Auric Minerals Corp. Announces Commencement of New LIFE Offering and Proposed Debt Settlement

Executive Summary

• Auric Minerals Corp. is launching a new non‑brokered private placement (“LIFE Offering”) of 7,142,857 to 9,523,810 units at $0.21 per unit, targeting gross proceeds of $1.5 M–$2.0 M.
• Each unit includes one common share and one warrant exercisable at $0.30 for up to 24 months.
• The company will also settle consulting/legal debt of $288,000 by issuing 1,028,570 shares at a deemed price of $0.28 per share; CEO Chris Huggins participates in the settlement as a related‑party transaction.

Key Details

• Units Offered: Minimum 7,142,857 Units; Maximum 9,523,810 Units.
• Unit Price: $0.21 per Unit.
• Gross Proceeds Target: Minimum $1,500,000; Maximum $2,000,000.
• Composition of Each Unit:
• 1 common share of Auric Minerals Corp.
• 1 common share purchase warrant (exercise price $0.30, exercisable for 24 months).
• Finder’s Fees & Additional Warrants: Up to 6% of gross proceeds may be paid in cash finder’s fees and/or non‑transferable warrants equal to up to 6% of Units issued to those investors.
• Offering Exemption: Listed Issuer Financing Exemption (NI 45‑106) – offered in all Canadian provinces except Québec; no hold period for Canadian resident subscribers, but insiders/consultants subject to a four‑month hold.
• Closing Date: Expected on or about 2026‑04‑30, or any date within 45 days of the release, subject to CSE approval and customary conditions.

Debt Settlement

• Shares Issued for Settlement: 1,028,570 common shares at a deemed price of $0.28 per share.
• Total Debt Settled: $288,000 (excluding GST) for past consulting and legal services.
• Hold Period on Settlement Shares: Statutory four‑month hold following settlement closing.
• Related Party Participation: CEO & director Chris Huggins will receive 53,571 shares through a company he owns; transaction qualifies as a related‑party under MI 61‑101 exemptions.

Notable Quotes

• “The new LIFE Offering allows us to continue advancing our exploration programs while providing flexibility for investors,” – Chris Huggins, CEO & Director.

All forward‑looking statements are subject to risks and uncertainties; actual results may differ.