Cerro de Pasco Resources Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.10 per unit for aggregate gross proceeds of up to CAD 1,000,000 on May 26, 2023. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at an exercise price of CAD 0.25 per share for a period of 24 months from the closing date of the offering.

A finder's fee might be paid on the offering, subject to the policies of the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.