Crestview Exploration Inc. announced a non-brokered private placement on August 10, 2023. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable into one common share of the company at a price of CAD 0.16 per common share for a term of two-years from the date of issuance. The securities issued under the offering will have a hold period expiring four months and one day from the date of issuance. The transaction is subject to the approval of regulatory authorities including approval of the Canadian Securities Exchange. The securities offered in the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended.

On the same date, the company issued 1,303,000 units at a price of CAD 0.08 per unit for the gross proceeds of CAD 104,240 in its first tranche closing. The company will pay CAD 4,300 in cash and issue 54,000 warrants as compensation to qualified finders as part of this offering.