Adelayde arranges $1-million private placement

Mr. James Nelson reports ADELAYDE ANNOUNCES PRIVATE PLACEMENT TO FUND GOLD DRILL PROGRAM IN ESMERALDA COUNTY, NEVADA Adelayde Exploration Inc. has arranged a private placement to finance its planned gold drill program in Esmeralda county, Nevada. James Nelson, president of Adelayde, stated: "With gold prices trading at record highs and with under 29 million shares currently outstanding, there has never been a better time for a drill program on our gold project in Esmeralda county, Nevada. Nevada is one of the premier addresses for silver and gold mining in the world. This financing will strengthen our working capital, allowing us to be more agile in the future when allocating resources for projects and a robust marketing effort. Given our current market capitalization of less than $2-million, any success in the ground could have an outsized impact on Adelayde's valuation." The company announces a private placement financing to raise gross proceeds up to $1-million through an issuance of up to 20 million units at a price of five cents per unit. Each unit will comprise one common share in the capital of the company and one transferable share purchase warrant. Each warrant will entitle the holder thereof to acquire one additional share at a price of 7.5 cents per warrant share until 5 p.m. Vancouver time five years from the closing of the financing. All securities issued in connection with the financing are subject to a statutory hold period expiring four months and one day after the closing of the financing. Net proceeds will be used toward the company's general working capital. Finders' fees may be paid to eligible finders in connection with the financing. If you have any questions regarding this placement, please contact Mr. Nelson directly at 1-604-646-6903 or [email protected]. About Adelayde Exploration Inc. Adelayde's projects include three lithium projects in Clayton Valley, Nevada: the 1,136-acre McGee lithium clay deposit, which has a resource estimate of 1,369,000 indicated tonnes and 723,000 inferred tonnes of lithium carbonate equivalent (LCE) for a total of 2,092,000 tonnes of LCE, directly bordering Pure Energy Minerals and Century Lithium Corp.; the 280-acre Elon lithium brine project, which has access to some of the deepest parts of the only lithium brine basin in production in North America; and the 124-acre Green Clay lithium project. The company also holds the 248-acre Clayton Ridge gold project in Esmeralda county, Nevada; as well as the 4,722-acre George Lake South antimony project and the 4,890-acre Sisson North tungsten project, both located in New Brunswick. We seek Safe Harbor.