Jayden Increases Unit Offering to $4.5M

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Jayden Increases Unit Offering to $4.5M

Vancouver, B.C., November 18, 2021. Jayden Resources Inc., ("Jayden" or the “Company” ) (TSXV:JDN)

announces that further to its news release s dated October 4th and 12th , 2021 wherein it announced a

unit offering (“Offering”) of up to 8,000,000 units ("Units") at a price of $0. 50 per Unit for gross

proceeds of up to $4,000,000, with each Unit being comprised of one (1) common share in the capital of

Jayden (“Common Share”) and one -half (1/2) of one transferable Common Share purchase w arrant

(“Warrant”), each whole Warrant entitling the holder to purchase one (1) additional Common Share at a

price of $0.80 for a period of two (2) years following the date of closing.

The Company wi ll now increase the Offering to u p to 9,000,000 Units on the same terms , for gross

proceeds of $4,500,000. As well, the Company will be pa ying a finder’s fee to brokers involved equal to

7% cash on the proceeds raised and 3.5% whole Warrants equal to the number of Units sold on the

same exercise terms as the subscribers.

The Warrants will be subject to an acceleration clause whereby, commencing on the date that is four

months and one day following the closing date. Jayden may, in its sole discretion, provide notice to

warrant holders to shorten the Warrant expiry date to 3 0 days from the notice date if the daily volume

weighted average closing price of Jayden’s shares is greater than $ 1.00 for the 10 consecutive trading

days preceding the notice date.

The Company anticipates that certain “related parties” of Jayden will pa rticipate in the Offering. The

participation in the Offering of such “related parties” will constitute a “related party transaction” as

defined under Multilateral Instrument 61 -101, Protection of Minority Security Holders in Special

Transactions (“MI 61 -101”). The Offering will be exempt from the formal valuation and minority

shareholder approval requirements of MI 61 -101. In particular, Jayden anticipates that the exemptions

set out in paragraphs (a) and (b) in section 5.5 of MI 61 -101 are applicable sin ce the aggregate

consideration to be paid by the related parties will not exceed 25% of the market capitalization of

Jayden and Jayden is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

In addition, regarding the minority s hareholder approval exemptions, the independent directors have

determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61 -101 are

applicable in that the aggregate consideration to be paid by the related parties will not exc eed 25% of

the market capitalization of Jayden , the distribution of the securities to the related parties will have a

fair market value of not more than $2,500,000 and Jayden is not listed on the Toronto Stock Exchange,

but only on the TSX Venture Exchange.

The private placement is subject to TSX Venture Exchange approval. The shares and units will be subject

to a four -month-plus-one-day hold period from the date of issuance . Approximately $3.5M of the

proceeds wi ll be used to advance the Company’s recen tly acquired Storm Lake Gold Property. The

balance of the proceeds will be used for working capital purposes.

For further information about this news release or the Company visit our website at

www.jaydenresources.com, email [email protected], or call Mike Thast at 778-331-2093.

On Behalf of the Board:

"David Eaton"

President and CEO

Neither 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.