Carlton Precious Announces Non-Brokered $1 Million Private Placement

Group 1 - Carlton Precious Inc. is undertaking a non-brokered private placement to raise up to $1,035,000 through the issuance of up to 11,500,000 units, each priced at $0.09, comprising one common share and one-half common share purchase warrant [1] - Each warrant will be exercisable at $0.12 for a period of 24 months post the closing date [1] - The net proceeds from the private placement will be used to commence a drilling program at the Esquilache Project in Peru and for general working capital purposes [2] Group 2 - The closing of the private placement is subject to necessary corporate and regulatory approvals, including approval from the TSX Venture Exchange [3] - All securities issued will be subject to a hold period of four months plus a day from the date of issuance [3] - Carlton Precious Inc. is a publicly traded exploration company focused on precious and base metals, with projects in key mining jurisdictions including Peru and Australia [5]