On February 27, 2023, Portofino Resources Inc. closed the transaction. The company issued 14,710,000 units for gross proceeds of CAD 735,500. The company paid finder's fees of CAD 31,850 and 637,700 finders?

warrants which are exercisable on the same terms as the subscribing investors. All securities to be issued in the transaction will be subject to expiring in June 2023. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 12 placees.