Goldrea Resources Corp. announced a non-brokered private placement of 2,930,000 units at a price of CAD 0.035 per unit for gross proceeds of CAD 102,550, 400,000 flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 20,000; for aggregate gross proceeds of CAD 122,550 on August 24, 2022. Each unit will consist of one common share and one common share purchase warrant which entitles the holder to buy one share at CAD 0.05 during the two years following the warrant's issuance date.

Each flow-through unit will consist of one flow-through common share and one common share purchase warrant which entitles the holder to buy one share at CAD 0.08 during the two years following the warrant's issuance date. All securities issued under the private placements will be subject to a four-month hold period. The transaction is subject to acceptance by regulatory authorities.