Kingsview Minerals Ltd. announced a private placement to issue 4,006,000 flow-through units at a price of CAD 0.085 per FT Unit for gross proceeds of CAD 340,510 on December 29, 2022. Each FT Units consisted of one common share issued as a flow-through share and one half of one common share purchase warrant. Each full warrant will be exercisable for one common share of the Company for two years from the date of issue at a price of CAD 0.12.

In accordance with applicable Canadian securities laws, all securities issued pursuant to the private placement with be legended with a hold period of four months and one day from the date of issuance. In connection with this financing, the company paid a cash finders' fee of CAD 26,520 and issued 312,000 finders' warrants. Completion of the private placement and payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including approval of the Canadian Securities Exchange.