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    Demesne Announces Closing Of Fourth And Final Tranche Of Private Placement Financing And Additional Corporate Developments

    - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -

    Vancouver, BC, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Demesne Resources Ltd. (CSE:DEME) (OTCQB:DEMRF) (FSE:RK9) (“Demesne” or the “Company”) is pleased to announce that it has completed the fourth and final tranche (the “Fourth Tranche”) of its previously announced non-brokered private placement financing (the “Offering”). Pursuant to the Fourth Tranche, the Company issued 1,740,884 common shares of the Company (“Common Shares”), at a price of $0.25 per Common Share for gross proceeds of approximately $435,221.

    The Company received gross proceeds of approximately $2,010,622 under the oversubscribed Offering across all tranches.

    In connection with the Fourth Tranche, the Company paid finder’s fees to eligible finders consisting of $11,200 in cash and 44,800 Common Share purchase warrants (the “Finder’s Warrants”). Each Finder’s Warrant is exercisable to acquire one Common Share of capital of the Company at an exercise price of $0.25 per Common Share for a period of 12-months.

    The Company will use the net proceeds from the Offering to fund certain payments pursuant to an option agreement in connection with the IMA Mine Project, certain payments pursuant to an option agreement in connection with the Star Project, work program related expenses, marketing & corporate development, and for general working capital purposes. All securities issued in connection with the Fourth Tranche are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

    ADDITIONAL CORPORATE DEVELOPMENTS

    The Company also announces, in accordance with CSE policies, that it has entered into a marketing agency agreement (the “Marketing Agreement”) with an arm’s length firm, Global One Media Limited (“Global One”) to provide, among other things, social media management, marketing and distribution services to the Company. The Marketing Agreement has an initial term of six months that began on November 1, 2024, and the Company will pay Global One a monthly retainer fee of US$3,700, excluding any spending on advertisements. Global One Media does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

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    Demesne Announces Closing Of Fourth And Final Tranche Of Private Placement Financing And Additional Corporate Developments - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES -Vancouver, BC, Jan. 17, 2025 (GLOBE NEWSWIRE) - Demesne Resources Ltd. (CSE:DEME) (OTCQB:DEMRF) (FSE:RK9) (“Demesne” or the “Company”) is pleased to announce that it …