Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

CEO Employment Agreement

On November 6, 2025, Dakota Gold Corp. (the "Company") entered into an employment agreement with its Chief Executive Officer, Dr. Robert Quartermain (the "Quartermain Agreement"). Pursuant to the terms and conditions of the Quartermain Agreement, Dr. Quartermain will receive an annual base salary of at least US$312,000, payable in Canadian dollars at the then-prevailing exchange rate, and will be eligible to participate in the Company's securities-based compensation plans, including the 2022 Stock Incentive Plan. The Quartermain Agreement provides for an employment period of one year, commencing as of August 19, 2025 (such one-year period, the "Employment Period"). If the Company terminates Dr. Quartermain for cause or Dr. Quartermain resigns without good reason during the Employment Period, then Dr. Quartermain is only entitled to receive certain Accrued Benefits (as defined in the Quartermain Agreement). Any other termination of the Quartermain Agreement will not trigger additional severance payments. The Employment Period may also be shortened or extended by mutual agreement of the Company and Dr. Quartermain.

The Quartermain Agreement includes customary provisions, including confidentiality, non-disparagement and cooperation covenants, indemnification consistent with the Company's by-laws, directors' and officers' liability insurance, equitable relief, governing law (Province of British Columbia and applicable laws of Canada), and dispute resolution.

The foregoing description is not a complete description of the Quartermain Agreement and is qualified in its entirety by reference to the full text of the Quartermain Agreement, a copy of which is attached hereto as Exhibit 10.1, and which is incorporated by reference in this Item 5.02.