Early Warning Report And News Release Regarding Securities Of Dixie Gold Inc.

May 22, 2026 5:45 PM EDT | Source: Ryan Kalt

This press release is issued pursuant to Multilateral Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Calgary, Alberta--(Newsfile Corp. - May 22, 2026) - Mr. Ryan Kalt (the " Acquiror ") reports common share divestment in Dixie Gold Inc. (the " Issuer ") through public market sales of 1,600,875 common shares (the " Divested Securities "). The Divested Securities were sold, on a direct basis, during the inclusive period of May 21, 2026 to May 22, 2026.

The Divested Securities (a subtotal of 1,000,875 common shares having been sold today) trigger an Early Warning Report (Form 62-103F1) posted to SEDAR+ (referenced hereby) and this press release.

Before selling the Divested Securities, the Acquiror held 6,287,375 common shares, on a direct and indirect basis, representing approximately 19.81% of the Issuer (alongside 6,000,000 share warrants and 625,000 stock options, then being a 33.66% diluted holding, if exercised).

After selling the Divested Securities, the Acquiror holds 4,686,500 common shares, on a direct and indirect basis, representing approximately 14.77% of the Issuer (alongside 6,000,000 share warrants and 625,000 stock options, being a 29.49% diluted holding, if exercised).

The Divested Securities (representing approximately 5.04% of the Issuer's common shares based on the Issuer reporting 31,737,188 shares outstanding) were sold for an average share price of $0.03 (aggregate gross proceeds of approximately $48,026).

The Acquiror may sell securities of the Issuer either on the open market or through private dispositions in the future or may acquire securities of the Issuer either on the open market or through private acquisitions in the future depending upon market conditions, the Acquiror's investment objectives and/or other relevant factors. Other than the foregoing or as publicly filed, the Acquiror does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.

"Ryan Kalt"

Ryan Kalt

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