Auric Minerals Corp. Announces LIFE Offering and Provides Clarification of Hold Period for Prior Security Issuance

Executive Summary

• Auric Minerals Corp. announced a non‑brokered private placement (“LIFE Offering”) of 2.4 M–4.8 M units at $0.25 per unit, targeting gross proceeds of $600 K–$1.2 M.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.33 exercisable for 24 months after a 60‑day post‑closing lock‑up.
• The offering is expected to close on or about February 27 2026 (or within 45 days of the release) and is subject to CSE approval and standard regulatory conditions.

Key Details

• Units Offered: Minimum 2,400,000; Maximum 4,800,000 units.
• Pricing: $0.25 per unit.
• Gross Proceeds Target: Minimum $600,000; Maximum $1,200,000.
• Unit Composition:
• 1 common share of Auric Minerals Corp.
• 1 common share purchase warrant (exercise price $0.33, exercisable for 24 months beginning 60 days after closing).
• Finder’s Fees: Up to 6% of gross proceeds may be paid in cash to finders who introduce investors.
• Additional Warrants: Non‑transferable warrants equal to up to 6% of the aggregate number of units may be issued to such investors.
• Exemptions & Hold Periods:
• Offering relies on the Listed Issuer Financing Exemption (LIFE) under NI 45‑106; available in all Canadian provinces except Québec.
• No hold period for Canadian resident subscribers, but insiders/consultants face a four‑month CSE‑mandated hold.
• Closing Date: Expected on or about February 27 2026, or any date within 45 days of this release at the Company’s discretion.
• Regulatory Conditions: Subject to customary closing conditions, including CSE approval.

Clarification of Prior Hold Periods

• The Company reiterated that securities issued in its December 31 2025 and January 8 2026 releases (22 M shares & 8 M warrants from the Bellview property acquisition) remain subject to an Extended Hold until ten days after the later of:
• Filing of a technical report for the acquired properties, or
• Filing of unaudited interim financial statements for the period ended January 31 2026 that disclose the acquisition.

Notable Quotes

• “We are pleased to provide investors with this financing opportunity, which will support our ongoing exploration activities across our uranium and gold projects,” – Chris Huggins, CEO & Director, Auric Minerals Corp.