Carlton Signs Community Agreement for Esquilache Silver Project and Provides Update on Non-Brokered Private Placement

Group 1 - Carlton Precious Inc. has signed a Community Agreement with the local community of San Antonio de Esquilache in Southern Peru, facilitating further exploration and expediting drilling permits at the Esquilache Silver project [1] - The company plans to implement a drilling program consisting of up to 40 drill holes from no more than 20 platforms to expand the known silver-lead-zinc mineralization at Esquilache, with the initial phase expected to start in fall 2025 [1] Group 2 - The company clarified details regarding its non-brokered private placement, which involved cash commissions totaling $53,799.30 and the issuance of 598,102 finder's warrants, allowing the purchase of common shares at $0.09 each for 24 months [2] - Insiders subscribed for a total of 2,553,389 units in the private placement, which is classified as a related party transaction under TSX Venture Exchange Policy 5.9 and MI 61-101 [2]