Golden Rapture Mining Corporation announced a non-brokered private placement to issue 400,000 FT Units at a price of CAD 0.25 per FT Unit, at an issue price of CAD 100,000 and up to 833,333 NFT Units at a price of CAD 0.18 per NFT Unit for the gross proceeds of CAD 149,999.94; aggregate gross proceeds of CAD 249,999.94 on May 28, 2024. Each FT Unit will consist of one common share and one-half of one common share purchase warrant. Each FT Warrant will entitle the holder to acquire one common share of the Company at an exercise price of CAD 0.35 per share for a period for 36 months from the date of issuance of the FT Warrant.

Each NFT Unit will consist of one non-flow-through common share and one common share purchase warrant. Each NFT Warrant will entitle the holder to acquire one common share at an exercise price of CAD 0.25 per share for a period for 36 months from the date of issuance of the NFT Warrant. No compensation or finders fees are payable pursuant to this Private Placement.

The level of insider participation is anticipated to be minimal, and will not result in a new insider control position or materially affect the control of the Corporation. The transaction is expected to close on June 3, 2024.