Not an Offer to Sell OR a Solicitation to Buy Any Securties IN the United States of America.
NOT AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURTIES IN THE UNITED STATES OF
AMERICA.
NEWS RELEASE
Capella – Financing Update
August 31, 2023– Vancouver, BC – Capella Minerals Ltd (TSXV: CMIL; OTCQB: CMILF; FRA: N7D2)
(“Capella” or the “Company”) wishes to advise that the Company has received TSXV Exchange
acceptance to extend closing of the placement until September 25, 2023. The private placement
was previously announced (June 5, 2023) as a non-brokered private placement of up to 33M units
at a price of C$0.03 per unit for gross proceeds up to C$1,000,000 (“Private Placement”).
All other terms of the Private Placement remain the same.
This news release does not constitute an offer to sell o r a solicitation of an offer to buy nor shall
there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful, including any of the securities in the United States of America. The securities
have n ot been and will not be registered under the United States Securities Act of 1933, as
amended (the “1933 Act”) or any state securities laws and may not be offered or sold within the
United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the
1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration requirements is available.
On Behalf of the Board of Capella Minerals Ltd.
“Eric Roth”
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About Capella Minerals Ltd
Capella is engaged in the acquisition, exploration, and development of quality mineral resource
properties in favourable jurisdictions with a focus on European base and battery metals projects.
In Norway, the Company’s f ocus is on : i) the advanced exploration -stage Hessjøgruva copper -
cobalt project and the adjacent Kongensgruve and Kjøli projects in the northern Røros mining
district, Trøndelag province, ii) the discovery of satellite high-grade copper-cobalt deposits around
the past-producing Løkken copper mine, Trøndelag province, and iii) the discovery of new copper-
cobalt deposits in the former Vaddas-Birtavarre mining district of northern Norway.
The Company is also exploring the Northern Finland Gold -Copper project in the Central Lapland
Greenstone Belt , together with JV partner Cullen Resources Ltd (ASX: CUL). A total of five
exploration permit have now been approved, including the priority Killero Cu-Au target. In central
Finland, the Company´s focus is on the discovery of lithium and rare -earth element deposits at
both its Perho reservation, in addition to an extensive package of properties in the broader Keliber
district through a JV with European Energy Metals Corp (formerly Hilo Mining)(TSXV: FIN).
Capella also retains exposure to exploration success in precious metals projects through its active
Canadian Joint Ventures with Prospector Metals Corp. (TSXV: PPP) at Savant (Ontario) and Agnico
8681 Clay Street, Mission, BC, Canada V4S 1E7.
[email protected] +1.604.314.2662 www.capellaminerals.com
Eagle Mines Ltd (formerly Yamana Gold Inc. )(TSX/NYSE: AEM) at Domain (Manitoba). The
Company also holds a 49% interest in the Sierra Blanca low sulfidation gold-silver project in Santa
Cruz, Argentina, which is currently being explored by Austral Gold Ltd (TSXV: AGLD; ASX: AGD).
Capella Contacts
Eric Roth
Email: [email protected]
Karen Davies, +1.604.314.2662
Cautionary Notes and Forward-looking Statements
This news release contains forward -looking information within the meaning of applicable securities
legislation. Forward-looking information is typically identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. Such
statements include, without limitation, statements regarding the fu ture results of operations, performance and
achievements of Capella, including the timing, completion of and results from the exploration and drill programs
described in this release . Although the Company believes that such statements are reasonable, it can give no
assurances that such expectations will prove to be correct. All such forward-looking information is based on certain
assumptions and analyses made by Capella in light of their experience and perception of historical trends, current
conditions and expected future developments, as well as other factors management believes are appropriate in the
circumstances. This information, however, is subject to a variety of risks and uncertainties and other factors that could
cause actual events or results to differ materially from those projected in the forward -looking information. Important
factors that could cause actual results to differ from this forward -looking information include those described under
the heading "Risks and Uncertainties" in Capella’s most recently filed MD&A. Capella does not intend, and expressly
disclaims any obligation to, update or revise the forward -looking information contained in this news release, except
as required by law. Readers are cautioned not to place undue reliance on forward -looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.