South Atlantic Gold Secures $500,000 Loan for Pedra Branca Project Development

Vancouver, B.C. — July 31, 2025 — Leads & Copy — South Atlantic Gold Inc. (TSX-V: SAO) has secured a $500,000 loan via an unsecured promissory note agreement with a non-arms length party. The loan, bearing an 8% annual interest rate and maturing in 24 months, will fund short-term working capital and the continued development of the Pedra Branca project.

The lender is a related party, making the transaction a "Related Party Transaction" under Multilateral Instrument 61-101. The company is exempt from formal valuation and minority shareholder approval requirements, as the transaction's fair market value does not exceed 25% of the company's market capitalization.

No finders’ fees were paid in connection with the loan.

Douglas Meirelles, President and CEO, can be reached at 250-762-5777 or ir@southatlanticgold.com for more information.

Source: South Atlantic Gold Inc.