Goldhills Holding arranges $150,000 private placement

• Goldhills Holding Ltd. announced a proposed private placement on May 12, 2026, to raise up to $150,000 CAD.
• The offering consists of 3,000,000 common shares priced at $0.05 per share.
• Proceeds are designated for general working capital purposes.
• Closing is subject to corporate and regulatory approvals, specifically from the TSX Venture Exchange.
• Historical context includes a multiyear drilling permit received for the Lennac Lake project in May 2025.
• No drill results or resource updates have been reported between the permit issuance (May 2025) and this financing announcement (May 2026).

• The $150,000 raise is immaterial relative to typical exploration budgets for a mining company holding a multiyear drilling permit.
• Raising such a small amount suggests the company has limited cash reserves or lacks access to larger capital markets.
• The timing indicates potential stagnation; nearly one year passed between receiving the drill permit and this financing, with no reported field activity updates in the news history provided.
• Dilution is minimal (3 million shares), but the inability to raise significant working capital is a negative signal for operational continuity.
• The offering price ($0.05) trades at a discount to the recent market price ($0.06), indicating investor demand is weak or management is prioritizing liquidity over valuation preservation.

• Company: Goldhills Holding Ltd., a junior exploration company listed on the TSX Venture Exchange.
• Flagship Project: Lennac Lake project located in the Babine copper-molybdenum porphyry district of central British Columbia.
• Project Status: Received a multiyear, area-based drilling permit from the BC Ministry of Mining and Critical Minerals in May 2025.
• Target: West zone target with historic porphyry Cu-Mo mineralization extending >300m deep.
• Geology: Airborne magnetic and ground induced polarization surveys support targeting future drill holes based on chargeability and magnetic anomalies.