Antler Gold Completes Erongo Gold Project Agreement Page 1

Halifax, Nova Scotia–(Newsfile Corp. – September 18, 2024) – Antler Gold Inc. (TSXV: ANTL) (“Antler” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the “Definitive Agreement”) with Fortress Asset Management LLC (“Fortress”) for the Erongo Central Gold Project (the “Project”) in Namibia.

The previously announced binding letter of intent has now been replaced by the Definitive Agreement, under which Fortress may acquire from Antler Gold Namibia (Proprietary) Limited up to a 100% interest in the Project (the “Transaction”). Under the terms of the Definitive Agreement, Fortress will provide aggregate consideration of US$5.5 million and an additional US$6.0 million for exploration expenditures for the Project over the term of the Definitive Agreement. In addition, Antler will retain a 2% net smelter return royalty on the entire Project, with no buy-back provisions. Antler will act as the operator for the Project over its term.