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TRX Gold Reports Continuance into the Province of British Columbia

1. TRX Gold completed its continuance to British Columbia effective March 27, 2025. 2. The Buckreef Gold Project has significant gold reserves aiming for increased production. 3. Positive cash flow will fund exploratory drilling to expand mineral resources. 4. The company emphasizes high environmental and social governance in its operations.

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Why Bullish?

Successful corporate reorganization and increased production prospects can positively influence TRX's stock price, echoing past instances where operational advancements led to bullish market reactions.

How important is it?

The article outlines key developments in TRX's operations and strategy, crucial for investor sentiment and stock valuation.

Why Long Term?

The sustained positive cash flow and long-term production increase projections can lead to gradual price appreciation, similar to other mining stocks that benefitted over time from enhanced resource extraction.

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GOLDNEMAUY
March 31, 2025 16:30 ET  | Source: TRX Gold Corporation TORONTO, March 31, 2025 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TRX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is pleased to announce that further to the Company having received the necessary approval of its shareholders at the Company’s annual and special meeting of shareholders held on February 27, 2025, the Company has successfully completed its continuance, effective March 27, 2025, from the jurisdiction of the Province of Alberta into the Province of British Columbia under the Business Corporations Act (British Columbia). The Company’s certificate of continuance and articles of incorporation are available under the Company’s profile on SEDAR+ at www.sedarplus.ca. About TRX Gold Corporation TRX Gold is rapidly advancing the Buckreef Gold Project. Anchored by a Mineral Resource published in May 2020, the project currently hosts a Measured and Indicated Mineral Resource (“M&I Resource”) of 35.88 million tonnes (“MT”) at 1.77 grams per tonne (“g/t”) gold containing 2,036,280 ounces (“oz”) of gold and an Inferred Mineral Resource of 17.8 MT at 1.11 g/t gold for 635,540 oz of gold. The leadership team is focused on creating both near-term and long-term shareholder value by increasing gold production to generate positive cash flow. The positive cash flow will be utilized for exploratory drilling with the goal of increasing the current mineral resource base and advancing the larger project development which represents 90% of current mineral resources. TRX Gold’s actions are led by the highest environmental, social and corporate governance (“ESG”) standards, evidenced by the relationships and programs that the Company has developed during its nearly two decades of presence in the Geita Region, Tanzania. Please refer to the Company’s Updated Mineral Resources Estimate for Buckreef Gold Project, dated May 15, 2020, and filed under the Company’s profile on SEDAR+ and with the SEC on June 23, 2020 (the “2020 Technical Report”) for more information. For investor or shareholder inquiries, please contact: Investor Relations TRX Gold Corporation IR@TRXgold.com 1-437-224-5241www.TRXgold.com The TSX and NYSE American have not reviewed and do not accept responsibility for the adequacy or accuracy of the contents of this press release, which has been prepared by the management of TRX Gold.

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