Early Warning Notice Regarding Dixie Gold Inc.

(TheNewswire)

This press release is issued pursuant to MultilateralInstrument 62-104 - Take-Over Bids and Issuer Bids and NationalInstrument 62-103 - TheEarly Warning System and Related Take-Over Bid and Insider ReportingIssues.

Calgary, Alberta, May 23,2025 – TheNewswire -Mr. Ryan Kalt (the “Acquiror”) reportsthat he has acquired additional common shares (the “Acquired Shares”)
of Dixie Gold Inc. DG(“Dixie Gold” or the “Issuer”),represented by 806,000 common shares acquired on a direct and indirectbasis between November 21, 2024 and May 23, 2025 (inclusive), and theaggregate of said shares representing 2.54% ofthe common shares of the Issuer, with such shares having beenpurchased through open market facilities. Thecommon shares had aggregate direct and indirectopen-market consideration of $35,340 paid for them.

The Acquiror is an approved “Control Person” of theIssuer (as that term is defined by securities regulations).

As at the date hereof, Mr. Kalt now owns and/orcontrols, on a direct and indirect basis (and in the aggregate), atotal of 12,489,875 common shares of Dixie Gold, representingapproximately 39.35% of the Issuer’s currently issued andoutstanding common shares.

A Form 62-103F1 is associated with this early warningnews release and may be found on SEDAR+.

Mr. Kalt and/or corporate entities owned by him mayacquire additional securities of theIssuer either on the open market or throughprivate acquisitions or sell securities of theIssuer either on the open market or throughprivate dispositions in the future depending on market conditions,reformulation of plans and/or other relevant factors. Other than theforegoing, Mr. Kalt and/or corporate entities owned by him do not haveplans or any future intentions which relate to or would result in anyof the other foregoing matters.

“Ryan Kalt”

Ryan Kalt

The Form 62-103F1 – Required Disclosure under the Early Warning Requirementsassociated with this news release can beobtained from SEDAR+ atwww.sedarplus.ca. In the alternate, to obtain acopy of the report, please contact Mr. Kalt at 1.403.454.2984.

The TSX Venture Exchange has notreviewed, approved or disapproved the contents of this pressrelease.

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