MacDonald Mines Exploration Ltd. announced a non-brokered private placement of 3,100,000 non flow-through units at a price of CAD 0.05 per unit for gross proceeds of CAD 155,000, and 6,000,000 flow through units at a price of CAD 0.05 per unit for gross proceeds of CAD 300,000; for an aggregate gross proceeds of CAD 455,000 on May 5, 2023. Each unit will consist of one Class A non-flow through common share unit in the capital of the Company and one common share purchase warrant of the company. Each FT unit will consist of one common share to be issued on a flow-through basis and one common share purchase warrant. Each FT warrant shall be exercisable to acquire one Common Share at a price of CAD 0.07 per share for a period of 24 months from the closing date of the Offering. All securities sold or issued in connection with the Offering are subject to a hold period of four months and one day from the date of issuance thereof. The Offering is subject to the final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 13 placees, existing insider involvement of 2 insiders for 800,000.