Mr. Archie Nesbitt reports

MARKSMEN ANNOUNCES FINAL CLOSING OF PRIVATE PLACEMENT

Marksmen Energy Inc. has completed a second and final closing of a previously announced non-brokered private placement of units of Marksmen. The company issued 200,000 units at a price of five cents per unit for aggregate gross proceeds of $10,000, bringing the total gross proceeds raised in the offering to $134,500. Each unit comprised one common share and one share purchase warrant of Marksmen. Each whole warrant entitles the holder thereof to purchase one common share at a price of 10 cents per share expiring two years from the date of issuance, subject to acceleration provisions (see news release dated July 12, 2023).

Pursuant to the final closing of the offering, Marksmen paid cash commissions to a qualified non-related party of $800 and issued 16,000 broker warrants, each broker warrant entitling the holder to acquire one common share at a price of five cents per share for a period of one year from the date of issuance. Marksmen intends to use the net proceeds for working capital.

Completion of the offering is subject to regulatory approval, including, but not limited to, the approval of the TSX Venture Exchange Inc. The securities issued are subject to a four-month hold period from the date of issuance.

We seek Safe Harbor.