Black Dragon Gold Corp. (ASX: BDG) ('Black Dragon' or the 'Company') advises that the indicative timetable contained in the Company's Prospectus dated 30 November 2021 has been revised.

The changes include moving the date of the general meeting to 10 January 2022 and extending the securities purchase plan (SPP) closing date to 11 January 2022.

The full terms and conditions of the SPP are included in the SPP offer booklet released on the ASX market announcements platform on 1 December 2021.

The new closing date for the SPP aligns the SPP offer to the shareholder meeting timetable and provides our shareholders with more time to assess and consider the SPP offer. The proceeds raised under the Placement and SPP will primarily be directed towards advancing the +1Moz Salave Gold Project including finalising the Environmental Impact Assessment approval by the Government of the Principality of Asturias in Spain, updating the Preliminary Economic Assessment, and commencing a Definitive Feasibility Study.

In addition, whilst critical permitting of the Salave Project is progressed, the Company will review new resource opportunities.

Contact:

Paul Cronin

Tel: +44 20 7993 4077

Email: paul.cronin@blackdragongold.com

ABOUT BLACK DRAGON GOLD

Black Dragon Gold 'BDG' is the 100% owner of one of the largest undeveloped gold projects in Europe, the Salave project. Salave is situated in the North of Spain in the province of Asturias. The Salave project has an updated Measured Mineral Resource of 1.03 million tonnes grading 5.59 g/t Au, containing 0.19 million ounces of gold; an Indicated Mineral Resource of 7.18 million tonnes grading 4.43 g/t Au, containing 1.02 million ounces of gold, plus Inferred Resources totalling 3.12 million tonnes grading 3.47 g/t Au, containing 348,000 ounces of gold. A full technical report summarising the Mineral Resource estimate completed by CSA Global is available on the company's web site (www.blackdragongold.com) and posted on SEDAR. In addition to the current Mineral Resource, historical exploration work suggests there is the potential for additional mineralisation within Black Dragon's landholdings.

FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements that are based on the Company's current expectations and estimates. Forward-looking statements are frequently characterised by words such as 'plan', 'expect', 'project', 'intend', 'believe', 'anticipate', 'estimate', 'suggest', 'indicate' and other similar words or statements that certain events or conditions 'may' or 'will' occur. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results implied or expressed in such forward-looking statements. Such factors include, among others: the actual results of current planned exploration activities; changes in project parameters as plans to continue to be refined; possible variations in ore grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays or any inability in obtaining governmental approvals or financing and fluctuations in metal prices. There may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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