HGC Hawthorne Gold Corp.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


Hawthorne Gold Corp. ("Hawthorne" or the "Company") (TSX VENTURE:HGC)(PINK
SHEETS:HWTHF) is pleased to announce that it has closed the non-brokered private
placement of flow-through shares (the "Flow Through Shares") announced on
November 20 and November 26 for gross proceeds of $1,755,295 (the "Offering").
On closing, the Company issued a total of 4,281,208 Flow-Through Shares at a
price of $0.41 per Flow-Through Share (the "Offering"). Each Flow-Through Share
consists of one common share in the capital of the Company which will qualify as
a "flow-through share" for tax purposes under the Income Tax Act (Canada).


The Flow-Through Shares were made available to subscribers resident in Canada by
way of private placement exemptions under National Instrument 45-106 Prospectus
and Registration Exemptions.


The Company paid a total of $121,077 in cash and issued 295,310 Finder's
Warrants (as such term is defined below), equivalent to 7% of the gross proceeds
and 7% of the Flow-Through Shares respectively, sourced by eligible finders in
respect of certain Flow-Through Shares placed under the Offering. Each Finder's
Warrant (a "Finder's Warrant") is exercisable at $0.51 per common share for a
period of 12 months after closing of the Offering.


All securities issued in connection with the Offering are subject to a statutory
hold period of four months plus one day from the date of issuance in accordance
with applicable securities legislation.


Proceeds from the Offering will be used to fund exploration and resource
development expenses at the Company's Table Mountain Mine and Taurus deposit.


About Hawthorne Gold Corp.

Hawthorne Gold Corp. is a Canadian-based gold exploration and development
company with key properties located in British Columbia, Canada. Hawthorne is
led by well-respected mining leaders Richard Barclay and Michael Beley.
Hawthorne's goal is to become a junior gold producer by working towards
production at Table Mountain and the continued resource development at the
nearby Taurus deposit, as well as the Frasergold deposit in the Cariboo region
of south central British Columbia.


ON BEHALF OF HAWTHORNE GOLD CORP.

Richard J. Barclay, President & CEO

Certain information regarding the Company including management's assessment of
future plans and operations, may constitute forward-looking statements under
applicable securities laws and necessarily involve risks associated with mining
exploration and development, volatility of prices, currency fluctuations,
imprecision of resource estimates, environmental and permitting risks, access to
labour and services, competition from other companies and ability to access
sufficient capital. As a consequence, actual results may differ materially from
those anticipated in the forward-looking statements.

Grafico Azioni Hawthorne Gold Corp. (TSXV:HGC)
Storico
Da Feb 2025 a Mar 2025

Grafico Azioni Hawthorne Gold Corp. (TSXV:HGC)
Storico
Da Mar 2024 a Mar 2025