Saville Announces Proposed Share Consolidation
1450, 789 West Pender Street
Vancouver, BC V6C 1H2
t. 604 681 1568
www.savilleres.com
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ST ATES
SAVILLE ANNOUNCES PROPOSED SHARE CONSOLIDATION
VANCOUVER, B.C., December 11, 2023 – Saville Resources Inc. (TSXv: SRE, FSE: S0J) (the “Company”) announces that
it intends to complete a consolidation of its issued and outstanding common shares (the “ Shares”) on the basis of one
(1) new Share ( each, a “ Post-Consolidated Share ”) for every twenty (20) currently-outstanding Shares (the
“Consolidation”).
It is anticipated that the Consolidation will reduce the number of outstanding Shares from 101,846,567 Shares to
approximately 5,092,328 Post-Consolidated Shares, subject to adjustment for rounding. The board of directors of the
Company believes that the Consolidation will both enhance the marketability of the Company as an investment and
better position the Company to raise the funds necessary to execute the Company’s business plan. The Consolidation is
subject to approval by the TSX Venture Exchange (the “Exchange”).
The Company does not intend to change its name or its current trading symbol in connection with the proposed
Consolidation. The effective date of the Consolidation will be announced in a subsequent news release.
No fractional Post -Consolidated Shares will be issued as a result of the Consolidation. Shareholders who would
otherwise be entitled to receive a fraction of a Post-Consolidated Share will be rounded up to the nearest whole number
of Post-Consolidated Shares and no cash consideration will be paid in respect of fractional shares.
The exercise price and number of Shares of the Company, issuable upon the exercise of outstanding options and
warrants, will be proportionally adjusted upon the implementation of the proposed Consolidation in accordance with
the terms thereof.
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
Statements in this news release that are not historical facts are forward -looking statements. Forward-looking statements
are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations
and developments. Words such as “expects”, “intends”, “plans”, “may”, “could”, “potential”, “should”, “anticipates”, “likely”,
“believes” and words of similar import tend to identify forward -looking statements. Forward -looking statements in this
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news release include statements about the Consolidation, its terms, and its anticipated benefits, receipt of approval for the
Consolidation from the Exchange and that the Company will complete the Consolidation. These forward-looking statements
are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or
results to differ from those expressed or implied , including, without limitation the Company’s inability to obtain approval
for the Consolidation from the Exchange, inability to complete the Consolidation for a variety of reasons, and risk that the
Company may not realize the expected benefits of the Consolidation. Actual results and future events could differ materially
from those anticipated in such information. These and all subsequent written and oral forward -looking statements are
based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by
this notice. Except as required by law, the Company does not intend to update these forward-looking statements.