FIREFOX GOLD CORP - FFOXF STOCK NEWS

FireFox Gold Corp. has appointed Alexander Davidson as a Special Advisor to its board, effective immediately. Davidson brings over 40 years of experience, notably with Barrick Gold, where he led global exploration initiatives. He aims to provide strategic insights to enhance FireFox's exploration efforts in Finland, which holds one of the largest gold tenements in the region. Concurrently, the company approved the issuance of 800,000 stock options to staff and consultants at a 9% premium to the market price. FireFox remains committed to maximizing shareholder value through its gold exploration projects.

FireFox Gold Corp. (TSXV:FFOX) (OTCQB:FFOXF) announced results from its fall 2022 drilling campaign at the Mustajärvi Gold Project in Finland. Drill holes 22MJ024 and 22MJ025 revealed significant high-grade gold, extending mineralization at the East Target. Highlights include:

• 22MJ024: 13.05m at 15.04 g/t Au from 29.6m depth
• 22MJ025: 12.55m at 14.34 g/t Au from 14.3m depth

CEO Carl Löfberg emphasized the project's strong growth potential, planning further drilling by April and trench excavation for metallurgical testing in summer 2023.

FireFox Gold Corp. (OTCQB: FFOXF) provided exploration updates on its Jeesiö, Sarvi, Lehto, and Kolho gold properties in Finland, reporting significant results from the 2022 exploration program. Notably, a grab sample from the Katajavaara Hill prospect returned 33.60 g/t Au, while other samples revealed multiple gold anomalies. The company plans further mapping and sampling at the Katajavaara prospects and additional exploration at Sarvi and Lehto in 2023. FireFox aims to transform strong early indications into viable drill targets by late 2023. The firm continues its commitment to advancing its extensive portfolio across Finland.

FireFox Gold Corp. (TSXV:FFOX)(OTCQB:FFOXF) announced promising results from its recent drilling at the Mustajärvi Gold Project in Finland. The first three drill holes from the fall 2022 campaign tested a new near-surface high-grade gold zone at the East Target, uncovering significant intercepts, including 15.5m at 13.09 g/t gold. All three holes confirmed the mineralization's expansion, showing improved grade and thickness compared to earlier drilling. The company anticipates results from two additional drill holes shortly. These developments are crucial for assessing the project's potential and enhancing shareholder value in the growing gold market.

FireFox Gold Corp. has appointed Dr. Andor Lips to its board of directors, bringing extensive geological expertise and strategic insights. Dr. Lips has held significant roles in various organizations and previously served as VP of European Strategy at Eldorado Gold. His appointment follows the resignation of Mr. Timo Mäki, to whom the company expressed appreciation. FireFox also announced the issuance of 3,900,000 incentive stock options, exercisable at $0.12 per share, to reward contributions from its team. As a leading gold exploration company in Finland, FireFox aims for continued success through strategic board enhancements.

FireFox Gold Corp. announces successful completion of a non-brokered private placement, raising $1,068,480 with an oversubscription from the initially targeted $0.5M. The first tranche closed on December 9, raising $773,480, while the second tranche is expected to close on December 19, raising an additional $295,000. Proceeds will support general corporate purposes, working capital, and exploration activities in Finland, a top mining jurisdiction. Related party transactions were disclosed, and finder's fees and warrants are allocated as part of the financing.

FireFox Gold Corp. has completed a drilling program at its Mustajärvi Project in Finland, comprising 6 shallow diamond core holes totaling 977 meters. This follows a previous drill that yielded a high-grade discovery of 13.85m at 14.39 g/t gold. The latest program aims to explore new mineralization directions and increase the high-grade zone discovered earlier. CEO Carl Löfberg emphasized the importance of the newly identified cross structures, which may enhance mineralization depth and thickness. Further results are anticipated in the upcoming weeks.

FireFox Gold Corp. has successfully completed the second and final tranche of its non-brokered private placement, raising $506,000 by issuing 5,060,000 units at $0.10 per unit. Each unit consists of one common share and one-half warrant, with a full warrant exercisable at $0.18 for two years. Proceeds will support general corporate purposes and exploration activities in Finland. The company has a strong position in a highly prospective gold exploration region, backed by a knowledgeable local team.

FireFox Gold Corp. has successfully completed the first tranche of a non-brokered private placement, raising $486,000 by issuing 4,860,000 units at $0.10 per unit. Each unit includes one common share and one-half warrant, with full warrants exercisable at $0.18 for two years. Proceeds will fund general working capital and drilling on the Mustajärvi project. A second tranche is expected to be completed by October 21, 2022.

Directors and insiders purchased 250,000 units, relying on exemptions from minority shareholder approval.