BRS Resources Ltd. announced a non-brokered private placement of 2,000,000 flow-through units at an issue price of CAD 0.10 per flow-through unit for the gross proceeds of CAD 200,000 and 15,000,000 non-flow-through units at an issue price of CAD 0.10 per non flow-through unit for the gross proceeds of CAD 1,500,000; aggregate proceeds of CAD 1,700,000 on December 21, 2022. Each flow-through unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one common share at a price of CAD 0.10 per common share for the period of three years following the closing of the transaction. Each non flow-through unit consists of one common share and one common share purchase warrant with each warrant entitling the holder to purchase one common share at a price of CAD 0.10 per common share for a period of three years following the closing of the transaction.

All securities issued in connection with the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. The transaction may include finder's fees commission's payable in cash and/or securities. Insiders may participate in the transaction.