Golden Pursuit Resources Ltd. announced a private placement of up to 2,400,000 non-flow-through units at an issue price of CAD 0.125 per unit for proceeds of up to CAD 300,000 and up to 3,333,333 flow-through units at an issue price of CAD 0.15 per unit for proceeds of up to CAD 500,000 for aggregate gross proceeds of up to CAD 800,000 on October 11, 2022. Each non-flow-through unit consists of one common share and one share purchase warrant for the purchase of one common share for the price of CAD 0.15 and having an exercise period of two years. Each flow-through unit consists of one common share and one share purchase warrant for the purchase of one common share for the price of CAD 0.20 and having an exercise period of two years.

The company shall pay finders' fees comprising a combination of cash and warrants. All securities issued will be subject to a four-month hold period which will expire on the date that is four months and one day from the date of issue.