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ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Explores Government Support as Montauban Project Advances Toward Production
April 29, 2025

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Explores Government Support as Montauban Project Advances Toward Production

  • ESGold Corp. is connecting with Canadian and Quebec governments for potential non-dilutive funding to support its Montauban Project.
  • The company is targeting near-term gold and silver production while focusing on sustainable mining practices.
  • ESGold plans to create 20 to 30 new direct jobs and additional contract employment through exploration activities.
  • Investment into clean technology and proprietary mining methods is a key part of the company’s growth strategy.
  • ESGold shares offer an affordable way for investors to gain exposure to gold amid historically high commodity prices.

ESGold (CSE: ESAU) (OTCQB: ESAUF) is moving closer to gold and silver production at its Montauban Project in Quebec, with the company now actively exploring funding partnerships with both provincial and federal governments. The focus of these discussions is to secure non-dilutive support that aligns with broader goals of sustainability, innovation, and regional job creation, according to a company press release (https://ibn.fm/cBRI3).

The Montauban Project covers 265 mining claims across 13,116 hectares and is fully permitted for construction. ESGold has begun developing a 500-tonne pilot plant and plans to scale up to a 1,000-tonne commercial facility, with first gold and silver production expected later this year. The company’s collaborative approach with government stakeholders reflects an effort to align with Quebec’s clean industry initiatives and Canada’s economic diversification goals.

Discussions with government entities include potential support for construction, equipment acquisition, and continued technological innovation. These partnerships, if finalized, would provide ESGold with non-dilutive capital—allowing the company to finance key growth initiatives without increasing shareholder dilution.

Job creation is central to the Montauban Project’s anticipated impact. ESGold expects to generate between 20 and 30 new direct jobs during its production phase, while exploration drilling across its land package will drive additional contract employment for drill operators, geologists, and lab technicians. By prioritizing local hiring and contractor use, the company aims to deliver tangible economic benefits to the region.

Environmental stewardship is another pillar of ESGold’s development plan. The company is investing in high-performance equipment and developing proprietary technologies designed to minimize environmental impact and optimize operational efficiency. These measures are intended to position ESGold as a participant in the broader movement toward cleaner, more responsible mining practices.

Exploration work remains an important part of ESGold’s long-term strategy. Expanding the resource base at Montauban through additional drilling could extend the life of the mine and increase production potential. In turn, this could enhance the company’s valuation and further differentiate ESGold from other junior miners seeking to move into production.

Importantly, ESGold offers investors a relatively low-cost entry point into the gold sector at a time when gold prices remain high. Unlike purchasing physical gold, which ties investors directly to current commodity prices, ESGold shares offer exposure to the potential upside of new production at a project that is fully permitted and already under construction. This structure could provide greater return potential if gold prices rise further or if ESGold successfully ramps up production in 2025.

Brad Kitchen, President of ESGold, emphasized that the company’s goal is to create lasting value for both shareholders and the communities where it operates. “By engaging in meaningful collaboration with government stakeholders, we aim to position Montauban as a model of clean resource development and economic revitalization,” Kitchen said.

For more information, visit the company’s website at www.ESGold.com.

NOTE TO INVESTORS: The latest news and updates relating to ESAUF are available in the company’s newsroom at https://ibn.fm/ESAUF

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