BMEX Gold Inc. announced a non brokered private placement to issue 35,000,000 flow-through units at an issue price of CAD 0.20 per unit for the gross proceeds of CAD 700,000 and 10,000,000 non-flow-through units at an issue price of CAD 0.02 per unit for the gross proceeds of CAD 200,000; aggregate gross proceeds of CAD 900,000 on December 14, 2023. Each FT Unit consists of one common share and one-half of one common share purchase warrant with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of CAD 0.05 for a period of twenty-four months from the closing date of the Offering. Each NFT Unit consists of one Common Share and one full Warrant.

As consideration for services provided in connection with the Offering, the Company may pay cash finder's fees of up to 7% of the gross proceeds of the Offering. All securities issued pursuant to the Offering will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation. The Offering is subject to certain closing conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.