Freeport Resources Inc. announces non-brokered private placement of 100,000,000 units at a issue price of CAD 0.05 per Unit for gross proceeds of CAD 5,000,000on April 4, 2024. Each Unit will consist of one common share of the Company and one-half-of-one share purchase warrant. Each Warrant will entitle the holder to acquire an additional common share at a price of CAD 0.25 for a period of twenty-four months.

The Company may pay finders? fees to eligible third parties who have assisted in introducing subscribers to the Offering. The securities issued in connection with the Offering will be subject to resale restrictions for a period of four-months-and-one-day following issuance, in accordance with application securities laws.

The transaction is subject to the approval of the TSX Venture Exchange.