Pacific Silk Road Resources Group Inc. announced a non-brokered private placement of 2,400,000 common shares of the Company at a price of CAD 0.125 per share for gross proceeds of CAD 300,000 on January 28, 2022. The completion of the transaction is subject to certain customary closing conditions, including the receipt of exchange approval. A cash finder's fee may be paid by the company to an arm's length party in connection with the transaction in accordance with TSXV policies.

The common shares issuable upon completion of the private placement will be subject to a four month hold period.