Auric Resources Corp. Closes Private Placement for $215,000

Aug 19, 2026 — Leads & Copy — Auric Resources Corp. announced today the successful closing of its non-brokered private placement, raising $215,000 in gross proceeds. The Company issued 4,300,000 common shares at a price of $0.05 per share. These shares are subject to a hold period that will expire on December 18, 2026.

The net proceeds from this offering are designated for property-related expenditures and general working capital purposes. In connection with the closing, the Company also paid finders’ fees totaling $4,500.00 to third parties who facilitated the introduction of subscribers.

A notable participant in the offering was a director of the Company, who subscribed for 1,000,000 shares at the issue price. This participation constitutes a related-party transaction under Multilateral Instrument 61-101. Exemptions from valuation and minority shareholder approval requirements were utilized, as the company's securities are not listed on a specified market and the fair market value of the shares issued to the insider does not exceed 25% of the company's market capitalization.

The company elected not to file a material change report at least 21 days in advance of the closing because the insider's participation had not been confirmed at that earlier time.

The securities offered have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction where such an offer or solicitation would be unlawful.

Source: Auric Resources Corp.