Juggernaut Announces Strategic Investment BY Crescat Capital Funds FOR 28.95% Ownership – Dr. Quinton Hennigh Technical Advisor
JUGGERNAUT ANNOUNCES STRATEGIC INVESTMENT BY
CRESCAT CAPITAL FUNDS FOR 28.95% OWNERSHIP
–
DR. QUINTON HENNIGH TECHNICAL ADVISOR
Vancouver, British Columbia – April 14th, 2025 – Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB:
JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to announce a non-brokered financing
of up to $2,650,000. Crescat Capital Funds LLC (“Crescat”) has agreed to make a strategic investment
representing a 28.95% ownership of the Company post-funding on a partially diluted basis. Juggernaut
welcomes this strategic investment from Crescat Capital and technical support from Dr Quinton
Hennigh. Juggernaut’s Big One Project is garnering strong interest and support from leading institutions
and miners globally, confirming the quality of the newly discovered 11 km Highway of Gold surrounding
the Eldorado porphyry system on the Big One property. The exciting discovery is in an area of glacial
and snowpack abatement next door to the world- class gold -rich porphyry systems at Newmont
Mining’s Galore Creek. The Big One Property is a discovery with assays up to 79.01 g/t gold (2.54 oz/t
gold) and 3157.89 g/t silver (101.5 oz/t silver) from over 200 gold-silver-copper rich polymetallic veins
up to 8 m wide and striking for up to 500 m that all remain open at surface. The Big One Project covers
33,693 hectares in a world-class geologic terrane with tremendous additional discovery potential in the
heart of the Golden Triangle, British Columbia.
Dr. Quinton Hennigh has taken on the role of special technical advisor to the Company. He is the
technical consultant for all Crescat’s gold and silver mining investments. Dr. Hennigh is a world-
renowned exploration geologist with over 40 years of experience with major gold mining firms,
Homestake Mining, Newcrest Mining, Newmont Mining, and Kirkland Lake/Fosterville. In just the last
five years, Dr. Hennigh was instrumental in several material discoveries, including Goliath / Surebet,
Newfound / Queensway, SCM / Isidorito, Eloro / Iska Iska, Snowline / Valley, Sitka / RC Gold Project,
and Tectonic / Flat.
Dr. Hennigh stated, "The Big One gold -silver project has a very similar feel to Goliath's Surebet gold
discovery. To date, reconnaissance prospecting and sampling conducted by Juggernaut's exploration
team have identified a multitude of multi-meter thick quartz-sulfide veins, many of which have yielded
+oz per tonne Au and multi- oz per tonne Ag assays. Early indications sugges t there is a genetic
association of veins with late-stage magmatism in the area, an association seen at Surebet. This season,
Juggernaut has a clear mandate to follow up on these results with detailed mapping and channel
sampling, much like Goliath did during the early days of the Surebet discovery. The Company's mission
is to get as many targets as possible ready for drill testing either late season or for 2026. I am very eager
to see if a new "Surebet" type discovery is in hand.
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The charity flow through funding will consist of up to 2,000,000 charity flow through units (“CFT Units”),
priced at $0.825 each for gross proceeds of up to $1,650,000. Each CFT Unit will consist of one charity
flow-through common share plus one warrant to purchase one non flow-through common share at
$0.75 for a sixty month period with a forced conversion at $1.50, 10 consecutive trading days at or
above the strike price, callable at management's discretion.
Juggernaut is concurrently raising 2,000,000 hard dollar units priced at $0.50 each for gross proceeds
of up to $1,000,000. Each hard dollar unit will consist of one common share plus one warrant at $0.75
for a sixty month period with a forced conversion of $1.50, 10 consecutive trading days at or above the
strike price, callable at management's discretion. Upon completion of the charity flow-through and hard
dollar financings for a combined total of $2,650,000, which is projected to close on or before May 15th,
Crescat will own 28.95% in the company post-financing.
“Gold exploration is all about swinging for the fence. Persevering with a diversified portfolio of great
management and technical teams with bold targets is the key. The cool thing about Juggernaut is that
it has the same geologic team as the one behind Goliath Resources, where their Surebet gold discovery
has already been a home run, based on personal experience. We are happy to invest in Juggernaut and
this team. It’s time for Big One, which may be the best target yet for this company and team. We are
eager to support them with capital for another at -bat.” - Kevin Smith, CFA, Founder & CEO of Crescat
Capital.
Directors and officers of the company may acquire securities under the placement, which participation
would be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”).
Such participation is expected to be exempt from the formal valuation and minority shareholder
approval requirements of MI 61-101.
Mr. Dan Stuart, Director, President, and CEO of Juggernaut, states:
“We are pleased to strengthen our relationship, both with Crescat Capital as a strategic investor and
Dr. Hennigh as a Special Technical Advisor and investor. I look forward to working with our partners
who bring a proven track record of both financial and technical strength. This will enable Juggernaut to
unlock the full potential of its assets over the long term, building value for all shareholders. This
investment and strategic partnership, coupled with the ongoing support and interest from other
globally recognized Institutions and senior miners, is a strong endorsement that clearly demonstrates
the significant near-term discovery potential of our 100% controlled properties. Post financing,
Juggernaut will have an extremely tight capital structure of just 18,355,169 shares, no debt, and a strong
cash position of ~ $3,000,000. As such, we are well-positioned to move forward with our plans of drilling
The Big One Discovery. With much anticipation, we look forward to executing the inaugural exploration
program and reporting results.”
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The Company may pay finder's fees of the gross proceeds from the financing in cash, and compensation
options on units being sold. This non-brokered private placement is subject to TSX Venture Exchange
approval. All shares issued pursuant to this offering and any shares issued pursuant to the exercise of
warrants will be subject to a four-month hold period from the closing date.
About Crescat Capital LLC
Crescat is a global macro asset management firm headquartered in Denver, Colorado. Crescat’s mission
is to grow and protect wealth over the long term by deploying tactical investment themes based on
proprietary value-driven equity and macro models. Crescat’s goal is industry-leading absolute and risk-
adjusted returns over complete business cycles with low correlation to common benchmarks. Over the
last several years, Crescat has been building activist stakes in a portfolio of precious metals explor ers
to express one of its primary macro themes. The company’s investment process involves a mix of asset
classes and strategies to assist with each client’s unique needs and objectives, and includes Global
Macro, Long/Short, Large Cap, and Precious Metals funds.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is an explorer and generator of precious metals projects in the prolific
Golden Triangle of northwestern British Columbia. Its projects are in world-class geological settings and
geopolitical safe jurisdictions amenable to Tier 1 mining in Canada. Juggernaut is a member and active
supporter of CASERM, an organization representing a collaborative venture between the Colorado
School of Mines and Virginia Tech. Juggernaut’s key strategic cornerstone shareholder is Crescat
Capital.
For more information, please contact
Juggernaut Exploration Ltd.
Dan Stuart
President, Director, and Chief Executive Officer
604-559-8028
www.juggernautexploration.com
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.
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FORWARD LOOKING STATEMENT
Certain disclosures in this release may constitute forward-looking statements that are subject to
numerous risks and uncertainties relating to Juggernaut’s operations that may cause future results to
differ materially from those expressed or implied by those forward-looking statements, including its
ability to complete the contemplated private placement. Readers are cautioned not to place undue
reliance on these statements. NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS
OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN
OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT.