Goldflare Exploration Inc. announced a private placement that it has issued 4,000,000 flow-through shares at a price of CAD 0.03 per share for the gross proceeds of CAD 120,000 on November 20, 2023. No insiders participated in the offering. All the securities issued are subject to a minimum holding period of four months plus one day.

The transaction is expected to close on November 24, 2023. The transaction is subject to the finalization of formal documentation, regulatory approvals and conditional on the approval of the TSX Venture Exchange.