1911 Gold Announces Grant of Options

Press Release

TORONTO, Aug. 28, 2023 – 1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB) (OTC: AUMBF) announces that it has granted a total of 1,710,000 options to purchase common shares of the Company to officers, directors, employees and consultants pursuant to the Company’s Share Option Plan. Such options have an exercise price of $0.10 per common share and expire on August 28, 2028. 1,460,000 options vest as to one-third immediately and one-third after the first and second anniversaries of the date of grant and the remaining 250,000 options vest as to one-half immediately and one-half after the first anniversary of the date of grant.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO
(604) 674-1293
sheinrichs@1911gold.com

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