IN the United St Ates Saville Resources Announces Non-Flow-Through and Flow-Through Private Placement
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
NOT FOR DISTRIBUTION TO UNITED ST ATES NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED ST ATES
SAVILLE RESOURCES ANNOUNCES NON-FLOW-THROUGH AND FLOW-THROUGH PRIVATE PLACEMENT
VANCOUVER, B.C., December 17, 2021 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “ Company”) is pleased to
announce a non -brokered private placement consisting of the issuance of: (i) up to 8,000,000 units (each, an “ NFT
Unit”) at a price of $0.05 per NFT Unit for gross proceeds of up to $400,00 0 (the “ NFT Offering ”), and (ii) up to
12,000,000 shares (each, an “FT Share”) at a price of $0.05 per FT Share for gross proceeds of up to $600,000 (the “ FT
Offering” and, together with the NFT Offering, the “Offering”). Insiders may participate in the NFT Offering.
Each NFT Unit will consist of one common share of the Company (each, an “ NFT Share”) and one non -transferable
common share purchase warrant (each, an “ NFT Warrant”), with each NFT Warrant entitling the holder to purchase
one NFT Share for a per iod of three years following the closing of the Offering (the “ Closing”) at an exercise price of
$0.075 per NFT Share.
Each FT Share will be issued on a “flow-through” basis pursuant to the Income Tax Act (Canada) (each, an “FT Share”).
Finders’ fees may be payable in connection with the Offering in accordance with the policies of the TSX Venture
Exchange (the “Exchange”).
All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months
and one day after closing of the Offering. Completion of the Offering is subject to the approval of the Exchange.
The aggregate gross proceeds from the sale of the NFT Offering will be used for general working capital.
The aggregate gross proceeds from the sale of th e FT Offering will be used for exploration and development of the
Company’s Niobium Claim Group Property in Quebec.
None of the securities sold in connection with the Offering will be registered under the United States Securities Act of
1933, as amended, and no such securities may be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall t here be any sale of the securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Saville Resources Inc.
The Company’s principal asset is the Niobium Claim Group Property, currently under Earn -In Agreement from
Commerce Resources Corp. for up to a 75% interest. The Property consists of 26 contiguous mineral claims,
encompassing an area of approximately 1,223 hectares, and is considered highly prospective for niobium and
tantalum. The Property includes portions of th e high -priority, and drill ready, Miranna Target where prior boulder
sampling in the area has returned 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the Northwest and Southeast areas
where previous drilling has returned wide intercepts of mineralization, incl uding 0.61% Nb2O5 over 12.0 m (EC08 -
008) and 0.82% Nb2O5 over 21.9 m (EC10-033), respectively.
On behalf of the Board of Directors
SAVILLE RESOURCES INC.
“Mike Hodge”
Mike Hodge
President
Tel: 604.681.1568
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.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward -looking information which is subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ from those projected in the forward -looking statements.
Forward looking st atements in this press release but are not limited to, statements with respect to the expectations of
management regarding the proposed Offering, the expectations of management regarding the use of proceeds of the
Offering, closing conditions for the Offer ing, and Exchange approval of the proposed Offering . These forward -looking
statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to
differ materially from those projected in the forward -looking information. Risks that could change or prevent these
statements from coming to fruition include the Company may not complete the Offering on terms favorable to the
Company or at all; the Exchange may not approve the Offering; the proceeds of the Of fering may not be used as stated in
this news release; the funds raised from the sale of the FT Shares may not be renounced in favour of the FT Share holders;
the Company may be unable to satisfy all of the conditions to the Closing . The forward -looking in formation contained
herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to
reflect new events or circumstances, except as required by law.