South Atlantic Gold Announces Termination of Amalgamation Agreement

Vancouver, B.C. – June 27, 2025 – South Atlantic Gold Inc. (“South Atlantic” or the “Company”) (TSX-V: SAO), announces that shareholders did not approve its previously announced amalgamation with ValOre Metals Corp. (“Valore”) at the Company’s shareholder meeting held earlier today (the “Meeting”).  Following the Meeting, Valore and the Company mutually agreed to terminate the amalgamation agreement and consequently the amalgamation will not proceed.  South Atlantic will continue to evaluate and review alternative opportunities to enhance shareholder value.