On November 22, 2023, PJX Resources Inc. closed the transaction. The company has now issued 13,816,422 Flow Through Units at a price of CAD 0.105 per Flow Through Unit for the gross proceeds of CAD 1,450,724.31 and 7,793,616 Non-flow Through Units at a price of CAD 0.09 per Unit for the gross proceeds of CAD 701,425.44; for the aggregate gross proceeds of CAD 2,152,149.75. Each Flow-through Unit consists of one common share and one common share purchase warrant. Each Unit consists of one common share and one common share purchase warrant. Each warrant, whether acquired as part of a Flow-through Unit or Unit, entitles the holder to purchase one common share at an exercise price of CAD 0.20 for 24 months following completion of the Offering. Subject to TSXV Exchange approval, Finders? fees of CAD 30,337.20 cash and 291,709 Finders? Warrants will be paid in relation to the completion of the Offering. The Finders Warrants will entitle the holder to purchase one common share at an exercise price of CAD 0.20 for 24 months following completion of the Offering. The securities issuable in connection with this Offering will be subject to a hold period in Canada which will run for four months from the date of the closing of the Offering. The Offering has received conditional approval from the TSXV Exchange. The transaction was oversubscribed. The transaction also included participation from certain insiders.

The TSXV Exchange has since approved the amount be amended to total Finders? Fees of CAD 39,331.20 cash and 385,309 Finders? Warrants respectively. All other details of the private placement are unchanged.

The TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction included participation from 40 placees, 3 existing insiders for 726,380 units and 5 pro groups for 1,195,000 units.