Mr. Kyler Hardy reports

BUSCANDO INCREASES SIZE OF PRIVATE PLACEMENT

Further to the news release dated Sept. 18, 2024, Buscando Resources Corp. has increased by 20 per cent the reserved principal amount of its non-brokered private placement to six million units at a price of 10 cents per unit for aggregate gross proceeds of $600,000. Furthermore, the Canadian Securities Exchange has granted an extension to close the offering until Nov. 25, 2024.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share at an exercise price of 15 cents per common share for a period of 12 months from the closing date, subject to an acceleration clause in the event the trading price of the shares equals or exceeds 25 cents for a period of 10 consecutive days.

In connection with the financing, the company may pay a cash finder's fee of 8 per cent and issue 8 per cent in finder warrants. The finder warrants will be exercisable into common shares for a period of 12 months at an exercise price of 15 cents per common share with the same acceleration clause as the warrants.

All securities issued in connection with the offering are subject to a restricted hold period of four months and one day from the date of closing of the offering under applicable securities legislation.

The company intends to use the proceeds raised from the offering for general administrative company expenses and may be used for exploration work on the Foggy Mountain copper project in British Columbia.

The closing of the offering and the above-mentioned Foggy Mountain acquisition are both subject to Canadian Securities Exchange approval.

About Buscando Resources Corp.

Buscando is an exploration company focused on the acquisition, exploration and development of natural resource properties located in Canada.

We seek Safe Harbor.