On November 17, 2022, Golden Pursuit Resources Ltd. closed the transaction. The Company has issued 2,333,333 flow-through units at a deemed price of CAD 0.15 per unit for an aggregate value of CAD 350,000 and 2,680,000 non-flow through units at a deemed price of CAD 0.125 per unit for an aggregate amount of CAD 335,000 for aggregate gross proceeds of CAD 685,000. In accordance with the policies of the TSX Venture Exchange, CAD 5,250 in cash was paid by the Company including the grant of 42,000 compensation warrants to a finder with respect to the private placement.

All of the securities distributed under the private placement are subject to a four-month hold period, which will expire on March 8, 2023. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 8 placees and total pro group involvement of 1 placees for 183,333 units.