Zeus North America Mining Corp. Announces Repricing of Private Placement

Executive Summary

• Zeus North America Mining Corp. announced a repriced non‑brokered private placement to raise up to $2,000,000 by selling 20,000,000 units at $0.10 per unit.
• Each unit consists of one common share and half of a common share purchase warrant (full warrant allows purchase of an additional share at $0.15 for two years).
• Proceeds will fund exploration on Idaho and Nevada copper‑silver projects (including the flagship Cuddy Mountain Project) and general working capital.
• Following completion of the placement, Zeus intends to execute a 2‑for‑1 share consolidation, reducing the post‑consolidation share count from ~87.45 M to ~43.73 M shares.

Key Details

• Placement Size: Up to $2,000,000 total gross proceeds.
• Units Offered: 20,000,000 units at $0.10 per unit.
• Unit Composition:
• 1 common share
• ½ of a common share purchase warrant (full warrant = right to buy 1 additional share at $0.15).
• Warrant Terms: Exercise price $0.15 per share; exercisable for two years from issuance.
• Use of Proceeds:
• Exploration programs on Idaho and Nevada copper‑silver projects (Cuddy Mountain, Selway, Great Western).
• General working capital.
• Finder’s Fees: May be payable on all or any portion of the placement, subject to regulatory/exchange approval.
• Placement Conditions: Subject to receipt of necessary approvals, including acceptance by the Canadian Securities Exchange. All securities will carry a resale restriction of four months and one day.
• Share Consolidation Details:
• Ratio: 2 pre‑consolidation shares → 1 post‑consolidation share.
• Pre‑consolidation shares (assuming placement completion): ~87,452,498.
• Post‑consolidation shares: ~43,726,249.
• No fractional shares; any fractional entitlements will be rounded to the nearest whole share with no cash payment.
• Regulatory Notes: Completion of the consolidation is not a condition for the placement and remains subject to regulatory approval.

Notable Quotes

“The repricing of our private placement reflects our commitment to securing capital efficiently while positioning Zeus for continued exploration success at Cuddy Mountain and our other key projects.” – Dean Besserer, President & CEO

All forward‑looking statements are subject to risks and uncertainties detailed in the full release.