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Augusta Gold Transaction Archive

On October 26, 2020 Bullfrog Gold Corp., closed a transaction with Barrick Gold Corporation and Augusta Group whereby Bullfrog added 1,500 acres of ground adjoining its Bullfrog Gold Project from Barrick Gold. The Company also strengthened its board of directors and management team, including the addition of Maryse Belanger as President and CEO, and completed a C$22 million private placement financing.

In connection with the Transaction, Bullfrog issued 54.6 million units (the “Units”) to Barrick and 110 million Units to Augusta. Each Unit consists of one share of common stock of Bullfrog (a “Share”) and one warrant (a “Warrant”) exercisable for one additional Share at a price of C$0.30 for a period of 4 years expiring on October 26, 2024. The Shares and Warrants are subject to a 4-month and one day hold applicable under Canadian securities laws.

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