Bullet Exploration Inc. announced a non-brokered private placement to issue 20,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,000,000 on August 28, 2023. Each Unit comprised of one common share and one common share purchase warrant at a price of CAD 0.05 per Unit and each Warrant will be exercisable for one additional common share of at a price of CAD 0.075 per share for a period of twelve months following the closing of the Financing. The Company may pay finder's fees in connection with the Financing.

Certain directors, officers and insiders of the Company may participate in the Financing. Completion of the Financing is subject to TSX-V acceptance, and all securities issued pursuant to the Financing will be subject to a hold period of four months and one day as required under applicable securities legislation.