Silver North Announces Charity Flow Through LIFE Private Placement for Gross Proceeds of up to C$2.1 Million

Jun 23, 2025

Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) is pleased to announce a non-brokered private placement (the “Offering”) for aggregate gross proceeds of up to $2,100,000 from the sale of charity flow-through units of the Company (the “CFT Units”) to be sold at a price of $0.21 per CFT Unit. Each CFT Unit will be comprised of one common share that will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share (a “Warrant Share”) for a period of 48 months from the issue date of the Offered Securities at an exercise price of $0.35 per Warrant Share.

The Company intends to use the gross proceeds raised from the sale of CFT Units for exploration and related programs on the Company’s Haldane and GDR mineral properties in the Yukon Territory.