Tsodilo Resources Ltd. announced a non-brokered private placement of 1,042,500 units at an issue price of CAD 0.30 per unit for the gross proceeds of CAD 312,750 on April 29, 2024. Each Unit will consist of one common share and one Common Share purchase warrant each such Warrant entitling the holder to purchase one Common Share of the Company for a period of 24 months from the date of closing at an exercise price of CAD 0.41002 ($0.30). The Common Shares and the Warrants comprising the Units and the Common Shares underlying the Warrants will be subject to a four month plus a day hold period from the date of closing per applicable regulatory requirements.

Closing of the Private Placement is subject to, among other things, receipt by the Company of TSX Venture Exchange approval.