Tuktu Resources Ltd. announced a private placament of senior secured promissory note for gross proceeds of CAD 1,234,833.60 on May 13, 2024. The promissory note is interest free. The monthly principal payments are required beginning on July 25, 2024 which are calculated as a percentage of the company's production times the realized commodity price.

The maturity date of the promissory note is June 1, 2027.