Showcase Minerals Inc. announced a private placement to issue 1,500,000 units at an issue price of CAD 0.30 per unit for the gross proceeds of CAD 450,000 on October 17, 2023. Each unit will consist of one common share and one two-year share purchase warrant entitling the holder to acquire an additional common share for CAD 0.40 per share. All securities issued pursuant to the private placement will be subject to a four month and one day hold period under applicable securities laws.

The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including but not limited to the approval of the Canadian Securities Exchange.