Company: Northgold AB

Transaction: Directed issue

Issue volume: 10.4 MSEK

Date: February 2023

Northgold AB has raised SEK 10.4 million in a share issue e.g. directed to TSX-listed Rupert Resources Ltd.

The issue of shares was directed to a limited number of investors, including the seller of Northern Aspect Resources Oy, Rupert Resources Ltd.

The proceeds will be used to fund continued systematic exploration and development activities

Augment acted as financial advisor to Northgold in connection with the directed share issue.