Announcement • Apr 22
BULGOLD Inc. announced that it has received CAD 1.174684 million in funding On April 21, 2026. BULGOLD Inc. announced that it has closed the transaction. It has issued 23,493,678 common shares in the capital of the Company at a price of CAD 0.05 per Share for proceeds of CAD 1,174,683.9. In connection with the Offering, certain arm’s length parties received an aggregate cash fee of CAD 15,750 and an aggregate of 315,000 finder’s warrants . Each Finder’s Warrant entitles the Finder to acquire one common share in the capital of the Company at an exercise price of CAD 0.07 until October 20, 2027. The Finder’s Warrants and common shares issuable on exercise thereof are subject to a hold period expiring at the end of the day on August 20, 2026. Certain insiders of the Company subscribed for an aggregate of CAD 161,341.95 of Shares pursuant to the Offering. Announcement • Mar 20
BULGOLD Inc. announced that it expects to receive CAD 1.2 million in funding BULGOLD Inc. announces a non-brokered private placement to issue minimum of 20,000,000 shares at a price of CAD 0.05 per share for gross proceeds of CAD 1,000,000 and maximum of 24,000,000 shares at a price of CAD 0.05 per share for gross proceeds of CAD 1,200,000 on March 19, 2026. The offered shares sold pursuant to the listed issuer financing exemption and pursuant to 72-503 are expected to be immediately freely tradeable and not subject to a four-month resale hold period in Canada, except for offered shares sold to insiders as may be required by the policies of the TSX Venture Exchange. The offering is scheduled to close on or about April 20, 2026, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. The company has agreed to pay a finder's fee to arm's-length parties for services rendered in respect of the offering. The finder's fee will consist of a cash fee equal to 7% of the gross proceeds from the sale of offered shares sold to third parties sourced by each finder, and finders' warrants equal in number to 7% of the offered shares sold to third parties sourced by such finder. Each finder's warrant will entitle the holder to purchase one common share of the company at an exercise price of seven cents until the date which is 18 months from the closing date. Announcement • Mar 10
BULGOLD Inc., Annual General Meeting, May 20, 2026 BULGOLD Inc., Annual General Meeting, May 20, 2026. Announcement • Dec 12
BULGOLD Inc. Provides Exploration Update on the Lutila Gold Project BULGOLD Inc. announced that it has now completed exploration diamond drilling on the Lutila Gold Project located in Central Slovakia. The Lutila exploration licence covers an area of 32.2km2 and is prospective for quartz-adularia, low-sulfidation epithermal gold mineralisation. The Company completed two diamond drill holes as part of its exploration programme. One hole was drilled into the Horna Klapa target area which is located in the Sinter Field and was completed at 541.7m depth. The second hole was drilled into the newly discovered Kopernica vein system which is located on the western slopes of Certificateovch peak within the North East Block and was completed at 645.6m depth. Samples have now been dispatched to SGS Burgas (Bulgaria) for analysis and once this information has been validated and incorporated into the Company's database then the Company will release the outcomes of the 2025 exploration programme which is expected to be early in 2026. Announcement • Oct 30
Bulgold Inc. Commences Drilling on the Lutila Gold Project BULGOLD Inc. announced that it has commenced exploration diamond drilling on the Lutila Gold Project located in Central Slovakia. The Lutila exploration licence covers an area of 32.2km2 and is prospective for quartz-adularia, low-sulfidation epithermal gold mineralisation. New Risk • Jul 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 78% This is considered a major 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 Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (78% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.97m market cap, or US$1.44m). Announcement • Jul 11
BULGOLD Inc. announced that it has received CAD 1.07672 million in funding On July 10, 2025, BULGOLD Inc closed the transaction. The company announced that it has issued 21,534,407 common shares at a price of CAD 0.05 per Share for gross proceeds of CAD 1,076,720.35. In consideration for the services rendered by certain arm’s length parties (the “Finders”) in connection with the Offering, the Finders received an aggregate cash fee of CAD 7,700 and an aggregate of 154,000 finder’s warrants (the “Finder’s Warrant”). Each Finder’s Warrant entitles the holder to acquire one additional common share in the capital of the Company at an exercise price of CAD 0.07 until January 9, 2027. Management of the Company subscribed for CAD 138,567 of the Offering. Announcement • Jun 06
BULGOLD Inc. announced that it expects to receive CAD 1 million in funding BULGOLD Inc. announced a non-brokered private placement to issue 20,000,000 shares at an issue price of CAD 0.05 per share for gross proceeds of CAD 1,000,000 on June 5, 2025. The Company has agreed to pay a finder’s fee to arm’s length parties for services rendered in respect of the Offering. The finder’s fee will consist of a cash fee equal to 7.0% of the gross proceeds from the sale of Shares sold to third parties sourced by the finders, and finder’s warrants equal in number to 7.0% of the Shares sold to third parties sourced by the finders (the “Finder’s Warrant”). Each Finder’s Warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of CAD 0.07 until the date which is 18 months from the closing date of the Offering. The Offering is scheduled to close on or about June 30, 2025 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. The Shares will have a hold period ending on the day that is four months and one day following the closing date. Announcement • May 12
Bulgold Inc. Extends the Occurrence of Epithermal Quartz Veins to 1.2Km of Strike Length Within the Sinter Field on the Lutila Gold Project BULGOLD Inc. announced the results of recent prospecting activity on the Lutila Gold Project, Slovakia. This information has now been validated and incorporated into the Company’s database. The Lutila exploration licence covers an area of 32.2km2 and is prospective for quartz-adularia epithermal gold mineralisation. Epithermal Quartz Veins within the Sinter Field (Horna Klapa Target Area); During 2024, prospecting following the completion of exploration drilling led to the discovery of epithermal quartz veins on and just below the equal highest peak (687mRL) within the Sinter Field. The BULGOLD exploration team has recently returned from the field where, due to good early Spring conditions, they were able to continue prospecting the Horna Klapa section of Rhyolite Ridge. The quartz vein material is now located 20-60m vertically above and 0.5-1km north-east from the nearest outcropping sinter terrace; the Horna Klapa sinter terrace. The epithermal quartz vein fragments continue to represent the high-level expression of an upflow zone located beneath this +1,400m portion of Rhyolite Ridge, where the overall strike of the ridge abruptly changes from a north-south to a north-east orientation. The vein pieces are dominated by low temperature, low fluid-flux textures and are commonly coarsely banded chalcedonic quartz with zones of quartz lattice bladed textures which indicate that boiling has occurred. Minor included fragments of rhyolite rock within the vein pieces clearly indicates that the veins formed within rhyolite rock. They are strongly anomalous for antimony (average of 122g/t Sb) with very low levels of Au, Ag and As. Additionally, a medieval exploration gallery was discovered on the eastern side of the Horna Klapa ridgeline located approximately 80m below the equal highest peak. It is believed that this mining activity was carried out in the ‘pre-gunpowder’ era (pre-1627) and was exploratory in nature and designed to access rocks below the ridgeline. The Company speculates that they may have been following up on the epithermal quartz vein float in the area and wished to assess the hydrothermal system at a lower level by driving a horizontal exploration gallery. The Company found clay-altered rhyolite pyroclastic rocks in proximity to the working and it should be noted that there are no outcropping altered rhyolite rocks in the vicinity (even though there is abundant rhyolite rock outcrop immediately above the working); minor epithermal quartz vein float was also found in the area. Historic gold exploration within the Lutila Gold Project has been ongoing for centuries given its location immediately south and along strike from the Kremnica gold deposit, which has been mined for approximately 1,000 years, and in that time, this is the first recorded occurrence of epithermal quartz veins within the Sinter Field. The Company has drill tested Rhyolite Ridge 2.7km south of this location and used the occurrence and distribution of outcropping sinters to guide such drilling efforts. It is now clear to the Company that future exploration drilling should take place within this +1,400m portion of Rhyolite Ridge where epithermal quartz veins are found at surface together with medieval exploration activity which provide indirect evidence for the presence of epithermal veins at depth beneath the ridgeline where they may have been deposited within an upflow zone. The Horna Klapa Sinter Terrace; Further field review was undertaken within the Horna Klapa sinter terrace which is located to the immediate south-west of the Horna Klapa portion of Rhyolite Ridge which contains the epithermal quartz vein pieces. The sinter terrace is a significant geological feature on the property and contains multiple stacked terraces over approximately 250m of elevation, starting immediately below the named Horna Klapa peak (687mRL) and extending 1.3km towards the Kopernica potok (stream) located downhill and to the west. Sinters commonly form proximal to upflow zones in which quartz-adularia epithermal veins may have formed at depth nearby. The Company has now clearly established that geyserite textures are present within the Horna Klapa sinter terrace. These textures form in response to hot, deeply derived, near neutral, alkali-chloride waters intersecting the earth’s surface at or near the water table surface in the form of vents, geysers or hot springs. They are diagnostic textures and are commonly recognised today around active geothermal fields e.g., Yellowstone. More importantly, geyserite textures form from geothermal waters which are being expelled from the upflow zone or the open space fault structures that are controlling the permeability fabric and allowing this near-boiling water to reach surface. Discussion; The Lutila Gold Project is located favourably between two of the largest Au-Ag epithermal systems within the Central Slovakia Volcanic Field, the Kremnica gold deposit and the Banska Štiavnica gold-silver ore field, which collectively, have produced significant amounts of precious metals over many centuries. The Property is located 5km south, along strike and within the same volcanic depression that hosts the historic quartz-adularia Kremnica gold mine (current JORC (2012) mineral resource estimate of M&I: 36.9Mt @ 1.36g/t Au (1.6Moz Au) and Inf: 31.5Mt @ 1.07g/t Au (1.1Moz Au))1. Historic gold production is estimated by Finka (1995) to be 1.48Moz. According to Kodera (2005) the Banska Štiavnica ore field has produced 2.6Moz Au and 129Moz Ag from the early middle ages until the twentieth century. Announcement • Mar 11
BULGOLD Inc., Annual General Meeting, May 21, 2025 BULGOLD Inc., Annual General Meeting, May 21, 2025. Announcement • Nov 14
BULGOLD Inc. Discovers Epithermal Quartz Veins at Surface Within the Sinter Field on the Lutila Gold Project and Completes 2024 Drilling Programme BULGOLD Inc. announced that it has received all outstanding assay data relating to the Lutila Gold Project. This information has now been validated and incorporated into the Company's database. The Lutila exploration licence covers an area of 32.2km2 and is prospective for quartz-adularia epithermal gold mineralisation. Highlights: Drill hole CVDD001, drilled within the North East Block, intersected multiple low-grade gold intervals within rhyolite flow dome rocks; best interval of 18m @ 0.14g/t Au, 1,071g/t As & 167g/t Sb (from 33m). Drill holes RRDD001 and RRDD002, drilled from the same drill pad within the Sinter Field failed to intersect any significant gold intervals; there were some indications of hydrothermal activity i.e. silicified pyroclastic rocks with disseminated pyrite. Announcement • Jul 04
BULGOLD Inc. Commences Drilling on Lutila Gold Project in Central Slovakia BULGOLD Inc. announced that it has commenced exploration diamond drilling on the Lutila Gold Project located in Central Slovakia. The Lutila exploration licence covers an area of 32.2km² and is prospective for quartz-adularia, low-sulfidation epithermal gold mineralisation. The Company plans to drill two diamond drill holes to test the potential for mineralised quartz-adularia veins deposited within an upflow zone at depth beneath the Certov vrch target area (CVDD001) and the Rhyolite Ridge target area (RRDD001) 4.5km to the southwest. The targeted upflow zone is interpreted to be the southern, down-faulted extension of the 6km-long Kremnica low-sulfidation vein system, located immediately north of the project area. Both drill holes will be completed to a minimum 600m hole depth and results will be released on a completed hole basis following receipt of assay results, validation and incorporation into the Company’s database. Announcement • May 03
BULGOLD Inc. Highlights the Potential Scale of the Lutila Gold Project Through a Review of Historic Exploration Data BULGOLD Inc. announced that it has sourced historic exploration data relating to the Lutila Gold Project located in Slovakia. This information has now been validated and incorporated into the company's database. The Lutila exploration licence covers an area of 32.2km² and is prospective for quartz-adularia epithermal gold mineralization. Highlights: Historic soil sampling has outlined a +7km long, paleo-geothermal system as defined by arsenic and antimony geochemistry which remains open to the south and northwest; Historic rock chip sampling, which is limited to the North East Block, has shown that surface gold grades increase in value (up to 4.44g/t Au) towards lower elevations which is in line with the Company’s current geological model; Historic exploration drilling, which is also restricted to the North East Block, has shown that there are anomalous gold grades within the rhyolite flow dome complexes and their pyroclastic products on either flank of the Certov vrch target area; best intersection of 26.2m at 0.91g/t Au (from 97m); Rhyolite flow dome complexes define a series of topographic highs (ridgelines) within the licence area which cumulatively extend for approximately 7km; these rhyolite ridges are in turn surrounded by a large (27km²) sinter field; The sinter field has not been drill tested for gold mineralization; it has been extensively drill tested for bentonite (average hole depth 20m); The Property is located 5km south, along strike and within the same volcanic depression that hosts the historic quartz-adularia Kremnica gold mine (current JORC (2012) mineral resource estimate of 2.7Moz Au2); Exploration target: high-grade gold (Au) ± silver (Ag) quartz veins. New Risk • Apr 23
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Shares are highly illiquid. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.31m market cap, or US$2.42m). Minor Risk Shareholders have been diluted in the past year (36% increase in shares outstanding). Board Change • Apr 17
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Mihaela Barnes is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 28
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Mihaela Barnes is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Mar 05
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Mihaela Barnes is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jan 14
BULGOLD Inc., Annual General Meeting, Mar 27, 2024 BULGOLD Inc., Annual General Meeting, Mar 27, 2024. Board Change • Jan 10
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Mihaela Barnes is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 31
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Mihaela Barnes is the most experienced director on the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 19
BULGOLD Inc. Announces an Exploration Update on the Kutel Gold Project BULGOLD Inc. announced that it has now completed the maiden drilling programme on the Kutel Gold Project and all assay results have been returned, validated and incorporated into the Company’s database. Three diamond drill holes were drilled across two of the three primary HEB targets for a total of 1,125.4m. No significant intersections were recorded. YADD001: Drilled sedimentary marble breccia from surface to 298m, after which metamorphic basement rocks, primarily marble with some minor amphibolite was intersected to end of hole. KTDD001: Drilled sedimentary marble breccia from surface to 66m, after which metamorphic basement rocks, primarily marble with some minor amphibolite was intersected to end of hole. KTDD002: The BULGOLD team made a decision to change the orientation of drilling from the northeast to the northwest, which was the logical decision to make at this stage of the exploration programme. Sedimentary marble breccia was intersected from surface to 91m, after which metamorphic basement rocks, primarily marble with some minor amphibolite was intersected to end of hole. Carbonate veinlets with bladed vein margins with either open space or full carbonate centres were intersected intermittently between 230-242m, 263-265 and 293-294m downhole; these veinlets were steeply dipping and trending 020-040°. One chalcedonic quartz vein was intersected between 237-238m downhole. Operationally, core recovery was good and averaged 98.6% for the programme. Drilling rates were reasonable; however, due to the inherent fractured nature of the sedimentary marble breccias and marble basement rocks, water return was commonly lost at upper levels of the drill holes. This necessitated that the Company transport water to the drill sites, which were all located on the top of a mountain and, thus, contributed to additional cost pressures associated with the maiden drill programme. Announcement • Sep 28
BULGOLD Inc. (TSXV:ZLTO) exercised its option to acquire 100% stake in the Lutila Gold Project from Green View s.r.o. for €0.0001 million. BULGOLD Inc. (TSXV:ZLTO) exercised its option to acquire 100% stake in the Lutila Gold Project from Green View s.r.o. for €0.0001 million on September 27, 2023. Announcement • Jul 08
BULGOLD Inc. announced that it has received CAD 2.210049 million in funding from Dundee Resources Limited and other investors On July 7, 2023, BULGOLD Inc. closed the transaction. The company issued a total of 7,366,831 units for gross proceeds of CAD 2,210,049 in the transaction. The company issued 1,833,500 units for gross proceeds of CAD 550,050 in its second and final tranche closing. In connection with the transaction, the finders received an aggregate cash fee of CAD 84,528.49 and an aggregate of 281,759 finder’s warrants. Each finder’s warrant entitles the holder to acquire one additional common share of the company at an exercise price of CAD 0.40 until December 23, 2024. Management of the company subscribed for $266,500 in the transaction. The unit shares and warrant shares issued under the second tranche are subject to a four-month hold period ending on November 7, 2023. Announcement • May 13
St Charles Resources Inc. announced that it expects to receive CAD 3.5 million in funding St Charles Resources Inc. announced a non-brokered private placement of up to 11,666,667 at a price of CAD 0.30 per unit for gross proceeds of up to CAD 3,500,000 on May 11, 2023. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share of the company at a price of CAD 0.40 at any time on or before that date which is eighteen months after the closing date of the transaction. The company has agreed to pay a finder’s fee to arm’s length parties for services rendered in respect of the transaction. The finder’s fee will consist of a cash fee equal to 7.0% of the gross proceeds from the sale of units sold to third parties sourced by the finders, and finder’s warrants equal in number to 7.0% of the units sold to third parties sourced by the finders. Each finder’s warrant will entitle the holder to acquire one additional common share of the company at an exercise price of CAD 0.40 until the date which is 18 months from the closing date of the transaction. The transaction is scheduled to close on or about June 14, 2023 and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange. The units, shares and warrants shares will have a hold period ending on the day that is four months and one day following the closing date.