Juggernaut Exploration Ltd. announced a non-brokered private placement of up to 18,750,000 flow through units at an issue price of CAD 0.16 per unit for proceeds of CAD 3,000,000 on April 3, 2023. The transaction will include participation from returning investor Crescat Portfolio Management LLC. Each flow through unit will consist of one flow-through common share plus one warrant to purchase one non flow-through common share at CAD 0.20 for a twenty-four month period.

The transaction is expected to close on or before May 15, 2023. The Company may pay finder's fees of the gross proceeds from the financing in cash, and compensation options on units being sold. The transaction is subject to TSX Venture Exchange approval.

All shares issued pursuant to this offering and any shares issued pursuant to the exercise of warrants will be subject to a four-month hold period from the closing date.