37 Capital announces closing of third and final tranche of the private placement

VANCOUVER, BRITISH COLUMBIA. - 37 Capital Inc. (the 'Company' or '37 Capital') announces further to the Company's news releases dated August 8, 2022, September 21, 2022 and October 7, 2022, the Company has closed the third and final tranche of the non-brokered private placement financing (the 'Private Placement Financing') for gross proceeds of $8,000 through the issuance of 200,000 non-flow through units of the Company.

Each non-flow through unit consists of one common share in the capital of the Company and one share purchase warrant to purchase an additional common share in the capital of the Company at the price of $0. 05 per common share for a period of 5 years. All securities issued in connection with this financing include a hold period in accordance with applicable securities laws. An Insider, through his private company, acquired the 200,000 units of the Company which were issued in this third and final tranche of the Private Placement Financing.

The issuance of units to the Insi der is considered to be a related party transaction subject to Multilateral Instrument 61 -101. 37 Capital is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under section 5.5 and 5.7(1)(b) of Multilateral Instrument 61-101.

Trading in the securities of the Company should be considered speculative

Contact:

37 Capital Inc.

Suite 303, 570 Granville Street.

Vancouver, BC V6C 3P1

Tel: [phone]

Fax: [phone]

WEB: www.37capitalinc.com

Email: [e-mail]

(C) 2022 Electronic News Publishing, source ENP Newswire