement, raising approximately $1,076,720 through the sale of 21,534,407 common shares at a price of $0.05 per share [1] Group 1: Offering Details - The Offering generated gross proceeds of approximately $1,076,720 from the sale of 21,534,407 common shares at an issue price of $0.05 per share [1] - Finders received a cash fee of $7,700 and 154,000 finder's warrants, each allowing the purchase of one additional common share at an exercise price of $0.07 until January 9, 2027 [2] - Management subscribed for $138,567 of the Offering, which is considered a related party transaction under MI 61-101 [3] Group 2: Use of Proceeds - The proceeds from the Offering will be utilized for exploration and general corporate purposes [4] Group 3: Company Overview - BULGOLD Inc. is a gold exploration company focused on mineral exploration projects in Central and Eastern Europe, controlling three quartz-adularia epithermal gold projects in Bulgaria and Slovakia [6] - As of July 10, 2025, BULGOLD had 49,132,335 issued and outstanding shares, with approximately 28.3% held by Founders, Directors, and Management [7]