Earthwise Minerals Announces Private Placement

VANCOUVER, BC / ACCESS Newswire / June 19, 2025 / Earthwise Minerals Corp. (CSE:WISE) & (FSE:966) ("Earthwise" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement financing (the "Offering") of up to 6,000,000 flow through common shares ("FT Share") at a price of $0.04 per share and up to 7,000,000 non-flow through units ("NFT Units") at a price of $0.03 per unit for gross proceeds of up to $450,000.

Each NFT Unit shall consist of one common share in the authorized share structure of the Company ("NFT Share") and one common share purchase warrant ("NFT Warrant"). Each NFT Warrant will entitle the holder thereof to purchase one common share at an exercise price of $0.05 for a period of 24 months from the date of issuance.

Each FT Share shall consist of one common share in the authorized share structure of the Company ("FT Share"). The FT Shares are intended to qualify as "flow-through shares" within the meaning of the Income Tax Act (Canada) (the "Tax Act"). The gross proceeds from the sale of the FT Shares will be used to incur "Canadian exploration expenses" that are intended to qualify as "flow-through mining expenditures" as those terms are defined in the Tax Act, which the Company intends to renounce to the purchasers of the FT Shares.

Completion of the Offering is subject to customary conditions, including regulatory approvals. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the Closing Date.

The proceeds from the FT Offering will be used to advance the Company's exploration activities and continue unlocking value at the Iron Range Gold Property in British Columbia. The Company intends to use the proceeds from the NFT Offering for general working capital.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful

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