Resouro Gold Inc. announced a non-brokered private placement of up to 2,000,000 common shares of the company at a price of CAD 0.15 per share for gross proceeds of up to CAD 300,000 on February 22, 2023. In accordance with applicable Canadian securities laws, all securities issued will have a hold period of four months and one day from the date of issuance. The transaction is expected to close on or around March 10, 2023.

Completion of the transaction remains subject to the receipt of all necessary regulatory approvals, including approval of the Toronto Venture Stock Exchange