Exploits Closes Charity Portion of its Flow Through Financing with Quebec Funds

Executive Summary

• Exploits Discovery Corp. closed the charity portion of its flow‑through non‑brokered private placement, issuing 16,666,666 shares at $0.087 each for total proceeds of $1,449,999.94.
• Proceeds will be used to fund eligible Canadian exploration expenses on the company’s Québec gold projects, with expenditures to be incurred by 31 Dec 2026 and renounced to shareholders by 31 Dec 2025.
• A cash finder’s fee of $28,000 was paid; no finder's warrants were issued. The company plans to close the final tranche of its flow‑through financing on or before 30 Dec 2025.

Key Details

• Charity FT Financing: 16,666,666 flow‑through common shares sold at $0.087 per share → gross proceeds $1,449,999.94.
• Hold Period: Shares subject to a four‑month‑plus‑one‑day hold period expiring 25 Apr 2026.
• Use of Proceeds: To incur eligible Canadian exploration expenses (Qualifying Expenditures) on Québec gold projects; expenditures required by 31 Dec 2026 and renounced to shareholders no later than 31 Dec 2025, in an amount not less than the gross proceeds.
• Finder’s Fee: Cash payment of $28,000 to eligible finders; no warrants issued.
• Future Financing: Intent to close the final tranche of the flow‑through financing on or before 30 Dec 2025.
• Regulatory Notices: The release is not an offer in the United States and securities are not registered under the U.S. Securities Act.

Notable Quotes

“This closing is an important endorsement of our Québec strategy and provides incremental funding to execute our winter drilling program on our highest‑priority targets,” – Jeff Swinoga, President & CEO.