Date:Posted By:

Bullion Gold Announces Closing Of Its Oversubscribed Offering And Update On Reactivation

December 21, 2020: Montréal, Québec – Bullion Gold Resources Corp. (TSX-V: BGH.H) (“Bullion Gold” or the “Corporation”) is pleased to announce that it has closed its previously announced private placement (the “Offering”), pursuant to which it issued 7,052,881 common share units (the “Units”) and 5,000,000 flow-through shares (the “FT Shares”) of the Corporation at a price of $0.085 per Unit and $0.10 per FT Share for aggregate gross proceeds of $1,099,495.

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Bullion Gold Announces $1 Million Private Placement

Bullion Gold Resources Corp. (TSX-V: BGH.H) (“Bullion Gold” or the “Corporation”) is pleased to announce a non-brokered private placement to raise up to $1 million through the issuance of a combination of a maximum of 5,882,352 common share units (the “Units”) and 5,000,000 flow-through shares (the “FT Shares”) of the Corporation at a price of $0.085 per HD Unit and $0.10 per FT Share (the “Private Placement”).

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Bullion Gold Corp. Announces Grant Of Stock Options

The management of Bullion Gold Resources Corp. (“The Company” or “Bullion Gold”) announces that incentive stock options have been granted to directors and officers to purchase up to 1,000,000 common shares at a price of $0.115 per share for five years, pursuant to its Stock Option Plan.

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Bullion Gold Corp. Announces Changes To It’s Management And Board Of Directors

The management of Bullion Gold Resources Corp. announces the resignation of Mr. Chris Cooper as President and CEO, effective today. The Company announces the nomination of Mr Jonathan Hamel as President and CEO effective today and as Interim Chief Financial Officer following the resignation of Mr Randy Minhas on November 9th 2020. Mr Hamel will also join the Board of Directors. The Company also announces the nomination of Mr Gilles Laverdière, P. Geo, as Director.