Dixie Gold Inc. Reports Submission of License Applications in Saskatchewan

(TheNewswire)

Vancouver, British Columbia – TheNewswire - January 17, 2025 – Dixie Gold Inc. (TSX VENTURE: DG)(“ Dixie Gold ” or the“ Corporation”) reports that it yesterday submitted certain mining claimapplications to the Government of Saskatchewan (the “LicenseApplications”), such License Applications pertaining to particularareas situated in northern Saskatchewan. The License Applicationscorrespond to approximately 39,415 hectares within two groupings, andthe submission process was preceded by recent evaluations by DixieGold of the associated area and regional developments. The LicenseApplications were submitted at this time to preposition Dixie Goldwith optionality to the region in advance of certain upcomingactivities by Ramp Metals Inc. that the Corporation expects to occurbased on its interpretation of certain public records, as well as toensure that the License Applications, as indirectly filed, predate anyalternate party that might be seeking the same. Reporting of theLicense Applications advances the Corporation’s publicdisclosure.

As is customary, the License Applications remainsubject to final approval by the Government of Saskatchewan. Costsrelated to the License Applications were funded through on-handworking capital. Given that the License Applications were filed atthis time for optionality purposes (alongside Dixie Gold’s view oftheir potential for a future re-rating of value), the Corporation willexamine prospective forward-dated activities therewith associateddepending upon whether certain preconditions and outcomes of interestmaterialize.

The Corporation already holds interests in Saskatchewanwithin its existing portfolio of gold and critical mineralmining-related assets, principally through its minority workinginterest in a joint venture agreement involving the Preston Lakeproject (the “Preston Lake Joint Venture”). To the same, theCorporation advises that following recent budget and planningmeetings, Dixie Gold anticipates that the operator of the Preston LakeJoint Venture will be active with respect to the project during theyear ahead. It is anticipated that the Corporation’s 2025contribution obligation under the Preston Lake Joint Venture will beincurred by the Corporation through dilution of its joint ventureworking interest level as opposed to broader dilution of its sharestructure.

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’sinvolvement with the Preston Lake Joint Venture and/or other projects,as well as with regards to certain uncertainties and risks pertainingto government approval and/or variation with respect to the LicenseApplications. Actual results may differ materially from thosecurrently expected or forecast 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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