Beauce Gold Fields Inc. announced a non-brokered private placement of up to 3,000,000 Flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 150,000 and 7,000,000 Hard dollar units at CAD 0.035 per unit for gross proceeds of CAD 245,000 for the aggregate gross proceeds of CAD 395,000 on November 16, 2023. Each Flow-through unit will be comprised of one flow-through common share and of one half common share purchase warrant of the company. Each full warrant will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of CAD 0.10 for a period of 24 months from the date of closing of the placement and each Hard dollar unit will be comprised of one common share and one common share purchase warrant of the company which will entitle the holder thereof to purchase one common share of the capital stock of the company at a price of CAD 0.05 for a period of 36 months from the date of closing of the placement.

The transaction is subject to approval of the receipt of all necessary regulatory approvals, including the approval of the exchange. The offering will be offered to accredited investors in accordance with applicable securities laws. In connection with the offering, the company may pay finders' fees, as permitted by the policies of the exchange.

Each share issued pursuant to the placement will have a mandatory four-month-and-one-day hold period from the date of closing of the placement. The company anticipates that insiders will subscribe for units and their participation could exceed 25% of the offering.