Carmanah Minerals Corp. announced a non-brokered private placement of 3,478,260 units at a price of CAD 0.115 per unit for aggregate gross proceeds of CAD 400,000 on February 15, 2023. Each Unit will now consist of one common share and one share purchase warrant whereby each warrant enables the subscriber to purchase one additional share for a period of two years from the date of issuance at a price of CAD 0.10 per Share.

A finder's fee may be paid in accordance with the policies of the Canadian Securities Exchange, all securities issued will be subject to a 4 month and one day hold period after closing. Final acceptance is subject to the Canadian Securities Exchange.