Eureka Lithium Corp. announced a non-brokered private placement to issue 2,000,000 units at an issue price of CAD 0.50 per unit for the gross proceeds of CAD 1,000,000 on October 6, 2023. Each Unit shall consist of one common share and 0.5 common share purchase warrant with each Warrant entitling the holder thereof to purchase a Share at an exercise price of CAD 0.65 for a period of 24 months from the date of issuance.

Closing of the Private Placement is anticipated to occur on or about the week of October 30, 2023. Closing is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals. Finders' fees may be paid to eligible arm's length persons with respect to certain subscriptions accepted by the Company.

The Private Placement is to be completed pursuant to the LIFE Exemption, the securities issued in connection with the Private Placement will not be subject to resale restrictions in accordance with applicable Canadian securities laws.