Sanatana Resources Inc announced a non-brokered private placement of 4,166,667 flow-through units at an issue price of CAD 0.12 per FT Unit for gross proceeds of CAD 500,000.04 and 5,000,000 non flow-through units at an issue price of CAD 0.10 per NFT unit for the gross proceeds of CAD 500,000; for aggregate total gross proceeds of CAD 1,000,000.04 on December 15, 2023. Each FT Unit will consist of one common share in the capital of the company and one non flow-through share purchase warrant. Each NFT Unit will consist of one share and one share purchase warrant.

Each FT Unit Warrant and NFT Unit Warrant will entitle the holder to purchase one non-flow- through Share at a price of CAD 0.15 per Share for a period of 36 months from the date of closing of the Private Placement. The FT Unit Warrants and the NFT Unit Warrants are non-transferable. The closing of the placement is subject to a number of prescribed conditions, including, without limitations, approval of the TSX Venture Exchange.

Securities issued under the Private Placement will be subject to a four-month hold period which will expire four months and one day from the date of closing of the Private Placement.