American CuMo Mining Corporation provided an update to shareholders. In regard to the recently announced financing by its majority owned subsidiary, International CuMo Mining Corporation, the offering is currently oversubscribed. The offering consists of twenty million units at a price of USD 0.10 per unit. Each unit consists of one share of ICMC and a 5-year warrant to purchase an additional share for USD 0.15. The transaction is subject to the approval and consent of the TSX Venture Exchange. ICMC is presently assembling a team of mining professionals with experience in development, engineering, financing, and permitting to advance the CuMo project to prefeasibility. Announcements regarding the composition of this team will be forthcoming. The Company also announces that American CuMo is offering a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.050 per Unit to raise gross proceeds of up to CAD 600,000. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable to purchase an additional common share of the Company at a price of CAD 0.075 per Warrant Share for a period of five years from the date of issue, subject to an acceleration provision whereby the term of the Warrants may be accelerated if the Company's common shares trade at or above a price of CAD 0.125 per share for a period of 10 consecutive trading days. In such case, the Company may give notice to the holders of Warrants that the Warrants will expire 20 days from the date of providing such notice and the Warrants. The Private Placement is subject to TSX Venture Exchange approval. In connection with the Private Placement and in accordance with TSXV policy, the Company may pay to certain eligible finders a finder's fee for Units sold in the Private Placement. The securities offered pursuant to the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended or any United States state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The proceeds of the private placement will be used to make the final payment of €235,000 under terms of the Bleiberg deal announced March 15, 2021 and for general corporate purposes. At the Bleiberg zinc-germanium-lead-fluorspar project, the Company has begun gathering data from government archives. The focus is on identifying, at the eastern end of the 20 km deposit, the historic reserves that are unmined, targets that have been previously drilled that require additional drilling, and general geological targets for future exploration. The work is expected to take several months due to the volume of information and the impacts of COVID-19.