Mr. Rick Trotman reports

BARKSDALE RESOURCES ANNOUNCES "BEST EFFORTS" PRIVATE PLACEMENT OF A MINIMUM OF $2.0 MILLION OF UNITS

Barksdale Resources Corp. has entered into an agreement pursuant to which Cormark Securities Inc. as sole agent has agreed to sell, on a best effort private placement basis, a minimum of approximately five million common share units in the capital of the company at a price of 40 cents per unit for gross proceeds of $2.0-million.

Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at an exercise price of 60 cents for a period of three years following the closing of the offering.

In connection with the offering, the company shall pay a cash commission and broker warrants exercisable at the issue price for a term of three years.

The net proceeds of the offering will be used for property maintenance payments, trade payables and general corporate purposes.

The offering is expected to close on or about Dec. 29, 2023, or such other date as the company and the agent may agree, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the acceptance of the TSX Venture Exchange.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units will be offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. Because the offering is being completed pursuant to the listed issuer financing exemption, the securities issued to Canadian resident subscribers in the offering will not be subject to a hold period pursuant to applicable Canadian securities laws.

There is an offering document related to the offering that can be viewed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

We seek Safe Harbor.