TRU Launches Normal Course Issuer Bid

TORONTO, ON / ACCESSWIRE / December 7, 2023 / TRU Precious Metals Corp. (TSXV:TRU) ("TRU" or the "Company") is pleased to announce its intention to commence a normal course issuer bid ("NCIB") to purchase and cancel up to 9,668,743 common shares of the Company ("Shares''), representing up to 10% of the Company's outstanding Public Float (as defined in TSX Venture Exchange ("TSXV") Policy 1.1 - Interpretation) as at the date hereof.

The NCIB is scheduled to commence on December 11, 2023 and is set to conclude one year later on December 10, 2024, or earlier if the maximum number of Shares sought in the NCIB has been repurchased, or if the Company deems it appropriate to conclude the NCIB before the specified end date.

Purchases will be by way of open market purchases through the facilities of the TSXV and other exchanges, and the Company will pay the market price of the Shares at the time of acquisition. The Company will conduct the NCIB through Hampton Securities Limited. All Shares purchased by the Company will be subsequently cancelled. The Company has not previously purchased any of its issued and outstanding Shares. The NCIB is subject to a maximum aggregate purchase price of any Shares repurchased under the NCIB of $150,000 plus brokerage commissions, as well as the maximum price per Share repurchased under the NCIB of $0.04.

Joel Freudman, Co-Founder and CEO of TRU, commented,"We are pleased to launch the NCIB. We believe TRU Shares are extremely undervalued, as evidenced by TRU's September $3,000,000 strategic financing from Ormonde Mining plc, as well as the expanding pipeline of gold and copper discoveries and targets at our flagship Golden Rose Project.

Our Shares are valuable transaction currency, and their market price ultimately influences the valuation of our Company. By taking the disinflationary step of removing a potentially large number of Shares from circulation, we hope to enhance the value of the remaining currency and our Company. The NCIB will simultaneously consolidate equity ownership of TRU amongst the growing core shareholder base that supports our vision and roadmap to value-creation.

We remain in a market environment where ‘cash is king', and accordingly, have imposed strict limits on the maximum expenditures to be incurred for the NCIB. This measured approach will ensure that TRU has enough funds remaining in treasury post-NCIB to fund ongoing operations until 2026, including a contemplated drill program at the Golden Rose Project in summer 2024."