PILAR GOLD INC

About Pilar Gold

Pilar Gold is a Brazilian focused gold producer with aspirations to reach 100,000 oz Au p.a. by 2023. The Company acquired the Pilar de Goiás project in April 2021 which includes three underground mines, a 4,000 tpd modern processing facility along with significant associated infrastructure, which has current annual production of approximately 40,000 ounces Au. Pilar Gold has two additional mining operations with production planned to commence in second half of 2022 along with significant exploration and development opportunities. With its existing portfolio the Company plans to aggressively grow production to >200,000 ounces Au p.a. by 2025 by way of organic development and regional consolidation strategies.

Pilar Gold, a private Canadian company with plans to seek a public listing later this year, announced today that on April 16, 2021, the company acquired the Pilar gold mine in Brazil from Equinox Gold for aggregate consideration of US$38 million in cash, a 9.9% equity interest in Pilar Gold, and a 1% net smelter returns royalty on production from the Pilar gold mine.