Troubadour Resources Inc. announced a private placement of 335,000 flow-through units at CAD 0.18 per unit for total net proceeds of CAD 60,300 and 2,500,000 non-flow through units at CAD 0.11 per unit for net proceeds of CAD 275,000 for aggregate gross proceeds of CAD 335,300 on May 18, 2022. Each unit consists of one common share plus one common share purchase warrant exercisable into one common share at a price of CAD 0.25 per share for a period of two years. Each flow-through unit consisting of one flow-through common share and one-half of one common share purchase warrants.

A finder's fee maybe paid with respect to the transaction.