Exgen Closes First Tranche of Private Placement
Exgen Closes First Tranche of Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
VANCOUVER, British Columbia, June 25, 2026 -- ExGen Resources Inc. (TSX.V: EXG; OTC: BXXRF) (“ExGen”) is pleased
to announce that, further to its June 9, 2026, news release, it has completed the closing of the first tranche of the previously
announced non-brokered private placement offering (the “Private Placement ”), subject to final approval of the TSX Venture
Exchange (“TSXV”). ExGen issued 8,050,000 units at a price of $0.10 per unit, for gross proceeds of $805,000. Each unit
consists of one (1) common share and one-half of one (1/2) common share purchase warrant. Each whole warrant entitles the
holder thereof to acquire one (1) common share at a price of $0.15 per share for a period of two (2) years after the closing. The
terms of the warrants have been amended since ExGen's initial announcement on June 9, 2026, to extend the term and
remove the acceleration clause previously disclosed therein.
The net proceeds from the Private Placement will be used for potential exploration on ExGen’s properties, potential future
acquisitions and general working capital. A finder’s fee of 3% of the gross proceeds of the Private Placement was paid in cash
on a portion of this Private Placement to certain finder’s. ExGen anticipates completing a second tranche closing on or around
July 9, 2026.
All securities issued in connection with the closing of the first tranche of the Private Placement are subject to a hold period
that expires on October 26, 2026. For further details on the Private Placement, please contact ExGen at the contact
information set forth below.
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 potential closing date of the second tranche of the Private Placement, the potential use of proceeds of the
Private Placement, including potential exploration on ExGen’s properties, and potential future acquisitions; 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.