New Risk • Mar 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (48% average daily change). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.72m market cap, or US$3.41m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Announcement • Mar 25
Norse Gold Corp. announced that it has received CAD 1 million in funding On March 24, 2026, Norse Gold Corp closed the transaction. The company announced that it has issued 10,000,000 Units at an issue price of CAD 0.10 per unit for aggregate gross proceeds of CAD 1,000,000. Each Unit is comprised of one common share and one common share purchase warrant (each, a "Warrant"), with each whole Warrant entitling the holder to acquire one Common Share at a price of CAD 0.20 for a period of two years from the date of issuance. In accordance with applicable securities laws, the Common Shares and Warrants (and the Common Shares issuable upon exercise of the Warrants) issued under this Financing are subject to four month hold periods, which will expire on July 25, 2026. No finder's fees or warrants were issued in connection with the Financing. The closing of the Financing and the Reactivation are subject to final approval by the TSX-V. Post-closing filings have been submitted to the TSX-V for final approvals. Announcement • Mar 16
Norse Gold Corp., Annual General Meeting, May 13, 2026 Norse Gold Corp., Annual General Meeting, May 13, 2026. 
