Zeus North America Mining Corp. Announces Upsizing and Closing of Final Tranche of Private Placement

Executive Summary

• Zeus North America Mining Corp. upsized and closed the final tranche of its non‑brokered private placement, issuing 4,035,000 units at $0.10 per unit for gross proceeds of $403,500.
• Combined with the first tranche, total capital raised to date equals $2,575,500 through issuance of 25,755,000 units.
• Proceeds are earmarked for exploration programs on Idaho and Nevada copper‑silver projects (including Cuddy Mountain) and general working capital.

Key Details

• Units Issued – Final Tranche: 4,035,000 units @ $0.10 per unit → $403,500 gross proceeds.
• Total Capital Raised: $2,575,500 from 25,755,000 units (first + final tranches).
• Unit Composition: Each unit = 1 common share + ½ common share purchase warrant.
• Warrant Terms: Warrants allow purchase of one additional common share at $0.15, exercisable until March 17 2028.
• Finder’s Fees Paid: Cash fee of $29,280 plus non‑transferable broker warrants totaling 242,800 warrants (same terms as other warrants).
• Statutory Hold Period: All securities subject to a four‑month‑plus‑one‑day hold expiring July 18 2026.
• Insider Participation: An insider subscribed for units; transaction qualifies as a related‑party transaction under MI 61‑101, with reliance on exemption provisions.
• Use of Proceeds: Funding exploration programs on Idaho and Nevada copper‑silver projects (Cuddy Mountain Project) and general working capital.

Notable Quotes

• “On behalf of the board of directors.” – Dean Besserer, President and CEO

This release contains forward‑looking statements regarding the use of proceeds and project expectations.