Private Placement Upsized

Executive Summary

• Silver Grail Resources Ltd. announced an upsized non‑brokered private placement of up to 5,000,000 units at $0.23 per unit, targeting gross proceeds of up to $1,150,000.
• Each unit consists of one common share and one warrant exercisable at $0.33 for two years; no finder’s fees or commissions are attached.
• Proceeds will fund 2025 exploration on the Ram property, additional work on other Golden Triangle assets, and general corporate purposes.

Key Details

• Offering Size: Up to 5,000,000 units (previously announced on Oct. 2, 2025).
• Price per Unit: $0.23 → Gross Proceeds: up to $1,150,000.
• Unit Composition: 1 common share + 1 warrant; each warrant convertible into one common share at $0.33, exercisable for two years from closing.
• Hold Period: All securities subject to a four‑month hold period post‑closing.
• Fees: No finder’s fees or other commissions.
• Use of Proceeds:
• Exploration of the Ram property in 2025.
• Further exploration on additional Golden Triangle mineral properties.
• General corporate purposes.
• Insider Participation: Anticipated participation by certain insiders; deemed a “related party transaction” under MI 61‑101 but exempt from formal valuation and minority‑shareholder approval requirements because the fair market value will not exceed 25% of market cap and the company is not listed on the specified exchanges.
• Regulatory Approval: Offering subject to TSX Venture Exchange approval.

Notable Quotes

“We are pleased to announce the upsized offering, which reflects strong investor demand and provides us with the capital needed to advance our exploration program in the Golden Triangle.” – Dino Cremonese, President & CEO

Materiality: Material – Positive (significant financing that enables continued exploration activities).