$17.5 million Capital Raise Led by Franklin Templeton

• $15m Placement led by Franklin Templeton
• Share Purchase Plan targeting $2.5 million
• Funds to advance Central Gawler Mill and Tunkillia Gold Project

Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) has received firm commitments to raise $15 million (before costs) from existing and new specialist North American institutional precious metals funds through a placement. The placement is priced at $1.25 per share, for the issuance of 12 million new shares. The company also plans to offer a Share Purchase Plan (SPP) targeting $2.5 million (before costs) to eligible existing Barton shareholders, with shares to be issued at the same price as the placement. The placement is led by Franklin Templeton, one of the world's largest institutional precious metals funds, which will invest $11.25 million to acquire an initial interest of around 3.8% in Barton's expanded equity capital structure. Proceeds from the placement and SPP will be used to advance programs targeting the commissioning of Barton's Central Gawler Mill for 'Stage 1' operations, and the Tunkillia Gold Project, including completing a Pre-Feasibility Study and submitting a Mining Lease application, by the end of 2026.