On July 27, 2023, Murchison Minerals Ltd. closed the transaction. The company amended the terms of the transaction. The company issued issued 9,000,000 Hard Dollar units at a price of CAD 0.06 per HD Unit, 11,500,715 Quebec flow-through units at a price of CAD 0.07 per QFT unit and 2,383,850 National flow-through units at a price of CAD 0.065 per NFT unit for aggregate gross proceeds of CAD 1,500,000.3 in the transaction. The transaction is subject to final acceptance of the TSX Venture Exchange. The company paid finder?s fees of CAD 57,004.82 and 636,994 finder?s warrants. All finder?s warrant issued are subject to a four-month hold period until November 27th, 2023, in accordance with applicable securities laws. Each warrant entitles the holder to purchase one common share at the price of CAD 0.10 for period of 24 months from the date of issuance expiring on July 26, 2025.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 10 placees including existing insider involvement of one insider for 7,000,000 and pro group involvement of one pro group for 2,000,000.