On May 15, 2023, Lake Winn Resources Corp. closed the transaction. The company issued 4,308,334 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 258,500. All securities issued pursuant to the Closing of the Private Placement are subject
to a statutory hold period expiring on September 16, 2023.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 21 placees including existing insider involvement of one insider for 350,000.