Melius Metals Corp. completed a non-brokered private placement of 5,475,000 units at a price of CAD 0.25 per unit for gross proceeds of up to CAD 1,368,750 on January 21, 2022. Each unit is comprised of one common share and one-half of one share purchase warrant.

Each full Warrant entitles the holder thereof to purchase one additional Share of the Company for a period of 36-months from closing at a price of CAD 0.40 per share.