Beauce Gold Fields Closes Private Placement to Fund Exploration and Corporate Purposes

MONTREAL, Quebec — October 2, 2026 — Leads & Copy — Beauce Gold Fields (TSX Venture: BGF) announced it is closing a non-brokered private placement to raise $168,000.00 through the sale of 5,600,000 units at $0.03 per unit. Each unit consists of one common share and one common share purchase warrant. The warrants will allow the holder to purchase an additional common share at $0.07 for a period of 24 months following the closing of the placement.

The securities issued under this placement are subject to a four-month-and-one-day hold period, in accordance with Canadian securities laws. The placement requires standard regulatory approvals, including the approval of the TSX Venture Exchange.

Proceeds from the placement will be allocated to two primary areas: financing exploration activities and general corporate purposes. In connection with the placement, the company will also issue 160,000 warrants to agents, who will have the right to purchase common shares at $0.07 for 24 months. Shares issued upon the exercise of these warrants will also be subject to a four-month-and-one-day hold period from the placement's closing date.

The company plans to utilize the funds raised for general working capital and for the exploration of its gold and phosphate properties. Specific to the allocation of proceeds, no more than 10 percent can be directed towards investor relations activities. Additionally, no funds will be used for payments to non-arm's-length parties of the company or to individuals conducting investor relations activities.

Beauce Gold Fields is actively exploring the Saint-Simon-les-Mines paleoplacer channel, which is recognized as the core of Canada's inaugural gold rush district. Historical mining operations from the 1860s to the 1960s yielded substantial amounts of coarse gold, including significant nuggets. The company's geological model indicates that gold mineralization is concentrated within basal gravel horizons, saprolitic bedrock, and fractured bedrock traps along the paleovalley floor.

The current exploration program is guided by an updated technical assessment of the Saint-Simon-les-Mines paleoplacer channel. This assessment estimated an Exploration Target ranging from 4,004,674 to 5,991,229 cubic metres, with an estimated grade between 2.02 g Au/m³ and 12.0 g Au/m³.

This Exploration Target is based on the interpretation of historical drilling data, geological modeling of the Gilbert River paleovalley, polygonal volumetric calculations, and an evaluation of auriferous saprolite and basal sedimentary units. These technical aspects were completed by Jean Bernard, P.Geo., an independent Qualified Person under National Instrument 43-101, who has reviewed and approved the technical content of this release. It is important to note that the potential quantity and grade of the Exploration Target are conceptual in nature. Insufficient exploration has been conducted to define a mineral resource, and it remains uncertain whether further exploration will lead to the delineation of a mineral resource.

Beauce Gold Fields is focused on exploring and developing the historic placer gold district in the Beauce region of southern Quebec. The company aims to trace historical placer gold workings back to their potential bedrock sources and evaluate the potential for economic lode-gold mineralization. The Saint-Simon-les-Mines gold project, the company's flagship property, is historically significant as the site of Canada's first gold rush, predating the Yukon Klondike. The Beauce region was home to major historical placer gold operations from the 1860s through the 1960s, producing some of the largest gold nuggets ever recorded in Canadian mining history, with some exceeding 50 ounces.

The company continues to investigate antiform structures within the region, which Beauce Gold Fields believes may have contributed gold to the extensive placer deposits. Their geological model is assessing whether structural traps associated with antiform folding and saddle-reef-style quartz mineralization could represent potential bedrock sources for the gold found in the historical Beauce paleoplacer system.