Denarius Metals Corp. announced non-brokered private placement of up to 20,000,000 units at a price of CAD 0.40 per unit for gross proceeds of up to CAD 8,000,000 on March 6, 2023. Each Unit will be comprised of one common share and one common share purchase warrant.

Each warrant will be exercisable to purchase one common share at a price of CAD 0.60 per share for a period of three years from the date of the closing of the transaction. It is anticipated that the closing of the offering will occur on or about March 31, 2023. Completion of the offering is subject to receipt of TSX Venture Exchange approval.

All of the securities issuable in connection with the offering will be subject to a hold period expiring four months and one day after the date of issuance.