Royal Fox Gold Inc. announced a non-brokered private placement of 8,333,333 common shares on a flow-through basis at a price of CAD 0.06 per flow-through share for aggregate gross proceeds of up to CAD 500,000 on March 18, 2022. The closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.