Silver Spruce Resources Inc. announced a private placement of up to 33,333,334 units at a price of CAD 0.015 per unit for the gross proceeds of CAD 500,000.01 on April 9, 2024. Each unit will consist of one common share and a warrant to purchase an additional common share at an exercise price of CAD 0.05 per share for a period of five years from the date of the issuance of the warrants. Finder?s fees will be paid on the private placement in accordance with the policies of the TSX Venture Exchange.

All securities issued in connection with the private placement will be subject to a statutory hold period expiring four months and one day from issuance in accordance with applicable securities legislation. Insiders may participate in the private placement. The extent of insider participation, if any, has not yet been determined.

The private placement is subject to the approval of the TSX Venture Exchange.