Zonte Metals Inc. announced a non-brokered private placement of up to 2,500,000 common share units at a price of CAD 0.10 per unit for the gross proceeds of CAD 250,000 on April 3, 2023. Each unit will consist of one common share and one share purchase warrant entitling the holder to acquire one additional common share at a price of CAD 0.18 for a period of 36 months from the date of issuance. Eligible finders will be entitled to a finders fees in connection with securities sold pursuant to the transaction of cash in an amount equal to 6%of the aggregate gross subscription proceeds received from the sale of securities and finders warrants equal to 6% of the number of securities sold in the Financing, each such finders warrant exercisable at any time up to 60 months following its date of issuance to purchase one common share of the company at an exercise price of CAD 0.20 per share.

All finders fees will be subject to and in accordance with exchange and regulatory policies. The securities issued pursuant to the transaction will be subject to a four-month and one day statutory hold period. The transaction is subject to TSX Venture Exchange approval.