Pucara Gold Ltd. announced that it has signed the arrangement agreement with new investor Copper Standard to issue 8,415,765 units at an issue price of CAD 0.03 per unit for the gross proceeds of CAD 252,472.95 on September 10, 2024. Each unit will include one share and one-half of one common share purchase warrant, with each whole warrant entitling the purchase of one share at a price of CAD 0.05 per share for a period of five years from the date of issuance. The financing is expected to close within five days of this announcement.

Pursuant to the arrangement agreement and subject to satisfying all necessary conditions and receipt of all required approvals, the parties anticipate completion of the transaction by the end of 2024. Following completion of the transaction, company shares will be delisted from the TSX-V and Lima Stock Exchange and company will cease to be a reporting issuer under Canadian securities laws.