Blue River Resources Ltd. announced a private placement of 60,000,000 units at a price of CAD 0.01 per units for the gross proceeds of CAD 600,000 on March 17, 2023. Each unit will comprise one common share and one share purchase warrant. Each whole warrant will be exercisable at CAD 0.05 per share for a period of five years from closing of the transaction.

A finder's fee may be payable with respect to part of the offering. The transaction is subject to acceptance for filing by the TSX Venture Exchange.