Silver North Announces Upsize of Brokered LIFE Private Placement for Gross Proceeds of up to C$7.0 Million

Core Viewpoint - Silver North Resources Ltd. has increased the maximum gross proceeds of its private placement from C$5,000,000 to C$7,000,000 due to strong investor demand [1] Group 1: Offering Details - The Company will sell up to 5,000,000 units at C$0.40 per unit and up to 8,928,572 flow-through units at C$0.56 per unit [1] - Each unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one common share issued as a flow-through share and one-half of a warrant [2] - An option has been granted to Red Cloud to sell up to an additional C$1,000,000 in any combination of units and flow-through units prior to the closing of the offering [3] Group 2: Use of Proceeds - Gross proceeds from the offering will be used for exploration and related programs on the Company's Haldane and Veronica properties, as well as for working capital and general corporate purposes [4] - Proceeds from the sale of flow-through shares will be used to incur eligible Canadian exploration expenses related to the Company's Haldane and GDR projects before December 31, 2027 [5] Group 3: Regulatory and Closing Information - The offering will be conducted in compliance with applicable regulatory requirements and is expected to close on or about February 5, 2026, subject to necessary approvals [6][8] - The offered securities will be available for sale to purchasers in specific Canadian provinces and will also be offered in the United States under private placement exemptions [6]