Volcanic Gold Mines Closes $1.66 Million Private Placement

Vancouver, British Columbia — July 17, 2025 — NewsWall — Volcanic Gold Mines Inc. (TSXV: VG) has successfully closed its previously announced non-brokered private placement, raising gross proceeds of $1,664,200 through the issuance of 13,868,332 units at $0.12 each.

Each unit includes one common share and one warrant, allowing the holder to purchase an additional common share at $0.16 for two years. The warrants include an exercise acceleration clause if the company’s shares exceed $0.25 for 10 consecutive trading days, enabling the company to expedite the expiry date to 30 calendar days.

The company intends to use the funds to restart exploration on the Holly Property in Guatemala and for general working capital. Finder’s fees for a portion of the financing totaled $23,712 in cash and 197,599 warrants, with terms matching the unit warrants. Securities issued are subject to resale restrictions until November 16, 2025, and the private placement awaits final TSX Venture Exchange approval.

Simon Ridgway, President and CEO

Source: Volcanic Gold Mines Inc.