Mr. Nick DeMare reports

AUSCAN RESOURCES ANNOUNCES FINANCING

Further to a price reservation filed in December, 2023, Auscan Resources Inc. has arranged a non-brokered private placement financing of up to 640,000 units at 13 cents per unit to raise up to $83,200. Each unit will comprise one common share and one-half of a common share purchase warrant, with each whole warrant entitling the holder to purchase an additional share for a period of two years at a price of 17 cents. The warrants will have restrictions, which will prohibit exercise in certain circumstances.

Insiders will be participating in this financing, and proceeds will be used for working capital purposes. The financing is subject to acceptance of filings with the TSX Venture Exchange.