MLK Gold Ltd. announced a non-brokered private placement 10,000,000 non-flow-through unit at a price of CAD 0.05 per unit and 7,142,857 flow through units at a price of CAD 0.07 per FT Unit for aggregate gross proceeds of CAD 1,000,000 on October 7, 2022. Each Unit will comprise one common share and one share purchase warrant. Each Warrant will entitle the holder to purchase a further non-flow-through common share at a price of CAD 0.10 per share for a period of 12 months.

Each FT Unit will consist of one flow-through share and one Warrant. Each CFT Unit will consist of one critical metals flow through share and one Warrant. The company may pay finder's fees at 6% on all or a portion of the transaction subject to the policies of the CSE.

The transaction is subject to regulatory approval.