Tempus Resources Ltd. announced that is has closed its previously announced non-brokered private placement on October 9, 2023, raising gross proceeds of approximately CAD 621,691 (AUD 714,945) through the issuance of 31,084,560 fully paid ordinary shares in the Company at a price of CAD 0.02 (AUD 0.023) per Placement Share. The Placement Shares were issued under Company's capacity under the Australian Securities Exchange Listing Rules 7.1 and 7.1A. The Placement Shares rank equally with existing fully paid ordinary shares of the Company.

As there was no distribution of Placement Shares in Canada, the Placement Shares are not subject to any statutory hold period. The Private Placement has been conditionally approved by the TSX Venture Exchange and remains subject to final acceptance of the TSXV. In accordance with the policies of the TSXV, the Company is relying on a minimum price exception in order to issue securities at less than CAD 0.05 per listed security.

Total gross proceeds of approximately CAD 721,691 will be used for further exploration, resource confirmation, geological sampling and testing, and for general working capital purposes. None of the proceeds are expected to be paid to "Non-Arm's Length Parties" or towards Investor Relations Activities. Empire Capital Partners and Aesir Capital Pty Ltd. acted as joint lead managers for the Private Placement.

The Private Placement is non-brokered and the Company has agreed to pay to the Joint Lead Managers a cash finder's fee of AUD 42,897.