Dixie Gold Inc. Receives Certain Government Approvals and Reports Submission of Additional License Applications in Saskatchewan

(TheNewswire)

Vancouver, British Columbia – TheNewswire - January 20, 2025 – Dixie Gold Inc. (TSX VENTURE: DG)(“ Dixie Gold ” or the“ Corporation” or the “Issuer”) reports that it has made certainadditional submissions and received certain approvals, to and from theGovernment of Saskatchewan, as applicable, and both matters (asdetailed herein) serving as Issuer disclosure.

Further to its recent press release (see news release,Dixie Gold Inc. Reports Submission of License Applications inSaskatchewan, dated January 17, 2025), the Issuer reports that itsubmitted certain further and additional mining claim applications tothe Government of Saskatchewan (the “Additional LicenseApplications”), such Additional License Applications pertaining toparticular areas situated in northern Saskatchewan, and being inaddition to those previously disclosed on January 17 , 2025 (the“First License Applications”)(the First License Applications andthe Additional License Applications, together, the “LicenseApplications”).

With respect to the License Applications, thesubmission process was preceded by recent evaluations by the Issuer ofthe associated area and regional developments. The LicenseApplications were submitted, as described by Issuer news releases, topreposition Dixie Gold with optionality to the region in advance ofcertain upcoming activities by Ramp Metals Inc. that the Issuerexpects to occur based on its interpretation of certain publicrecords, as well as to ensure that the License Applications, asindirectly filed, predate any alternate party that might be seekingthe same.

As is customary, the Additional License Applicationsremain subject to final approval by the Government of Saskatchewan.Costs related to the Additional License Applications were fundedthrough on-hand working capital.

The Additional License Applications being announcedtoday correspond to submissions related to approximately 35,448hectares, and in the Corporation’s view, the same serves tocompliment, by way of additional contiguous and non-contiguousincrease to previously announced and now new groupings, theapproximately 39,415 hectares already disclosed by news release datedJanuary 17, 2025, being again, for reference, the First LicenseApplications.

Given that the aggregate of the License Applicationswere filed at this time for optionality purposes (alongside DixieGold’s view of their potential for a future re-rating of value), theCorporation will examine prospective forward-dated activitiestherewith associated depending upon whether certain preconditions andoutcomes of interest materialize.

Approvals Received

Further to its news release dated January 17, 2025, theIssuer also reports that it has subsequently received notificationthat approximately 37,637 hectares of the area associated with theFirst License Applications was successfully approved by the Governmentof Saskatchewan, and the remaining area associated with the FirstLicense Applications is expected to expected to receive governmentreview in due course.

The received and disclosed application success of theFirst License Applications has validated and informed theCorporation’s supplemental strategy to pursue the Additional LicenseApplications.

For interested parties, the Corporation reports thatlicenses under the First License Applications and/or AdditionalLicense Applications that receive government approval are expected tocarry an initial two-year license term, being an initial term intocalendar 2027.

Forward-Events

Dixie Gold advises that depending upon forwardcircumstances it may submit for additional licenses proximate to thoseof interest to-date (referencing news releases dated January 17, 2025and January 20, 2025 by the Issuer). That noted, if and as applicable,the Issuer does not intend to comment publicly upon incrementallicense submissions unless said submissions, or, in alternate,activity related to those submissions made to-date, varies themateriality of the Issuer’s disclosure and/or its stated strategywith respect to matters discussed herein or by reference.

As at the date hereof, Dixie Gold has 31,737,188 commonshares issued and outstanding.

About Dixie GoldInc.

Dixie Gold Inc. (TSXV: DG) is a publicly traded juniorexploration company holding a portfolio of mining-related interests inCanada. For more information, please visit www.dixiegold.ca

On Behalf of the Board ofDirectors

Ryan Kalt
Chief Executive Officer
Dixie Gold Inc.
T: 604.687.2038

Forward-Looking Statements

This news release contains forward-looking statementswithin the meaning of Canadian securities laws. Some of theforward-looking statements may be identified by the use offorward-looking words. Statements that are not historical in nature,including the words "anticipate," "expect,""suggest," "plan," "believe,""intend,", “intention” "estimate,""target," "project," "should,""could," "would," "may,""will," "forecast" and/or other similarexpressions are intended to identify forward-looking statements.Forward-looking statements address future events and conditions andtherefore involve inherent risks and uncertainties, including but notlimited to plans, activities and results related to the Issuer’sexploration projects, as well as with regards to certain uncertaintiesand risks pertaining to government approval and/or variation ofcomposition, strategy or activity with respect to the First LicenseApplications, the Additional License Applications, or the LicenseApplications, as and where applicable. Actualresults may differ materially from those currently expected orforecast in such statements.

Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of thisrelease.

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