Minaurum Gold Inc. (“Minaurum”) is pleased to announce that its previously announced private placement (see News Release dated May 8, 2018) is oversubscribed and it is increasing the private placement to $7,000,000, subject to TSX Venture Exchange approval. In addition, Minaurum has now closed the second tranche of the private placement raising $909,999.45. Total gross proceeds raised in the first two tranches are $5,702,499.45.