FIREFOX GOLD CORP - FFOXF STOCK NEWS

FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) reports significant gold mineralization in the first four holes of the spring 2023 core drilling campaign at the Mustajärvi Gold Project in Lapland, Finland. Assays above 10.0 g/t gold were obtained in each hole, with selected intervals yielding high-grade gold. The results extend the mineralization to multiple directions, showcasing the project's potential.

FireFox Gold Corp. reports results from its second reconnaissance diamond drilling campaign at its Sarvi Gold Project in Finland. The drilling did not identify high-grade gold, but encountered quartz-carbonate veining with sulphides and sulphide-bearing carbonaceous sediments. The mudstones and black shales at Sarvi are likely the best hosts for gold, silver, and base metal mineralization. The company plans to continue exploration at Sarvi and focus on the upcoming drill results from its Mustajärvi project.

FireFox Gold Corp. has engaged Independent Trading Group (ITG) for market-making services. ITG will trade shares of the Company to improve liquidity. The agreement is for an initial term of three months and can be terminated with a 30 days' notice.

FireFox Gold Corp. (TSXV:FFOX, OTCQB:FFOXF) announced the approval of a new exploration permit covering nearly 20 km² in the Kolho Trend of Finland's Central Lapland Greenstone Belt. This permit allows mechanized work, including diamond drilling and exploration trenching. Since gaining control in 2020, FireFox applied for six exploration permits covering 122.60 km², with the Nuttio permit being the first to be approved. CEO Carl Löfberg expressed optimism about the Kolho Trend's potential for orogenic gold deposits, stating that the company has mobilized a drill rig for immediate sampling. The area shows promise due to its geological similarities with nearby significant deposits, although FireFox cautions that proximity does not guarantee mineralization. The company is focused on advancing its exploration initiatives in an underexplored region of Finland.

FireFox Gold Corp. announces the completion of the second tranche of its non-brokered private placement, raising $978,500 by issuing 9,785,000 units at $0.10 each.

Each unit consists of a common share and a warrant, exercisable at $0.15 for two years. The funds will support general corporate purposes and exploration activities in Finland.

Additionally, the Company is seeking to extend the expiry date of 8.33 million warrants issued in April 2021 to April 2024, along with a re-pricing initiative for 2.53 million warrants from $0.18 to $0.12.

FireFox Gold continues to explore its properties in Finland, leveraging the country's favorable mining conditions.

FireFox Gold Corp (TSXV:FFOX, OTCQB:FFOXF) completed the first tranche of its non-brokered private placement, raising $623,500 by issuing 6,235,000 units at $0.10 per unit. Each unit consists of one common share and a warrant exercisable at $0.15 for two years. The funds will be utilized for general corporate purposes, working capital, and exploration in Finland. Additionally, insiders acquired 500,000 units under the placement, deemed a related party transaction. FireFox will also pay $2,700 in cash finder's fees and issue 27,000 warrants.