Borealis Mining Company Ltd.'s filing statement dated July 29, 2024, has been filed with and accepted by the TSX Venture Exchange, and a copy will be filed on the company's profile on SEDAR+.

Effective at the opening of Wednesday, Aug. 7, 2024, the common shares of the company will commence trading on the TSX Venture Exchange.

Securities issued pursuant to the concurrent financing are as follows.

Financing type:  private placement

Gross proceeds:  $2,712,500

Offering:  5,425,000 listed shares with 2,712,500 warrants attached

Offering price:  50 cents per listed share

Warrant exercise terms:  75 cents per warrant until Sept. 14, 2025

Commissions in securities:  51,200 finders' warrants

Commission terms:  Each non-transferable broker warrant is exercisable at a price of 50 cents until Sept. 14, 2025.

Corporate jurisdiction:  British Columbia

Capitalization:  an unlimited number of common shares in the capital of the company with no par value, of which 83,220,583 common shares are issued and outstanding

Escrowed securities:  12.12 million listed shares

Transfer agent:  TSX Trust Company

Trading symbol:  BOGO

Cusip No.:  09972D 10 6

The company is classified as a gold and silver ore mining company (NAICS No. 212220).

For further information, please refer to the company's filing statement dated July 29, 2024, a copy of which will be filed on the company's profile on SEDAR+.