The Board of Directors of SolGold (LSE & TSX:SOLG) is pleased to announce the successful placing of 180,000,000 new ordinary shares (the " Investment Shares ") at a price of US$0.20 per share (the " Investment ") to investors, including Jiangxi Copper (Hong Kong) Investment Company Limited (" Jiangxi "), as announced on 23 November 2022. Jiangxi has subscribed to 155,000,000 of the Investment Shares and Maxit Capital LP (" Maxit ") has subscribed to 23,000,000 of the Investment Shares. The Investment raised aggregate gross proceeds of US$36,000,000.