At-The-Market Subscription Agreement

Flynn Gold has entered into an At-The-Market Subscription Agreement (ATM) with Dolphin Corporate Investments Pty Ltd.

The ATM provides Flynn with up to $2,000,000 of standby equity capital over the next 3 years.

A key advantage for the Company utilising the ATM is the ability to control the timing of capital issuances with minimal dilution. There are no additional options, attaching options or rights, that are common in traditional equity placements.