Tier One Silver Inc. announced a non-brokered private placement of 10,000,000 units at price of CAD 0.25 per unit for gross proceeds of CAD 2,500,000 on April 3, 2023. Each unit shall consist of one common share and one full common share purchase warrant. Each Warrant shall entitle the holder to purchase one common share at a price of CAD 0.35 at any time on or before the date which is 24 months after the closing date of the offering.

The referral fees may be paid on a portion of the proceeds to eligible persons, where permitted by applicable law. The closing of the offering will be subject to certain conditions including, but not limited to, receipt of investor documentation, funds and approvals including the approval of the Canadian Securities Exchange. The offering will have a hold period ending on the day that is four months and one day following its distribution date.

The transaction is expected to close on April 21, 2023.