Decade Resources Closes Private Placement for Total Gross Proceeds of $1,040,000

Decade Resources Closes Private Placement

for Total Gross Proceeds of $1,040,000

Stewart, British Columbia--(Newsfile Corp. - October 1, 2024) - Decade Resources Ltd. (TSXV: DEC)

("Decade" or the Company) is pleased to announce that it has closed its previously announced private

placement.

A total of 29,714,286 units were issued on a private placement basis at a price of 3.5 cents per unit, for

aggregate gross proceeds of $1,040,000. Each unit comprised one common share and one

transferable common share purchase warrant, each warrant being exercisable for the purchase of one

additional common share, at a price of $0.06 per share, for a 5-year period.

It is expected that the majority of the proceeds will be used for general working capital purposes. The

Company may use more then 10% of the funds towards exploration on its BC Properties. None of the

proceeds from the financing will be used for payments to non-arm's-length parties of the company other

than normal course compensation of its officers, directors, employees and consultants as part of general

working capital purposes, or to persons conducting investor relations activities.

All securities that were issued are subject to a statutory hold period of four months from the date of

issuance, expiring Jan. 31, 2025, in accordance with applicable securities laws.

In consideration for introducing certain subscribers to the private placement, the company paid a cash

finder's fee totaling $71,400 and issued 2,040,000 warrants at $0.06 to a finder.

The Company further announces that there will not be a Tranche 2 of its Flow Through PP, originally

announced on August 19, 2024. The first trance closed on September 11, 2024. The Company currently

has enough funding to complete the Del Norte option.

Decade Resources Ltd. is a Canadian based mineral exploration company actively seeking

opportunities in the resource sector. Decade holds numerous properties at various stages of

development and exploration from basic grass roots to advanced ones. Its properties and projects are

all located in the "Golden Triangle" area of northern British Columbia. For a complete listing of the

Company assets and developments, visit the Company website at

www.decaderesources.ca

which is

presently being updated. For investor information please call 250-636-2264 or Gary Assaly at 604-377-

7969.

ON BEHALF OF THE BOARD OF DECADE RESOURCES LTD.

"Ed Kruchkowski"

Ed Kruchkowski, President

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release."

"This news release may contain forward-looking statements. Forward-looking statements address

future events and conditions and therefore involve inherent risks and uncertainties. Actual results may

differ materially from those currently anticipated in such statements."

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/225277