Fokus Mining Corporation announced a private placement that it will issue up to 11,250,000 units at a price of CAD 0.04 per unit for the gross proceeds of CAD 450,000 on December 4, 2023. Each of the units will comprise one common share and one common share purchase warrant. Each unit warrant will entitle its holder to acquire one additional common share of company at a price of CAD 0.06 for a period of four years from the closing date.

No finder fees or commissions are expected to be paid in connection with the private placement. All securities issued under this private placement will be subject to applicable resale restrictions under applicable securities laws and to the exchange hold period. The transaction remains subject to the approval of the exchange.