Angel Gold Announces Application for a Management Cease Trade Order For Late Filing of Annual Audited Financial Statements

ANGEL GOLD CORP.

Angel Gold Announces Application for a Management Cease Trade Order For Late Filing of Annual Audited Financial Statements

Vancouver, British Columbia / April 14, 2022 – Angel Gold Corp. (TSX.V: ANG) (“Angel Gold” or the “Company”) announces that it will be unable to file its annual audited financial statements, management’s discussion and analysis and related certifications for the year ended December 31, 2021 (the “Annual Filings”) on or before the prescribed filing deadline of May 2, 2022, as required by National Instrument 51-102 Continuous Disclosure Obligations, and National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings, respectively. The Company anticipates that its auditor will need approximately two weeks to complete the audit of the Company’s annual financial statements.

The Company has filed an application with the British Columbia Securities Commission and the Alberta Securities Commission requesting the issuance of a management cease trade order against the Company’s executive officers and directors instead of a cease trade order against the Company and all of its securityholders.

The Company anticipates that it will file its Annual Filings on or before May 16, 2022. The Company confirms that it will comply with the alternative information guidelines included in National Policy 12- 203 Management Cease Trade Orders, for so long as it remains in default of a specified requirement.

ON BEHALF OF THE BOARD OF DIRECTORS

Christopher P. Cherry Interim CEO and Interim CFO [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.