Badlands Resources Inc. announced a private placement of up to 4,000,000 units at a price CAD 0.5 per unit for the gross proceeds of CAD 2,000,000 on February 7, 2024. Each unit will consist of one common share of the company and one non transferable share purchase warrant, with each warrant exercisable to acquire one additional share at a price of CAD 0.75 for a period of two years from the date of issue, provided that, after the expiry of all regulatory hold periods on the warrants. All securities issued under the Placement will be subject to a hold period expiring four months and one day from the date of issue.

Finders? fees may be payable on all or a portion of the placement in accordance with the policies of the TSXV. Completion of the Placement is subject to, among other things, the approval of the TSXV.

The company anticipates closing of the placement as soon as practicable subject to receipt of all necessary regulatory approvals.