To: Goose94 who wrote (91630 ) 1/20/2022 5:01:57 PM From: Goose94 Read Replies (1) | Respond to of 202936 Angel Gold (ANG-V) Share Consolidation 10:1 Jan 13, '22 - NR Subject to the approval of the TSX Venture Exchange, Angel Gold Corp. intends to complete a consolidation of its issued and outstanding common shares on the basis of one new share for every 10 shares held. A new CUSIP and ISIN number for the Shares will be issued. Registered shareholders of the Company will receive a letter of transmittal from the Company's transfer agent with instructions for exchanging their pre-Consolidation Shares. Shareholders who hold their Shares through a broker or other intermediary will not need to complete a letter of transmittal. The Company will not issue any fractional Shares as a result of the Consolidation but will round up or down to the nearest whole Share. Concurrent with the completion of the Consolidation, and subject to the approval of the Exchange, the Company also intends to complete (i) a debt settlement (the "Debt Settlement") of up to 5,000,000 post-Consolidated Shares at a deemed price of $0.15 per Share to settle past management services and cash advances provided to the Company by related parties of the Company and trade payables provided to the Company with non-related parties for the total amount of $750,000, and (ii) a non-brokered private placement (the "Private Placement") of up to 10,000,000 units (each a "Unit") at $0.15 per Unit to raise aggregate gross proceeds of $1,500,000. Each Unit will consist of one post-Consolidated Share and one common share purchase warrant (a "Warrant") with each Warrant exercisable at a price of $0.25 per post-Consolidated Share for a period of three (3) years. All securities issued in the Private Placement and Debt Settlement will be subject to the Exchange hold period, plus a hold period of four months and one day following the closing dates of the Private Placement and Debt Settlement. Finder's fees may be payable in accordance with the policies of the Exchange in connection with the Private Placement. Related parties of the Company intend to participate in the Private Placement of up to $102,500. As a result, the Private Placement is considered a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")). The Company is relying on section 5.5(a) and 5.7(a) as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Private Placement will exceed 25 percent of the Company's market capitalization (calculated in accordance with MI 61-101). Further details on the related party participation will be provided in the Company's news release detailing the closing of the Private Placement. The following is a summary of the use of proceeds allocation for the Private Placement: The Company also announces that Christopher P. Cherry has been appointed as interim CEO of the Company in place of Blanca Stella Frias Osorio who has resigned from her position as CEO of the Company. The Company wishes to thank Ms. Osorio for her contribution to the Company and wishes her well in her future endeavors. ON BEHALF OF THE BOARD OF DIRECTORS Tom Wharton Director tomwhartonjr@gmail.com