Tuktu Resources Ltd. announced a brokered private placement of 40,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,000,000 on April 17, 2024. Each unit shall be comprised of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant shall entitle the holder thereof to purchase one common share at an exercise price of CAD 0.075 for a period of 36 months from closing of the offering.

The company has granted the agent an option to offer for sale up to an additional 15% of the number of units sold in the offering. The common shares and warrants underlying the units issuable in the offering will be subject to the standard statutory four-month-plus-one-day hold period. It is expected that the closing of the offering will occur on or about May 6, 2024, or such other date as mutually agreed to by the Agent and the company, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The Company has granted the Agent an option (the "Agent's Option") to offer for sale up to an additional 15% of the number of Units sold in the Offering, which Agent's Option is exercisable, in whole or in part, at any time up to 48 hours prior to the closing of the Offering.