Opus One Announces Units and Flow-Through Shares Private Placement

MONTREAL, Quebec, March 25, 2025 (GLOBE NEWSWIRE) -- Opus One Gold Corporation (OOR : TSXV) (“Opus One” or the “Company”), is pleased to announce a non-brokered private placement for gross proceeds of up to $2,000,000 (the “Offering”) from the sale of (i) units of the Company at a price of $0.055 per unit (“Units”) with each Unit being comprised of one common share of the Company and one-half of one share purchase warrants (each whole warrant a “Warrant”) for total gross proceeds of $500,000 and (ii) flow-through shares of the Company (“FT Shares”) for total gross proceeds of $1,500,000. Each FT Share shall be issued at price per FT Share of $0.065 and will be issued as a “flow-through share” as such term is defined in the Income Tax Act (Canada).

Each Warrant will entitle thereof the right to acquire one additional common share of the Company at a price of $0.10 per share for a period of 24 months following the closing of the Offering. The Units and FT Shares will be offered by way of the “accredited investor” exemption under National Instrument 45-106 – Prospectus Exemptions in all the provinces of Canada. The Units and FT Shares will be subject to a four-month hold period in Canada following the closing of the Offering.

The gross proceeds from the issuance of the FT Shares will be used for Canadian exploration expenses and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2026 and renounced to the subscribers with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares. In addition, with respect to Québec resident subscribers of FT Shares and who are eligible individuals under the Taxation Act (Québec), the Canadian exploration expenses will also qualify for inclusion in the “exploration base relating to certain Québec exploration expenses” within the meaning of section 726.4.10 of the Taxation Act (Québec) and for inclusion in the “exploration base relating to certain Québec surface mining expenses or oil and gas exploration expenses” within the meaning of section 726.4.17.2 of the Taxation Act (Québec).