1844 Announces a Non-Brokered Private Placement

For Immediate Release

1844 ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT

SASKATOON, Saskatchewan, June 24, 2021 (GLOBE NEWSWIRE) -- 1844 RESOURCES

Inc. (TSX-V:EFF) (the “Company” or “1844”) announces that it intends to complete a non-

brokered private placement for proceeds of up to $375,000,for a total of 7,500,000 shares.

Management and insider will participate for 8% of the non-brokered private placement.

In connection with the Offering, the Company will pay 8% cash finders fee and 4% non-

transferable share purchase, each warrant entitling the holder thereof to purchase one

common share of the Company at a price of $0.05 per share for a period of 12 months from

closing. The securities issued under closing are subject to a hold period of four month and a

day from the date of the closing.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and

energetic metals and underexplored regions “Gaspé, Chibougamau Québec”. With a

dedicated management team, the Company’s goal is to create shareholder value through the

discovery of new deposits.

1844 RESOURCES INC.

(signed) “Sylvain Laberge”

Sylvain Laberge

President and CEO

514.702.9841

Slaberge@1844 resources.com

FORWARD LOOKING INFORMATION

Some of the statements contained in this press release are forward-looking statements and

information within the meaning of applicable securities laws. Forward-looking statements and

information can be identified by the use of words such as “expects”, “intends”, “is expected”,

“potential”, “suggests” or variations of such words or phrases, or statements that certain

actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or

Press-release 20-08

be achieved. Forward-looking statements and information are not historical facts and are

subject to a number of risks and uncertainties beyond the Company’s control. Actual results

and developments are likely to differ, and may differ materially, from those expressed or

implied by the forward-looking statements contained in this news release. Accordingly, readers

should not place undue reliance on forward-looking statements. The Company undertakes no

obligation to update publicly or otherwise revise any forward-looking statements, except as

may be required by law.