E2Gold Asserts Exploits Discovery Breached NDA Agreement; E2 Assessing All Options

Toronto, Ontario–(Newsfile Corp. – July 28, 2025) – E2Gold Inc. (TSXV: ETU) (OTC Pink: ETUGF) claims that Exploits Discovery Corp. breached a non-disclosure agreement between it and E2Gold when it optioned the Hawkins property from Pavey Ark Minerals. As a result, E2Gold will be pursuing all remedies in this matter including seeking an unwinding of the agreement between Exploits and Pavey Ark or compensation for their indiscretion.

Amongst other things, the NDA stipulated that Exploits could not acquire an interest in any claims within 2 km of E2Gold’s existing mineral properties for a period of 2 years. Exploits’ option of the Hawkins property is well short of the 2 yr anniversary date, March 24, 2027, as Exploits announced optioning the property on May 13, 2025.

Eric Owens, President and CEO, stated, “This goes to the very heart of any NDA. We believe Exploits has not acted in a forthright manner during this process.”

E2Gold continues to review its business strategies and is engaged in discussions to explore alternative project opportunities, including specific merger and acquisition scenarios.

ABOUT E2GOLD INC.

E2Gold Inc. is a Canadian gold exploration company with a 541 claim exploration property adjacent to the Hawkins Property, which span four townships in north-central Ontario, about 140 km east of the Hemlo Gold Mine, and 75 km north of the Magino and Island Gold Mines.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the control of E2Gold, including with respect to the receipt of all regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

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