Alma Gold Increases Size of Private Placement Offering

Vancouver, British Columbia–(Newsfile Corp. – September 17, 2024) – Alma Gold Inc. (CSE: ALMA) (“Alma Gold” or the “Company“) is pleased to announce the expansion of its non-brokered private placement, as detailed in the Company’s press release on September 3, 2024. The Company plans to issue up to 3,750,000 units of the Company at a price of $0.08 per Unit, with total gross proceeds of up to $300,000 (the “Private Placement“). Each Unit consists of one common share and one transferable common share purchase warrant. The warrant will allow the holder to purchase an additional share at $0.10 for three years. The closing date for the Private Placement is set for September 20, 2024.

The funds raised from the Private Placement will be utilized for general working capital purposes.

No finder’s fees will be paid for the Private Placement. All securities issued will be subject to a statutory hold period of four months and one day from issuance, in compliance with Canadian securities laws.

This press release does not constitute an offer to sell or a solicitation of an offer to sell securities in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws and cannot be sold within the United States or to U.S. Persons unless registered or exempted under applicable laws.

About Alma Gold Inc.

Alma Gold Inc. is an exploration company focused on gold, headquartered in Bedford, Nova Scotia. Through its subsidiary Karita Gold Corp., Alma Gold Inc. is actively exploring the Karita West Project in northern Guinea, the Dialakoro project permits under application in the Siguiri Basin of Guinea, and owns the Clarence Stream North Gold Project in southwest New Brunswick, Canada.

For more information on Alma Gold Inc., please visit the company’s website at: https://almagoldinc.com.

On Behalf of the Board of Directors

“Gregory Isenor”

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and includes those risks set out in the Corporation’s management’s discussion and analysis as filed under the Corporation’s profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

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