Mr. Jeff Swinoga reports
EXPLOITS INCREASES AND CLOSES FINAL TRANCHE OF ITS FLOW THROUGH SHARE PRIVATE PLACEMENT
Exploits Discovery Corp., further to its news releases of Dec. 18, 2025, and Dec. 24, 2025, has increased and closed the final tranche of its non-brokered private placement, and has raised an additional $690,750 through the issuance of 9.21 million flow-through (FT) common shares at a price of 7.5 cents per FT share. The final tranche is subject to a four-month-and-one-day hold period expiring April 30, 2026, in accordance with applicable Canadian securities laws. The FT financing remains subject to final acceptance of the Canadian Securities Exchange.
The company will use the gross proceeds from the FT financing to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as both terms are defined in the tax act) in Canada, including Quebec and Ontario, in connection with the company's exploration portfolio, including advancement activities on its Quebec and Ontario gold projects.
The qualifying expenditures will be incurred on or before Dec. 31, 2026, and the company will renounce the qualifying expenditures to the subscribers of the FT shares with an effective date no later than Dec. 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the FT shares.
The company paid certain eligible finders aggregate cash finders' fees of $37,170 in connection with the FT financing. No finders' warrants were issued. The payment of finders' fees is subject to compliance with applicable securities laws and Canadian Securities Exchange policies.
Directors and officers of the company participated in the financing. The company relied on applicable exemptions from minority approval and valuation requirements under MI 61-101.
About Exploits Discovery Corp.
Exploits Discovery is a Canadian gold exploration company focused on growing ounces in top-tier mining jurisdictions in Quebec and Ontario, anchored by approximately 680,000 ounces of historical gold resources across its Fenton, Wilson, Benoist and Hawkins projects. The company also holds a strategic equity position and royalty exposure to New Found Gold Corp. in Newfoundland following the sale of its Newfoundland claims in 2025. Exploits' strategy is to unlock district-scale potential across its balanced Quebec-Ontario portfolio through systematic, data-driven exploration and strategic partnerships, creating shareholder value through discovery and resource growth.
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