ExGen Announces $1,000,000 Private Placement
ExGen Announces $1,000,000 Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
VANCOUVER, British Columbia, June 09, 2026 -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”) is pleased
to announce that it intends to complete a non-brokered private placement offering of up to 10,000,000 units at a price of $0.10
per unit, for gross proceeds of up to $1,000,000 (the “ Private Placement ”). Each unit will consist of one (1) common share
and half of one (1/2) common share purchase warrant. Each whole warrant will entitle the holder thereof to acquire one (1)
common share at a price of $0.15 per share for a period of one (1) year after the closing. The warrants have an acceleration
provision whereby if the closing price of ExGen’s common shares on the TSX Venture Exchange (the “TSXV”) is at least $0.20
for a period of ten (10) consecutive trading days (whether or not trading occurs on all such days), ExGen will have the right to
accelerate the expiry date of the Warrants to 30 days from the date of issuance of a news release by ExGen announcing the
accelerated exercise period.
ExGen intends to complete the Private Placement using available prospectus exemptions under securities laws including the
accredited investor exemption and the close friends, family and business associates exemption. Any investors interested in
participating in the Private Placement should contact ExGen pursuant to the contact information set forth below. Closing of the
Private Placement is anticipated to occur on or around June 30, 2026. A finder’s fee of up to 6% of the gross proceeds of the
Private Placement may be paid in cash or ExGen common shares on all or any portion of this Private Placement. The net
proceeds from the Private Placement will be used for potential exploration on ExGen’s properties, potential future acquisitions
and general working capital.
It is not anticipated that any new insiders will be created, nor that any change of control will occur, as a result of the Private
Placement. Any participation by insiders of ExGen in the Private Placement will be on the same terms as arm’s length
investors. There is no minimum aggregate subscription amount for the Private Placement, but completion of the Private
Placement is subject to all regulatory approvals, including the TSXV acceptance. Depending on market conditions, the gross
proceeds of the Private Placement could be increased or decreased. All securities issued in connection with the Private
Placement will be subject to a hold period of four months and one day from the date of closing. For further details on the
Private Placement, please contact ExGen at the contact information set forth below.
The financing announced by ExGen’s February 12, 2026 news release will not be occurring.
ABOUT EXGEN RESOURCES INC.
ExGen is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and
partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the
upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across
exploration stages and various commodity groups. ExGen currently has 8 exploration projects in Canada and the US, 4 NSR
Royalties on projects in the Golden Triangle, BC, Canada and ExGen also holds a Silver Stream on the past producing
Andacollo gold mine in Chile, which is slated for a near-term production restart.
For more information on ExGen please contact:
ExGen Resources Inc.
Jason Tong
Chief Financial Officer
Email: [email protected]
Cell: 604-889-7827
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.
Forward-Looking Information: This news release contains certain forward-looking information. All statements included herein,
other than statements of historical fact, are forward-looking information and such information involves various risks and
uncertainties. In particular, this news release contains forward-looking information in relation to: the Private Placement,
including, the gross proceeds of the Private Placement, the potential closing date of the Private Placement, the potential use
of proceeds of the Private Placement, including potential exploration on ExGen’s properties, and potential future acquisitions ,
the potential exemptions used for the Private Placement, any potential finder’s fee paid on the Private Placement, and the
potential accelerated expiry date of the warrants; ExGen’s business model, goals and approach as a project accelerator,
including ExGen’s intention to fund projects through joint ventures and partnerships, and its intention to diversify its portfolios
of projects across exploration stages and commodity groups; and the near-term production restart of the Andacollo gold mine
in Chile. There can be no assurance that such information will prove to be accurate, and actual results and future events could
differ materially from those anticipated in such information. This forward-looking information reflects ExGen's current beliefs
and is based on information currently available to ExGen and on assumptions ExGen believes are reasonable. These
assumptions include, but are not limited to: the current share price of ExGen's common shares; TSXV acceptance and market
acceptance of the Private Placement; ExGen’s current and initial understanding and analysis of its projects; ExGen's general
and administrative costs remaining constant; market acceptance of ExGen's business model, goals and approach; the
availability of potential acquisitions and prices acceptable to ExGen; and the feasibility and reasonableness of conducting
exploration on, and developing any of, ExGen’s projects. Forward-looking information is subject to known and unknown risks,
uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of ExGen to
be materially different from those expressed or implied by such forward-looking information. Such risks and other factors may
include, but are not limited to: the early stage development of ExGen and its projects; there is no certainty that the ongoing
work programs by ExGen or its partners will result in significant or successful exploration or development of its projects, or
development of any of its projects into a producing mine; uncertainty as to the actual results of exploration or development
activities; uncertainty as to the availability and terms of future financing on acceptable terms; uncertainty as to timely
availability of permits and other governmental approvals; ExGen may not be able to comply with its ongoing obligations
regarding its projects; general business, economic, competitive, political and social uncertainties; capital market conditions
and market prices for securities, junior market securities and mining exploration company securities; commodity prices,
including copper, gold, silver, lithium and zinc prices; the actual results of current exploration and development or operational
activities; competition; changes in project parameters as plans continue to be refined; accidents and other risks inherent in the
mining industry; lack of insurance; delay or failure to receive board or regulatory approvals; changes in legislation, including
environmental legislation or income tax legislation, affecting ExGen; conclusions of economic evaluations, if any; and lack of
qualified, skilled labour or loss of key individuals. A description of other risk factors that may cause actual results to differ
materially from forward-looking information can be found in ExGen's disclosure documents on the SEDAR+ website at
www.sedarplus.ca. Although ExGen has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information.
ExGen does not undertake to update any forward-looking information except in accordance with applicable securities laws.