Rocky Shore Gold Closes Final Tranche of Oversubscribed Non-Brokered Private Placement

TORONTO, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Rocky Shore Gold Ltd. (“Rocky Shore” or the “Company”) (CSE: RSG) is pleased to announce that it has closed the third and final tranche (the “Final Tranche”) of the non-brokered private placement (the “Offering”) previously announced on August 11, 2025. Under the Final Tranche, the Company raised aggregate gross proceeds of $503,500 and issued (i) 6,750,000 units (“Units”), at an issue price of C$0.05 per Unit, with each Unit comprised of one common share of the Company (a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”), and (ii) 3,320,000 Common Shares that qualify as “flow-through shares” (as defined in subsection 66(15) of the Income Tax Act (Canada)) (the “FT Shares”), at an issue price of C$0.05 per FT Share. In total, the Company has sold and issued an aggregate of 31,530,000 Units and 18,470,000 FT Shares for aggregate gross proceeds of $2.5 million pursuant to the full Offering.

Ken Lapierre, President and CEO of the Company, commented, “We thank all those new investors and existing shareholders that supported the Company’s vision. Funds are now in place to continue our ongoing exploration at our Gold Anchor Project in central Newfoundland, which will include an inaugural drill program at the Lane Pond Gold Target in 2025-26. The Lane Pond Gold Target is strategically associated within the prolific Appleton Fault Corridor and has never been drill tested. The Appleton Fault is known to host gold resources and high-grade gold discoveries on the adjoining project to the northeast of Gold Anchor. We remain focused in our efforts to advance Gold Anchor and identify Newfoundland’s next major gold discovery.”

Each Warrant entitles the holder thereof to acquire one additional Common Share, to be issued on a non-flow-through basis, at an exercise price of C$0.10 until October 7, 2028, but subject to accelerated expiry terms following the expiry of the four month and a day hold period. If the Common Shares trade at or above C$0.20 per share for 20 consecutive days, the Company will have the right to accelerate the exercise period to a period ending at least 30 days from the date that notice of such acceleration is provided to the holders of the Warrants.