Mineral Mountain Resources Ltd. announced a non-brokered private placement of 50,000,000 units at an issue price of CAD 0.10 per unit for the gross proceeds of CAD 5,000,000 on February 28, 2023. Each Unit will consist of one common share one common share purchase warrant. Each Warrant will be exercisable to acquire one Share at a price of CAD 0.25 per Share for a period of 12 months from the date of issuance.

The Company may pay finder's fees on a portion of the Offering, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. The closing of the transaction is subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued pursuant to the transaction will be subject to a four-month hold period in accordance with applicable Canadian securities laws.