Badlands Resources Inc. announced a private placement to issue 4,000,000 units at an issue price of CAD 0.50 per unit for total gross proceeds of up to CAD 2,000,000 on February 7, 2024. Each unit will consist of one common share of the company and one non-transferable share purchase warrant, with each warrant exercisable to acquire one additional share at a price of CAD 0.75 for a period of two years from the date of issuance. All securities issued under the Placement will be subject to a hold period expiring four months and one day from the date of issuance.

Finders? fees may be payable on all or a portion of the Placement in accordance with the policies of the TSXV. Completion of the Placement is subject to, among other things, the approval of the TSXV.

The company anticipates closing of the Placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals.