Mr. Jake Kalpakian reports

37 CAPITAL ANNOUNCES CLOSING OF THE FLOW-THROUGH FINANCING

37 Capital Inc., further to its news release dated June 5, 2023, has closed the flow-through financing for gross proceeds of $50,000 through the issuance of two million flow-through units of the company. Each flow-through unit will consist of one flow-through common share and one non-flow-through share purchase warrant to acquire one non-flow-through common share of the company at the price of five cents until July 24, 2028. All securities issued in connection with this financing include a hold period in accordance with applicable securities laws.

The funds raised will be used toward mineral exploration expenditures on the company's mineral property in the province of British Columbia.

Two insiders acquired an aggregate of two million flow-through units of the private placement financing. The issuance of units to the insiders is considered a related party transaction subject to Multilateral Instrument 61-101. 37 Capital is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(c) and 5.7(1)(b) of Multilateral Instrument 61-101.

We seek Safe Harbor.