Not for Distribution to United States Wire Services or Dissemination in The United States TORONTO, May 22, 2025 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to report that it has closed a non-brokered private placement of 8,000,000 flow-through shares within the meaning of the Income Tax Act (Canada) (“FT Shares”), which were sold at $0.13 per FT Shares for gross proceeds of $1,040,000 (the “Private Placement”). Mr. Eric Sprott was the sole subscriber ...

Core Points - Sokoman Minerals Corp. has closed the first tranche of its CAD$400,000 non-brokered flow-through private-placement financing, raising CAD$300,000 through the sale of 6,000,000 FT common shares at CAD$0.05 each [1][2] - The company plans to utilize the proceeds from the financing to fund eligible Canadian exploration expenses, which will be renounced in favor of the subscribers of the FT Shares [4] - The company has received CAD$150,000 from the Government of Newfoundland and Labrador through the Mineral Incentive Program to support its exploration efforts [5] Financial Details - The first tranche of the financing includes cash finders' fees totaling CAD$18,000 and 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year [2] - The total treasury of the company is expected to strengthen to approximately CAD$1.3 million following this financing [2] Company Overview - Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in Newfoundland and Labrador, focusing primarily on gold projects [6] - The company's flagship projects include the Moosehead, Crippleback Lake, and Fleur de Lys projects, targeting Dalradian-type orogenic gold mineralization [6] - The company has entered a strategic alliance with Benton Resources Inc. for joint-venture properties in Newfoundland [6][7]