On October 19, 2023, Scottie Resources Corp. closed the transaction. The Company issued 104,167 flow-through common shares at a price of CAD 0.24 per FT Share for the gross proceeds of CAD 25,000.08 and 1,000,000 flow-through units at a price of CAD 0.33 per Charity FT Unit for aggregate gross proceeds of CAD 330,000; aggregate gross proceeds of CAD 355,000.08 in third and final tranche. Each Charity FT Unit is comprised of one common share and one-half of one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of CAD 0.35 per Warrant Share for a period of two years from the date of issuance. In connection with the Private Placement, the Company issued 236,100 finder's warrants and paid cash commissions of CAD 53,303 to certain finders. Each Finder's Warrant entitles the holder thereof to purchase one Common Share of the Company at a price of CAD 0.23 per Common Share for a period of two years from the date of issuance. Pursuant to the Private Placement, the Company issued an aggregate of 3,985,000 non-flow through units at a price of CAD 0.23 per NFT Unit for the gross proceeds of CAD 916,550; 4,112,500 Flow through Shares at a price of CAD 0.24 per FT Share for the gross proceeds of CAD 987,000; and 1,000,000 Charity FT Units at a price of CAD 0.33 per Charity FT Unit for the gross proceeds of CAD 330,000; aggregate gross proceeds of CAD 2,233,550. The securities offered in the Third Tranche are subject to a four month and a day transfer restriction from the date of issuance expiring on February 20, 2024.

The TSX Venture Exchange has accepted for filing documentation with respect to a non- brokered private placement. The transaction included participation from 10 placees. The company paid CAD 54,303 as finders fees in cash and 236,100 warrants.