Silver North Announces Closing of Brokered LIFE Private Placement for Gross Proceeds of C$11.6 Million

Core Viewpoint - Silver North Resources Ltd. has successfully closed a brokered private placement, raising gross proceeds of C$11,576,985, which includes the full exercise of the agent's option [1] Group 1: Offering Details - The Offering consisted of the sale of 4,982,461 units at C$0.40 per unit and 17,114,286 flow-through units at C$0.56 per unit [1] - Each unit includes one common share and one-half of a common share purchase warrant, while each flow-through unit includes one common share as a flow-through share and one-half of a warrant [2] Group 2: Agent and Fees - Red Cloud Securities Inc. acted as the sole agent and bookrunner for the Offering, receiving cash fees of C$810,388.92 and 1,546,772 non-transferable common share purchase warrants [3] Group 3: Use of Proceeds - The gross proceeds will be allocated for exploration and related programs on the Haldane and Veronica properties in Yukon Territory, as well as for working capital and general corporate purposes [4] - Proceeds from the sale of Charity FT Units will be used for eligible Canadian exploration expenses related to the Haldane and GDR projects, with all qualifying expenditures to be renounced in favor of the subscribers effective December 31, 2026 [5] Group 4: Securities Issuance - A total of 15,696,747 Offered Securities were issued to Canadian purchasers under the listed issuer financing exemption, with 6,400,000 Charity FT Units issued under non-LIFE exemptions, subject to a hold period ending on June 11, 2026 [6] Group 5: Company Overview - Silver North's primary assets include the 100% owned Haldane Silver Project, the Tim Silver Project under option to Coeur Mining, and the GDR (Veronica) project, with plans to acquire additional silver properties in favorable jurisdictions [10]