Denarius Metals Corp has announced non-brokered private placement of up to 40,000,000 common shares at a price of CAD 0.5 per common share for gross proceeds of up to CAD 20,000,000 on August 9, 2023. The Offering is subject to receipt of TSX Venture Exchange approval. The common shares issuable in connection with this Offering will be subject to a hold period expiring four months and one day after the date of issuance.

The company also announced that it has granted a total of 400,000 stock options to two third party firms providing advisory and consulting services to the Company. Each stock option is exercisable at CAD 0.55 per common share for a three-year term to expiry. The stock options will fully vest by the first anniversary of the respective advisory and consulting agreements.

The closing of the transaction will occur on or about September 6, 2023.