On March 6, 2024, Crest Resources Inc. closed the transaction. The company issued 1,900,000 units at a price of CAD 0.04 per unit for a gross proceeds CAD 76,000 in its final tranche. Each unit consists of one common share and one warrant, each warrant entitling the holder to purchase one common share at a price of CAD 0.05 for a period of five years expiring March 6, 2029.

All securities issued are subject to a four month hold period expiring July 7, 2024. Emma Fairhurst, the Company?s Chairperson and Director, acquired 200,000 units. As a result, she now owns, directly and indirectly, 39.31% of the outstanding shares of the Company or 52.03% assuming exercise of all warrants held by Fairhurst and is a ?control person?

as that term is defined under securities legislation.