Relevant Gold Corp Announces Non-Brokered $3M Private Placement with Expected Participation from New Gold Inc.

Relevant Gold Corp. (CSE:RGC) (“Relevant Gold” or the “Company”) announces a non-brokered private placement to raise gross proceeds of up to $3,000,000 through the sale of up to 12,000,000 units (“the Units”) at a price of $0.25 per Unit. Each Unit consists of one common share of the Company and a one-half share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.35 per share for a period of 36 months from the date of issue. The proceeds from the sale of the private placement will be used to fund exploration activities at the Company’s Golden Buffalo and Lewiston projects in Wyoming, USA, and for general working capital.

New Gold Inc. (TSX:NGD) has committed to increasing its equity position in the Company to 9.9% of the issued and outstanding common shares with this financing. New Gold currently holds approximately 7% of the Company’s common shares.

“We are very appreciative of the strong continued support from New Gold Inc. as we continue to pursue multiple discovery opportunities in Wyoming,” said Rob Bergmann, CEO of Relevant Gold Corp. “We anticipate using to use the funds to continue proving our orogenic gold concept in new areas of our extensive claim package.”

Certain directors and officers of the Company may acquire securities under the private placement. Any such participation would be considered a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The transaction will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any shares issued nor the consideration paid by such persons will exceed 25% of the Company’s market capitalization.

The Company may pay a finder’s fee in connection with the private placement and this financing is subject to the approval of the CSE Exchange. All securities to be issued in the Private Placement will be subject to a four (4) month hold period from the closing date under applicable securities laws in Canada and amongst other things, receipt by Relevant Gold of all necessary regulatory approvals, including Exchange approval. The Company anticipates closing the private placement as soon as practicable subject to receipt of all necessary regulatory approvals.

This news release does not constitute an offer to sell nor a solicitation of an offer to sell any securities in the United States. The securities have not been, and will not be registered under the United States Securities Act of 1933, as amended (The “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.