P2 Gold Inc. announces non-brokered private placement of up to 6,500,000 units at an issue price of CAD 0.08 per unit for gross proceeds of up CAD 520,000 on December 21, 2023. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at an exercise price of CAD 0.15 per common share for a period of two years from the date of issue (the "Expiry Time"), provided that, if after four months from the date of issue, the closing price of the common shares of the Company on the TSX Venture Exchange (the "Exchange") is equal to or greater than CAD 0.30 for a period of 10 consecutive trading days at any time prior to the Expiry Time.

the transaction is subject to the approval of the regulatory, including the approval of the Exchange. All securities issued pursuant to the Offering will be subject to a four month hold period.