ESGold Corp. announced assay results from its new tailings stockpile at Notre-Dame-de-Montauban. These new tailings stockpile is located at Notre Dame de Montauban, approximately 10 km north of the rural community of the Montauban-les-Mines in the province of Québec and covers an area of approximately 20,935 m2.

ESGold recently entered into an agreement with local officials and a private landowner to excavate, assay, process and stabilize the tailings, after which the land will be rehabilitated to its original state. ESGold has now completed the work and the results will be incorporated into the resource calculation forming part of the Company's Preliminary Economic Assessment report (the "PEA"), to be released shortly. In December 2022 a total of 35 test pits were excavated using a 15-ton excavator to successfully sample different areas of the tailings to a maximum vertical depth of 5 metres.

A total of 112 samples (including blank and standard) were collected and sent to SGS laboratory in Quebec City for Au, Ag and multi- element analysis. The samples were taken along the walls from the top to the bottom and the sample lengths ranged between 0.2m and 1.1m. Twenty-five out of the thirty-five test pits tested positive for both gold and silver, the best intersections were 5.45 g/t Au over 0.9 m in B33 and 709 g/t Ag over 0.65 m in B35.

The results are being used to develop an estimation of mineral resources which will be added to the coming PEA. The investigation and sampling work of the tailings were conducted by Mr. Julien Huguet Eng. from Laurentia Exploration under the supervision of Mr. Rachidi from GoldMinds Geoservices.

The tailing zone is on two claims (CDC-2613160 and CDC-2614726) and are not owned by ESGold. In accordance with the Mining laws of the Province of Quebec the tailings belong to the landowners (surface rights). In this case there are two landowners, the Municipality and a private owner, both of which ESGold has agreements to process the stockpiled tailings.