Fred Leigh Disposes of Common Shares in O2Gold Inc.

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) — On March 30, 2021, Fred Leigh, personally and through 2378083 Ontario Inc., a company under Mr. Leigh’s control and direction, disposed of an aggregate of 9,000,000 common shares of O2Gold Inc. (the “Company“) (TSX-V: OTGO), a company with its head office at Suite 900, 65 Queen St. W., Toronto, Ontario M5H 2M5, in a private sale for aggregate gross proceeds to Mr. Leigh of $450,000. Immediately prior to the disposition of the aforesaid securities, Mr. Leigh beneficially owned 9,872,478 common shares of the Company (“Common Shares”), which represented approximately 14.23% of the outstanding Common Shares on a non-diluted basis. As a result of this transaction, Mr. Leigh now beneficially owns 872,478 Common Shares, which represents approximately 1.26% of the outstanding Common Shares on a non-diluted basis.