Heritage Mining Ltd. announced a non-brokered private placement, up to 10,000,000 units at a price of CAD 0.05 per Unit, for aggregate gross proceeds of up to CAD 500,000 on December 29, 2023. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder to acquire one Common Share at an exercise price of CAD 0.075 per Warrant Share on that date that is 24 months from the closing date of the Offering.

Closing of the Offering is expected to occur as soon as practicable and prior to January 12, 2024 and is subject to all customary approvals. The securities issued pursuant to the Offering will be subject to a four month hold period under applicable securities laws. In connection with the Offering, certain finders may receive a cash fee and/or non-transferable finder warrants.