Gelum Closes Portion of Flow-Through Private Placement
Suite 2710 – 200 Granville Street
Vancouver, BC, Canada, V6C 1S4
Ph. 604-484-1228
Fx. 604-408-7488
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**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
UNITED STATES NEWS WIRE SERVICES**
GELUM CLOSES PORTION OF FLOW-THROUGH PRIVATE PLACEMENT
NR23-04 July 26, 2023
FOR IMMEDIATE RELEASE… Vancouver, BC – July 26, 2023 – Gelum Resources Ltd. (the
"Company" or "Gelum", CSE: GMR, OTCQB: GMRCF), reports pursuant to their news release of July 7,
2023, that they have closed a portion of the flow -through private placement. The Company has issued
725,000 FT units for gross proceeds of $145,000. Each FT Unit is comprised of one common share at $0.20
and one-half of one common share purchase warrant exercisable at $0.30 for 18 months expiring on January
26, 2025.
Finder’s fees were paid to GloRes Securities Inc. as to $8,400 c ash and 21,000 finder’s warrants, finder’s
warrants have the same terms as the warrants included in the FT units. All securi ties issued under the
private placement have a hold period of four months and a day from the date of issuance.
Proceeds of the FT Units will be used to for exploration and drilling on its Eldorado Project , British
Columbia.
None of the foregoing securities have been or will be registered under the United States Securities Act of
1933, as amended (the "1933 Act") or any applicable st ate securities laws and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under
the 1933 Act) or persons in the United States absent registration or an applicable exemption from such
registration requirements. This press release does not constitute an offer to sell or the solicitation of an
offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About Gelum Resources Ltd.
Gelum Resources is a Company led by seasoned management and advisors in the mining and financial
sectors. The Company currently has two objectives under management. The first is to define a multi -
million-ounce economic gold deposit on the 9028- hectare Eldo rado Gold Project, located within the
Bralorne-Bridge River gold district, only 190 kilometres north of Vancouver and 74 km northwest of the
town of Lillooet, B.C. The Bralorne mines historically exploited the largest, highest -grade, longest -
producing lode -gold deposit in B.C. Management is proud to have developed an excellent working
relationship with the Bridge River Indian Band (Xwísten) the project is within the traditional territory within
the St’at’imc territory (Traditional Territory) in which Xwíste n and its members assert, hold and exercise
constitutionally protected Aboriginal Title and Rights (“Indigenous Title and Rights”).
The second objective is to discover an alkalic porphyry and related skarn deposit within a prolific B.C.
porphyry belt in the Interior Plateau region. The recently acquired ML property is accessible by 90% paved
roads via Williams Lake, and the remainder by all-season dirt roads and secondary logging roads. The low
to moderate relief allows year -round access and work. Airborne geophysics comprising magnetics and
radiometrics was completed in early spring of 2022.
Gelum Resources Ltd. - 2 - July 26, 2023
NR23-04 Continued
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For further information about the Company and its exploration portfolio, please refer to Gelum Resources
Corporate Presentation:
gelumresourcesdeck_summer2023-06-07_final.pdf
On Behalf of the Board of Directors
David Smith, President
For further information about Gelum, please contact:
David Smith, President
Email: [email protected]
Phone: 604 484-1228 /Cell: 778-834-1141
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE-
Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
This press release may include ‘forward -looking information’, within the meaning of Canadian securities legislation, about the
business of the Company and its plans to list on the CSE . Forward-looking information is based on certain key expectations and
assumptions made by the Company’s management, including future plans for the Company. Although the Company believes that
the expectations and assumptions on which such forward-looking information is based are reasonable, investors should not unduly
rely on the forward-looking information because the Company cannot assure that it will prove to be correct. Forward- looking
statements in this press release are made as of the date of this press release. The Company disclaims any intent or obligatio n to
update publicly any forward-looking inform ation, whether as a result of new information, future events or results or otherwise,
other than as required by applicable securities laws.