Toronto, Ontario--(Newsfile Corp. - October 1, 2025) - ONGold Resources Ltd. (TSXV: ONAU) (OTCQB: ONGRF) ("ONGold" or the "Company") is pleased to announce that it has completed its previously announced upsized private placement for aggregate gross proceeds of C$9,300,042 (the "Offering"). The net proceeds from the sale of the HD Shares are expected to be used towards working capital and general corporate purposes. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. All statements in this news release, other than statements of historical fact, that address events or developments that ONGold expects to occur are forward-looking statements. ONGold does not undertake to update or revise any forward-looking statements except as required by applicable securities laws.