1844 Announces First Closing of Non-Brokered Private Placement

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For Immediate Release

1844 ANNOUNCES FIRST CLOSING OF NON-BROKERED PRIVATE PLACEMENT

SASKATOON, Saskatchewan, June 30, 2021 (GLOBE NEWSWIRE) -- 1844 RESOURCES

Inc. (TSX-V:EFF) (the “Company” or “1844”) announces, further to its news release of June

24, 2021, that it has closed the first tranche of the non-brokered private placement of common

shares in the capital of the Company (the “Shares”) at $0.05 per Share (the “Offering”) by the

issuance of 7,500,000 Shares for gross proceeds of $375,000. Management and insider have

participated for 8% of the first closing of the Offering.

In connection with the closing of the first tranche of the Offering, the Company has paid cash

finders' fees of $13,900.00, being up to 8% of the aggregate proceeds from the sale of Shares

to purchasers introduced by the finders and issued 140,000 non-transferable share purchase

warrants (the “Finder’s Warrants”), being 4% of the number of Shares sold under the Offering

to purchasers introduced by the finders. Each Finder’s Warrant entitles the holder thereof to

purchase one Share at a price of $0.05 per Share until June 29, 2022. The securities issued

under closing are subject to a four month and a day hold period ending on October 30, 2021.

The net proceeds received from the Offering will be used by the Company for exploration

expenditure in the Province of Quebec and for general working capital. The Company will be

proceeding with the second tranche of the Offering.

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

Press-release 20-09

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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

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.