Taurus Gold Corp. Announces Completion Of Private Placement

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - October 29, 2024) - Taurus Gold Corp. (CSE: TAUR) (OTCQB: TARGF) ("Taurus" or the "Company") is pleased to announce that, further to its news release of October 2, 2024, it closed its previously announced non-brokered private placement of units (the "Private Placement") on October 9, 2024, issuing 920,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of $46,000.

Each Unit consists of one common share in the capital of the Company (a "Share") and one-half common share purchase warrant of the Company ("Warrant"). Each whole Warrant entitles the holder to purchase one Common Share (a "Warrant Share") for a period of twenty-four (24) months from the date of issuance at an exercise price of $0.10 per Warrant Share.

The securities issued pursuant to the Private Placement are subject to a four month and one day hold from the date of issuance.

The funds raised pursuant to the Private Placement shall be for general working capital purposes (general and administrative).

No finder's fees were paid in connection with the Private Placement and the Company does not plan to complete any additional closings.

About Taurus Gold Corp.

Taurus Gold Corp. currently has approx. 37 million shares outstanding and is a mineral exploration company with a focus on gold exploration. Taurus Gold Corp. has a 51% ownership and an option to earn a 100% interest in the Charlotte property. The Charlotte property is located in the traditional territory of the Little Salmon Carmacks First Nation.

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