Etruscus Resources Corp. (CSE: ETR) (OTC: ETRUF) (FSE:ERR) (the 'Company' or 'Etruscus') is pleased to report the closing of its previously announced non-brokered private placement, subject to final CSE Exchange approval.

The Financing consists of common shares, without warrants, priced at $0.05 per share. A total of $200,000 has been raised with 4,000,000 common shares being issued.

The proceeds from the Financing will fund general working capital and ongoing project work. Closing of the financing is subject to usual regulatory approvals.

All issued common shares are subject to a hold period of four months and one day from the date of issuance which will expire on May 13, 2024. In connection with the Financing, insiders of the Company participated in the placement for a total of $57,500, being 1,150,000 common shares.

About Etruscus

Etruscus Resources Corp. is a Vancouver-based exploration company focused on the acquisition and development of precious metal mineral properties. The Company's assets include the Lewis Property in central Newfoundland totalling 2,567 hectares ('ha'), which is under option to acquire a 100% interest, and the 100%-owned Rock & Roll property comprising 29,344 ha near the past producing Snip mine in Northwest B.C.'s prolific Golden Triangle. Etruscus thus has exploration properties in two of Canada's most active gold camps.

Etruscus is traded under the symbol 'ETR' on the Canadian Securities Exchange, 'ETRUF' on the OTC and 'ERR' on the Frankfurt Stock Exchange. Etruscus will have 48,085,361 common shares issued and outstanding, after giving effect to this private placement.

Contact:

Fiore Aliperti

President & CEO

Tel: 604-336-9088

Email: info@etruscusresources.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act') or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This Press Release may contain statements which constitute 'forward-looking' statements, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including quarterly and annual Management's Discussion and Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.

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