South Atlantic Announces Closing of Private Placement and Shares for Debt Arrangement

March 13, 2026 - TheNewswire – Vancouver, British Columbia – South Atlantic Gold Inc. (TSX-V:SAO) (“ South Atlantic ” or the “ Company ”) announces further to its news releases of February 13, 2026 and February 26, 2026, it has closed the non-brokered private placement offering (the “ Offering ”) for gross proceeds of C$4,200,000.  The Offering consisted of the issuance of 84,000,000 common shares of the Company (the “ Shares ”) at a price of C$0.05 per Share.   In connection with the Offering the Company paid aggregate finders' fees on externally sourced funds of $43,475 cash, issued 4,167,500 Shares (the “ Finder Shares ”) at a deemed price of $0.05 and issued 5,037,000 non-transferrable finders warrants (“ Finder Warrant ”). Each Finder Warrant will entitle the holder to acquire one Share at a price of C$0.065 until March 13, 2028.