Highlights

• Felix Gold has completed the issue of 41,250,000 new fully paid ordinary shares at $0.12 each, raising $4.95 million in total from institutional and sophisticated investors.

• The Placement was first announced on 4 November 2026, with the cleansing notice confirming completion of the share issue on 12 November 2026.

• The company confirmed compliance with the relevant provisions of the Corporations Act and that there is no excluded information material to the placement shares.

• A separate Appendix 2A has been lodged with ASX in relation to the new shares, applying for their Quotation on the exchange.

Felix Gold Limited (ASX:FXG), a gold exploration company listed on the Australian Securities Exchange under the ticker FXG, confirmed the completion of a share placement that raises approximately $4.95 million for the company's treasury. The placement involved the issue of 41,250,000 new fully paid ordinary shares at a price of $0.12 per share and followed the placement announcement made to the market on 4 November 2026. The formal confirmation of the placement completion on 12 November 2026 was accompanied by a cleansing notice lodged under section 708A of the Corporations Act, a regulatory step that is a standard requirement when shares are issued to investors without the company providing a formal disclosure document such as a prospectus. For exploration-stage companies seeking to access Capital quickly and cost-effectively from institutional and sophisticated investors, the placement mechanism is a widely used and pragmatic tool, and the cleansing notice is the procedural step that completes the process from a regulatory standpoint.

Details of the Completed Placement

The cleansing notice is a standard ASX and corporate law mechanism that allows shares issued in a placement to be freely traded by recipients without the need for a prospectus or other offer document as an intermediary step. By lodging this notice under section 708A(5)(e) of the Corporations Act, Felix Gold is confirming to the market that the company has complied with its ongoing reporting and continuous disclosure obligations under Chapter 2M of the Act and section 674, and that there is no information of the type required to be disclosed in a prospectus under sections 708A(7) and 708A(8) that has been withheld from the market at the time of the notice. The notice effectively clears the placement shares for trading on ASX and provides recipients with confidence that the company's disclosures to the market are current and complete. A separate Appendix 2A, the standard ASX notification form for a new share issue and an application for quotation on the exchange, has also been lodged concurrently, as is customary practice.

Regulatory Compliance and the Cleansing Notice Mechanism

The capital raising follows Felix Gold's focus on advancing its gold exploration portfolio, which includes Assets in the Fairbanks region of Alaska, USA — a Jurisdiction with a history of gold production and established Mining infrastructure. The company's strategy of building a portfolio of quality gold exploration opportunities in well-regarded jurisdictions is consistent with the allocation of fresh capital through placements to fund ongoing field activities, feasibility studies, and exploration drilling. For early-stage gold explorers, placements of this nature represent a common and practical financing mechanism, allowing the company to access capital from investors who can assess the opportunity without requiring the more extensive documentation and regulatory processes associated with a retail offer. The placement price of $0.12 per share sets the reference point from which the new shares begin trading following the cleansing notice, and the involvement of institutional investors provides a measure of market validation for the company's current exploration strategy and capital requirements.

Capital Raising Context for Felix Gold's Exploration Strategy

The completion of this placement and the associated regulatory formalities represent an important capital management step for Felix Gold as it looks to maintain momentum across its exploration activities. Access to Working Capital is a persistent operational requirement for companies at this stage of the development cycle, where exploration activity generates technical data and resource definition progress but typically does not generate operating revenue. The $4.95 million raised through this placement provides the company with financial capacity to fund its near-term exploration program, pursue further project Acquisition or evaluation activities if warranted, and meet its general corporate obligations. The smooth completion of the placement and the prompt lodgement of the cleansing notice reflect efficient management of the company's capital raising process, maintaining the trust and confidence of the institutional investors who participated in the offer. For observers of the junior gold mining sector on the ASX, placements of this nature are a routine feature of the exploration financing landscape, and their completion signals that the company is maintaining investor support and has credible near-term operational plans to put the capital to work. The willingness of institutional investors to participate at $0.12 per share provides a datapoint on market sentiment toward Felix Gold's project pipeline and management team at the current stage of development. As the company applies the raised capital to its exploration activities and reports on progress, the degree to which field results substantiate the geological thesis underlying the Investment will be a key driver of future sentiment and further financing capacity. The cleansing notice, by ensuring the new shares are freely tradeable, also supports Liquidity for the new investors and helps maintain an orderly and functional market in the company's securities following the placement.

Key Insights

The completion of this placement and the associated regulatory formalities represent an important capital management step for Felix Gold as it looks to maintain momentum across its exploration activities. Access to working capital is a persistent operational requirement for companies at this stage of the development cycle, where exploration activity generates technical data and resource definition progress but typically does not generate operating revenue. The $4.95 million raised through this placement provides the company with financial capacity to fund its near-term exploration program, pursue further project acquisition or evaluation activities if warranted, and meet its general corporate obligations. The smooth completion of the placement and the prompt lodgement of the cleansing notice reflect efficient management of the company's capital raising process, maintaining the trust and confidence of the institutional investors who participated in the offer. For observers of the junior gold mining sector on the ASX, placements of this nature are a routine feature of the exploration financing landscape, and their completion signals that the company is maintaining investor support and has credible near-term operational plans to put the capital to work. The willingness of institutional investors to participate at $0.12 per share provides a datapoint on market sentiment toward Felix Gold's project pipeline and management team at the current stage of development. As the company applies the raised capital to its exploration activities and reports on progress, the degree to which field results substantiate the geological thesis underlying the investment will be a key driver of future sentiment and further financing capacity. The cleansing notice, by ensuring the new shares are freely tradeable, also supports liquidity for the new investors and helps maintain an orderly and functional market in the company's securities following the placement.