Gold Hunter Resources Inc. (CNSX:HUNT) entered into a property purchase agreement to acquire Marwan II Claim Package from Aubrey Budgell, Donna Lewis, Mark Stockley, Triassic Properties Ltd., Paul Delaney, Rebecca Heathcote, Stephen Stockley Agriculture and Fabrication Inc. (SSAF Inc) and Rod Power for CAD 0.17 million on July 12, 2023. Gold Hunter is also pleased to announce a non-brokered private placement to finance the purchase of the Acquisition Properties as well as further project exploration and development, and for general working capital. The private placement will consist of both flow-through and non-flow-through units as follows: Up to 2,000,000 units (the "NFT Units") at a price of CAD 0.25 per NFT Unit for gross proceeds of up to CAD 500,000.

Each NFT Unit will consist of one common share (an "NFT Share") and one transferable common share purchase warrant exercisable for one additional NFT Share at a price of CAD 0.35 for a period of 24 months (each NFT Share purchase warrant, a "Warrant"). Up to 833,333 flow-through units (the "FT Units") at a price of CAD 0.30 per FT Unit for gross proceeds of up to CAD 250,000. Each FT Unit will consist of one flow-through common share (an "FT Share") and one Warrant.

The transaction is subject to applicable regulatory approvals and is expected to close within ten days.