Mr. Rick Trotman reports

BARKSDALE RESOURCES ANNOUNCES UPDATE ON "BEST EFFORTS" PRIVATE PLACEMENT OFFERING DOCUMENT

Barksdale Resources Corp. has filed a further amended and restated copy of the offering document related to the company's private placement originally announced Dec. 20, 2023, in respect of its offering of common share units in the capital of the company at a price of 40 cents per unit, which was conditionally approved by the TSX Venture Exchange on Jan. 5, 2024.

The offering document has been updated to include material information with respect to the company closing a first tranche of the offering, which took place on both a brokered basis through Cormark Securities Inc. and on a non-brokered basis with Canaccord Genuity Corp. Please see the news release dated Jan. 9, 2024. The closing of a second tranche of the non-brokered offering is scheduled to occur in the next week or on such date as may be determined by the issuer and investors, provided that in no event shall the closing be later than the 45th day following the date that the initial news release announcing the offering was disseminated.

The offering document was also updated to include material information with respect to updated news regarding the receipt of TSX Venture Exchange acceptance in connection with the extension of the maturity date of the secured convertible debentures held by two funds administered by Delbrook Capital Advisors Inc. by one year until Dec. 31, 2024. Please see the news release dated Jan. 11, 2024.

An amended and restated copy of the offering document is accessible 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.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 (Prospectus Exemptions), the units are being 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.

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