Bullet Exploration Inc. announced a non-brokered private placement of up to 6,000,000 common shares at a price of CAD 0.05 per share for gross proceeds of of up to CAD 300,000 on March 21, 2022. The company may receive funding in one or more tranches. The transaction is subject to, among other things, the receipt of all necessary approvals from the TSX Venture Exchange. The Company may pay finder's fees on a portion of the private placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange. All securities issued to be issuable in connection with the offering will be subject to a four-month hold period commencing on the closing date.

On April 27, 2022, the company announced that it is continuing with its undertaking of the non-brokered private placement.