October 16, 2026, Montreal, Quebec, Canada – TheNewswire – Beauce Gold Fields (“Champs d’Or en Beauce”) (TSX Venture: BGF), referred to as “BGF” or the “Company,” is closing a non-brokered Flow-Through private placement of 6,649,00 units at $0.035 per unit for gross proceeds of $232,715.00.
Each unit will comprise one Flow-Through common share and one-half common share purchase warrant of the company. Each full warrant will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of S0.07 for a period of 24 months from the date of closing of the placement. Securities issued under the placement are subject to a four-month-and-one-day hold period from the date of closing of the placement in accordance with applicable Canadian securities laws. The placement is subject to standard regulatory approvals, including the approval of the TSX Venture Exchange. The proceeds of the placement will be used: (i) to finance exploration.
In connection with the placement, the company will pay finders’ fees of $6,938.40. It will also issue 198,240 warrants to the agents. The warrants will entitle the agents to purchase one common share of the capital stock of the company at a price of S0.07 for a period of 24 months from the date of closing of the placement. All shares issued on those warrants exercise will be subject to a four-month-and-one-day hold period from the date of closing of the placement.
An Insider of the company subscribed for 300,000 units in the placement. Ann Levasseur, a Director of the Company, subscribed for 300,000 flow-through units. As a result, Ann Levasseur will beneficially own or exercise control or direction over, directly or indirectly, 932,606 shares representing 0.618% of the issued and outstanding common shares of the company.
The participation of Ann Levasseur in the private placement constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 — Protection of Minority Security Holders in Special Transactions, and TSX Venture Exchange Policy 5.9 — Protection of Minority Security Holders in Special Transactions. In connection with this related party transaction, the company is relying on the formal valuation and minority approval exemptions of subsections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, as the fair market value of the portion of the private placement subscribed by insiders does not exceed 25 per cent of the company’s market capitalization. The board of directors of the company has approved the private placement, including the participation of said Ann Levasseur.
The company will use the proceeds from the private placement for exploration of its gold and phosphate properties.
About the Saint-Simon-les-Mines Paleoplacer Channel
The Saint-Simon-les-Mines paleoplacer is a nearly six-kilometre-long buried gold-bearing channel within the Gilbert River paleovalley and represents the core of Canada’s first gold rush district. Historical mining from the 1860s through the 1960s recovered significant quantities of coarse gold, including multi-ounce nuggets.
The Company’s geological model indicates that gold mineralization within the paleoplacer system is concentrated principally within basal sedimentary horizons, saprolitic bedrock and fractures or natural traps developed along the paleovalley floor
The paleovalley lies immediately south of the Company’s interpreted Saddle Reef-style antiform structures . BGF’s geological model is evaluating these structures and associated quartz-vein systems as potential bedrock sources for at least part of the historical placer gold.
Historical and modern geological work also indicates that tributaries entering the Gilbert River paleovalley from the north may have played an important role in transporting and concentrating gold. Interpreted deltaic deposits developed at tributary mouths therefore represent priority exploration targets for the sonic drilling program.
More information:
https://beaucegold.com/beauce-gold-property
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Image: Polygonal – Longitudinal Map of the Paleoplacer Channel
Exploration Target
The drilling program follows the Company’s June 2026 technical assessment of the Saint-Simon-les-Mines paleoplacer channel, which established an Exploration Target ranging between:
4,004,674 and 5,991,229 cubic metres ; and
2.02 g Au/m³ to 12.0 g Au/m³
The Exploration Target is based on the interpretation of historical drilling, geological modelling and reconstruction of the Gilbert River paleovalley, polygonal volumetric calculations, and the evaluation of auriferous basal sedimentary, saprolitic and weathered bedrock units.
The updated geological interpretation recognizes the potential importance of buried tributaries and deltaic deposits, natural bedrock traps and greater-than-previously-recognized thicknesses of saprolitic and fractured bedrock within the paleovalley.
The potential quantity and grade of the Exploration Target are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain whether further exploration will result in the delineation of a mineral resource.
Jean Bernard, B.Sc., P.Geo., an independent Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical content of this news release.
About Beauce Gold Fields
Beauce Gold Fields is focused on exploring and developing the historic placer gold district of the Beauce region of southern Quebec. The Company’s objective is to trace historical placer gold workings back to potential bedrock sources and evaluate the potential for economic lode-gold mineralization.
The Company’s flagship property is the Saint-Simon-les-Mines gold project, site of Canada’s first gold rush, which predates the Yukon Klondike. The Beauce region hosted major historical placer gold operations from the 1860s through the 1960s and produced some of the largest gold nuggets recorded in Canadian mining history, including nuggets exceeding 50 ounces. (Source: SEDAR, NI 43-101 Report – Beauce, July 4, 2018, author B. Violette.)
Beauce Gold Fields continues to explore antiform structures that the Company believes may have contributed gold to the extensive auriferous placer deposits of the Beauce region. The Company’s geological model is evaluating whether structural traps associated with antiform folding and saddle-reef-style quartz mineralization may represent potential bedrock sources for gold found within the historical Beauce paleoplacer system.
Beauce Gold Fields website www.beaucegold.com
Disclaimers:
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding mineral exploration. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information contact
Patrick Levasseur, President and CEO Tel: (514) 262-9239
www.beaucegold.com
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