Vancouver, British Columbia–(Newsfile Corp. – October 2, 2025) – Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) (“Onyx” or the “Company”) is pleased to announce the closing of its previously announced “bought deal” private placement (the “ Offering “) of (a) 4,740,000 common shares of the Company that qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Tax Act (as defined below)) (the “ FT Shares “) at a price of $2.11 per FT Share for aggregate gross proceeds of $10,001,400, and (b) 6,665,733 non-flow-through common shares of the Company (the “ HD Shares “) at a price of $1.50 per HD Share for aggregate gross proceeds of $9,998,599.50, for total gross proceeds of $19,999,999.50 pursuant to the Offering, inclusive of the Option (as defined below).

The Offer

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