Silver Wolf Exploration Ltd. announced non-brokered private placement of up to 4,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 600,000 on May 24, 2022. Each unit will consists of one common share and one non-transferrable share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.25 at any time upto 18 months from the date of issuance.

The company may pay finder's fee in the transaction. The securities issued in the transaction are subject to a hold period of four months from the closing date. The transaction is subject to approval from the TSX Venture Exchange.