Demesne Announces Closing Of Fourth And Final Tranche Of Private Placement Financing And Additional Corporate Developments

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– Not for publication in the United States or by US news services –

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VANCOUVER, British Columbia, January 17, 2025 (GLOBE NEWSWIRE) — Demesne Resources Limited (CSE:DEME) (OTCQB:DEMRF) (FSE:RK9) ((demesne“or”a company“) is pleased to announce that it has completed the fourth and final tranche (“Fourth slide”) from the previously announced non-brokered private placement financing (“an offer“). Under the Fourth Tranche, the Company issued 1,740,884 common shares of the Company (“Common stock“), at $0.25 per common share for gross proceeds of approximately $435,221.

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The Company received gross proceeds of approximately $2,010,622 under the offering, which was oversubscribed in all tranches.

In connection with the Fourth Tranche, the Company paid a finder’s fee to eligible finders consisting of $11,200 in cash and 44,800 common stock warrants (“Finder commandsEach Finder Warrant is exercisable to acquire one common share of capital stock of the Company at an exercise price of $0.25 per common share for a period of 12 months.

The Company will use the net proceeds of the offering to fund certain payments pursuant to an option agreement in connection with the IMA Mine Project, certain payments pursuant to an option agreement in respect of the STAR Project, and expenses related to the work program, marketing and corporate development. And for general working capital purposes. All securities issued in connection with the Fourth Tranche are subject to a statutory holding period of four months plus one day from the date of issue in accordance with applicable securities legislation.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“US securities law”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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Additional corporate developments

The Company also announces that, in accordance with CSE policies, it has entered into a marketing agency agreement (“Marketing agreement“) with an independent company, Global One Media Limited (“One global“) to provide, among other things, social media management, marketing and distribution services to the Company. The term of the Marketing Agreement is for an initial period of six months beginning on November 1, 2024, and the Company will pay Global One a monthly fee of US$3,700, excluding any advertising spend Global One Media has no interest, directly or indirectly, in the Company or its securities, or any right or intention to acquire such interest.

The Company has also entered into an advertising agreement (“Advertising Agreement“) with Gold Standard Media, LLC (“gsm“) to provide, among other things, landing pages, digital marketing, email marketing and influencer marketing. The advertising agreement has a term of six months beginning on January 27, 2025, and the Company will pay GSM a total of US$400,000 and grant 850,000 stock options. Either The parties may terminate this Advertising Agreement at any time.

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ABOUT DEMESNE RESOURCES LTD.

Demesne Resources Ltd. is a British Columbia-based company engaged in the acquisition and exploration of magnetite mineral properties. The Company’s Star Project consists of five contiguous mineral titles covering an area of ​​approximately 4,615.75 hectares and located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement under which it is entitled to acquire an undivided 100% interest in the Star Project. Demesne has also entered into an option agreement, under which it can acquire a 100% interest (subject to a 2% royalty) in the IMA Mine Project, a former underground tungsten producing mine located on 22 patented claims located in East Central, Idaho, US.

Social media links:
LinkedIn: https://www.linkedin.com/company/demesneresources/
tenth: https://x.com/demesneresource
Facebook: https://www.facebook.com/DemesneResources
Instagram: https://www.instagram.com/demesneresources/
YouTube: https://www.youtube.com/@demesneresources

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On behalf of the Board of Directors:

Murray Nye
CEO

1055 West Georgia Street, Suite 1500
Vancouver, British Columbia V6E 0B6
Canada

For more information, please contact:

Murray Nye, CEO
Email: ir@demesneresources.com
Phone: +1 (416) 300-7398
CSE: Diem
otcp:dmrv
FSE:RK9

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this news release.

This press release contains “forward-looking information” that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the Company’s control. Forward-looking statements in this press release include, but are not limited to, statements regarding the use of proceeds from the offering. These statements represent the Company’s current views with respect to future events and are necessarily based on a number of assumptions and estimates that, although considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and contingencies. Uncertainty. Many factors, known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by such forward-looking statements. The Company does not intend, and undertakes no obligation, to update these forward-looking statements or information to reflect changes in assumptions, changes in circumstances or any other events affecting such statements and information other than as required by applicable laws and rules. Systems.

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