Mr. Joe Bleackley reports

PATHFINDER CLOSES PRIVATE PLACEMENT

Pathfinder Ventures Ltd. has completed a non-brokered private placement of 25 million common shares at a price of two cents per share for gross proceeds of $500,000.

No finders' fees were paid in connection with the offering. The net proceeds will be used for general working capital and to support the development of the company's Campground expansions and to advance RV (recreational vehicle) resort opportunities within its pipeline. No proceeds will be used for investor relations activities or for payments to non-arm's-length parties. All securities issued are subject to a four-month statutory hold period and a concurrent four-month exchange hold period, expiring June 6, 2024.

Directors and officers of the company purchased an aggregate of 2.75 million shares, representing 11.0 per cent of the total number of shares sold pursuant to the offering, or 2.94 per cent of the issued and outstanding shares following closing. The participation by insiders constitutes a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company has relied upon the exemption from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a), (b) and (c), and sections 5.7(1)(a) and (b), respectively, of MI 61-101.

Extension of convertible debentures

Pathfinder has received TSX Venture Exchange approval and effected the extension of $2,395,000 in principal amount of its Series 2021-07.CD10-A and CD10-B convertible debentures, with the maturity date and conversion term extended from Dec. 1, 2023, to March 1, 2024, and payment of all accrued interest deferred until maturity. All other terms of the convertible debentures will remain the same.

Extension of promissory notes

Pathfinder has reached agreement with the holders of $500,000 in principal amount of non-convertible promissory notes, to extend the maturity date from Dec. 1, 2023, to March 1, 2024, and defer the payment of all accrued interest deferred until maturity. All other terms of the promissory notes will remain the same.

About Pathfinder Ventures Inc.

Pathfinder is developing a network of premier-branded, upscale and family-friendly RV parks and campgrounds under the Pathfinder Camp Resorts name. Pathfinder currently has three camp resorts located in British Columbia and is focused on growing its network through both acquisitions and new construction. The corporation is taking advantage of the rapidly growing market of Canadians who want to experience the great outdoors in an RV.

We seek Safe Harbor.