Golden Share Resources Corporation announced a non-brokered private placement of up to 2,500,000 units at a price of CAD 0.05 per unit for gross proceed of up to CAD 125,000, and up to 5,000,000 flow-through shares at a price of CAD 0.05 per flow-through shares for proceeds of up to CAD 250,000, for an aggregate gross proceeds of CAD 375,000 on December 12, 2022. Each unit consist of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at a price of CAD 0.08 for a period of 12 months following the closing of the transaction.

All the securities are subjected to four month and one day hold period after date of issuance. The transaction may include participation from insiders of the company. The transaction may be closed in one or more tranches.

It is anticipated that an initial closing of the transaction will occur on or before December 22, 2022. Completion of the transaction is subject to the receipt of TSX Venture approval.