On December 1, 2023, Juggernaut Exploration Ltd. closed the transaction. The company issued 1,402,460 units at an issue price of CAD 0.13 per unit for the gross proceeds of CAD 182,319.8 in second and final tranche. The transaction has been received approval from the TSX Venture Exchange. The company has raised 13,495,076 units for aggregate gross proceeds of CAD 1,754,360. Each unit consists of one common share and one common share purchase warrant, each warrant being exercisable for an additional common share of the company at an exercise price of CAD 0.25 for 36 months from the date of issue, subject to the right of the company to accelerate the exercise period to 30 days if, after the expiry of the four-month hold, shares of the company close at or above CAD 1.00 for 10 consecutive trading days. All securities issued pursuant to this offering are subject to a four-month plus 1 day hold period from the date of issuance. The Financing was effected with one insider, subscribing for CAD 50,000.08 or 384,616 Units, that portion of the Private Placement. The Company has paid cash finder's fees totaling CAD 12,129 and issued 93,300 non-transferable Broker Warrants as follows: National Bank Financial for CAD 904.80 in cash and 6,960 Broker Warrants; PI Financial Corp. CAD 4,017 in cash and 30,900 Broker Warrants; Red Cloud Securities Inc. for CAD 1,443 in cash and 11,100 Broker Warrants; Haywood Securities Inc. for CAD 5,764.20 in cash and 44,340 Broker Warrants. Broker Warrants are exercisable at CAD 0.25 for 24 months from the date of issue.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 38 placees including existing insider involvement of one insider for 384,616.