PJX Resources Inc. announces non brokered private placement 4,444,444 Flow Through Units at a issue price of CAD 0.36 per Flow Through Unit for gross proceeds CAD 1,599,999.84, 6,666,667 Strategic Units at a issue price of CAD 0.225 per Strategic Unit for gross proceeds CAD 1,500,000.075, 2,500,000 Non-Strategic Units at a issue price of CAD 0.20 per Non-Strategic Unit for gross proceeds of CAD 500,000 resulting aggregate gross proceeds of CAD 3,599,999.915 on April 15, 2024. Each Flow Through Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant acquired as part of a Flow Through Unit will entitle the holder to purchase one common share at an exercise price of CAD 0.45 for 24 months following completion of the Private Placement. Each Strategic Unit and Non-Strategic Unit consists of one common share and one-half of one common share purchase warrant. Each whole warrant acquired as part of a Strategic Unit will entitle the holder to purchase one common share at an exercise price of CAD 0.45 for 24 months following completion of the Private Placement. The transaction will include participation from Linda Brennan and James Clare, directors of company have subscribed for a total of 375,000 Non-Strategic Units. The securities issuable in connection with the Private Placement will be subject to a statutory hold period in Canada which will run for four months from the date of the respective closings of the Private Placement. The component of the Private Placement that has not already been completed, being the issuance of the Non-Strategic Units, is expected to close on April 15, 2024. The Private Placement is subject to compliance with applicable securities laws and to receipt of the final approval and acceptance of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction will include participation from nine placees and 2 existing insiders for 375,000 units.