Gold Hunter Launches C$1.25 Million Private Placement for Drilling

Gold Hunter Resources Inc. has announced a non-brokered private placement expected to generate gross proceeds of up to C$1.25 million, aimed at advancing its flagship Great Northern Project in Newfoundland. This financing initiative marks a significant step as the company prepares to implement its first systematic drilling program.

The offering will consist of two types of units: up to 14,545,455 flow-through units, priced at C$0.055 each, and up to 9,000,000 units at C$0.05 each. Red Cloud Securities Inc. will serve as a finder in connection with the offering. Each flow-through unit will include one common share classified as a “flow-through share” under Canadian tax legislation and half of a common share purchase warrant, while each unit will comprise one common share and one common share purchase warrant.

Sean Kingsley, President and CEO of Gold Hunter, commented on the private placement, noting, “This financing is about positioning Gold Hunter at the exact moment it transitions from consolidation and preparation into drilling.” He highlighted the company’s control over a district-sized project within a prominent mining region and noted the completion of modern geophysical studies that have helped identify promising targets.

The proceeds from the sale of flow-through units will be directed towards eligible “Canadian exploration expenses” related to the Great Northern Project, with all qualifying expenditures renounced to subscribers by December 31, 2025. The net proceeds from the sale of units will be allocated for working capital and general corporate purposes.

Details of the Offering and Corporate Strategy

The closing of the offering is contingent upon obtaining all necessary regulatory approvals, including those from the Canadian Securities Exchange. Securities issued will be subject to a statutory hold period, lasting four months plus one day from the issuance date, as per applicable securities laws. Finder’s fees may apply in compliance with CSE policies.

Gold Hunter has also updated its investor presentation, which is now available on its website. The presentation outlines the company’s extensive land position, results from a completed VTEM geophysical survey, and its data-driven targeting strategy as it moves closer to launching its initial drilling program.

The Great Northern Project encompasses 26,237 hectares and features over 35 kilometers of strike length along the Doucers Valley Fault Structure. This area has the potential for significant mineralization, with over 50 kilometers of identified splays and secondary faults.

Gold Hunter is dedicated to responsible exploration practices, stakeholder engagement, and maximizing long-term shareholder value.

This news release contains forward-looking statements regarding the expected size and completion of the offering, as well as planned exploration activities. These statements are based on management’s reasonable assumptions and are subject to various risks and uncertainties, including market conditions and regulatory approvals.

For further information, interested parties can contact Sean Kingsley at [email protected] or via phone at +1 (604) 440-8474.

This announcement is not an offer to sell or a solicitation of an offer to buy securities in the United States, where such securities have not been registered under U.S. securities laws.

ON BEHALF OF THE BOARD OF DIRECTORS:
(signed) Sean Kingsley
President & Chief Executive Officer