Lancaster Resources Announces Financing

Core Viewpoint - Lancaster Resources Inc. is initiating a non-brokered private placement to raise up to $800,000 through the issuance of 16,000,000 common shares at a price of $0.05 per share [1][2]. Group 1: Offering Details - The proceeds from the private placement will be allocated for exploration activities to advance the Lake Cargelligo Gold Project to drill-ready status, exploration at Lac Iris Polymetallic, and general working capital [2]. - Finders fees of up to 8% cash may be paid to qualified finders in connection with the Offering [2]. - The closing of the Offering is expected to occur on March 27, 2026 [4]. Group 2: Company Overview - Lancaster Resources Inc. is a Canadian exploration company with a diversified portfolio of gold and silver exploration projects in established mining jurisdictions [5]. - The company holds a 100% interest in the Lake Cargelligo Gold Project in New South Wales, Australia, covering approximately 62,300 hectares with a history of drilling and exploration [5]. - Lancaster's assets also include the Lac Iris Polymetallic Project in Quebec's James Bay region and the Piney Lake Gold Project in Saskatchewan, providing exposure to gold, silver, and polymetallic exploration opportunities [5].