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FTUR.V ·

Saville Announces Closing of First Tranche of Flow‐through Private Placement

Financings

1450, 789 West Pender Street

Vancouver, BC V6C 1H2

t. 604 681 1568

[email protected]

www.savilleres.com

NOT FOR DISTRIBUTION TO UNITED ST ATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED

ST ATES

SAVILLE ANNOUNCES CLOSING OF FIRST TRANCHE OF FLOW‐THROUGH PRIVATE PLACEMENT

VA NCOUV ER, B.C., December 28, 2018 – Saville Resources Inc. (TSXv: SRE, FSE: S 0J) (the “ Company”) is pleased to

a n n o u n c e t h a t i t h a s c o m p l e t e d t h e f i r s t t r a n c h e o f i t s p r e v i o usly announced non‐brokered private placement (the

“Offering”), as described in its News Release dated December 19, 2018, p ursuant to which it has issued an aggregate

of 5,198,666 flow‐through shares (each, a “ FT Share”) at a price of $0.06 per FT Share for gross proceeds of

$311,919.96.

Each FT Share was issued on a “flow‐through” basis pursuant to the Income Tax Act (Canada).

The securities issued under the Offering are subject to a statutory hold period expiring on April 28, 2019.

The Company paid cash finder’s fees of $23,192 to certain finders.

T h e C o m p a n y p l a n s t o u s e t h e p r o c e e d s f r o m t h e P r i v a t e P l a c e m e nt for exploration and development of the

Company’s Niobium Claim Group Property in Quebec.

None of the securities sold in connection with the Offering wil l 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 n ews release shall not constitute an offer to sell or the

solicitation of an offer to buy nor shall there 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 Proper ty, 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 co nsidered highly prospective for niobium and

tantalum. The Property includes portions of the high‐priority, and drill ready, Miranna Target where prior boulder

sampling in the area has returned 5.9% Nb2O5 and 1,220 ppm Ta2O 5, as well as the Northwest and Southeast areas

where previous drilling has returned wide intercepts of mineral ization, including 0.61% Nb2O 5 o v er 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 statements 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 of

further tranches of the Offering, 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 possibility that we are unable to raise all of the funds we are seeking to

raise, the proceeds of the Offering 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 Shareholders; the Company may be unable to satisfy all of the conditions

to the Closing. The forward‐looking information 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.