Mr. Christopher Reynolds reports

GOLCAP CLOSES PRIVATE PLACEMENT

Golcap Resources Corp. has closed its non-brokered private placement previously announced on Oct. 20, 2023. The company has raised $150,000 through the issuance of three million warrants at a price of five cents per warrant. Each warrant is exercisable by the holder to purchase one common share at a price of 2.5 cents for a period of five years expiring Oct. 27, 2028. Proceeds will be used for mineral exploration and general working capital. The warrants will be subject to a four month hold period expiring Feb. 28, 2024.

About Golcap Resources Corp.

Golcap Resources is a mineral exploration company involved in the exploration and development of mineral properties including the initial Tulameen project. At present none of the company's mineral properties are at commercial development or production stage.