Juggernaut Closes Financing with Crescat Capital as Lead Investor FOR 19.97% - Plans Follow up Drilling ON Extensive High-Grade Copper-GOLD Targets
JUGGERNAUT CLOSES FINANCING WITH CRESCAT CAPITAL AS LEAD INVESTOR FOR 19.97%
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PLANS FOLLOW UP DRILLING ON EXTENSIVE HIGH-GRADE COPPER-GOLD TARGETS
Vancouver, British Columbia – May 13 th 2024 – Juggernaut Exploration Ltd. (TSX-V: JUGR)
(OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) further to its April 30th, 2024
news release, Juggernaut is pleased to report that it has received TSX Venture Exchange
approval to close its non-brokered private placement financing (the “Financing”) for aggregate
gross proceeds of $1,000,440. The use of funds from this financing will be for general working
capital and preparation to drill ~ 5000 meters on Juggernaut’s 100% controlled Bingo and
Midas properties, targeting prolific high-grade Copper and Gold at the surface.
Dr. Hennigh stated, "Very promising results from 2023’s maiden drill program confirmed
strong potential for “Surebet” style intrusive- related gold -base metal lodes at Bingo. In
addition, follow up drilling at Midas continues to demonstrate the presence of a large
volcanogenic massive sulfide system in need of further work. With interest in the mining
exploration space quickly heating up, it is critical that companies like Juggernaut get back to
the job of making discovery. I look forward to working with the Company’s team as plans are
made for this year’s drill campaign at both of these exciting projects. "
This investment and strategic partnership, coupled with the ongoing support and interest from
other globally recognized Inst itutions and senior miners, is a strong endorsement that clearly
demonstrates the significant near -term expansion discovery potential of our 100% controlled
properties—highlighting just one recent discovery on Bingo where multiple drill holes
intersected h igh-grade gold -silver-copper mineralization along an extensive north- trending,
west-dipping, shear-hosted vein with grades up to 11.42 gpt AuEq (7.57 gpt Au, 20.23 gpt Ag
and 2.72 % Cu) over 5.11 meters, including 19.69 gpt AuEq (13.05 gpt Au, 24.93 gpt Ag and
4.70 % Cu) over 2.90 meters. The shear -hosted vein at the Bingo Main Zone is partially
exposed at surfaces for over 600 meters, and only the main outcrop has been drill -tested to
date, leaving the system open in all directions.
The Financing consists of 16,673,999 units (“Units”), priced at $0.06 each for gross proceeds of
$1,000,440. Each Unit consists of one common share plus one warrant to purchase one
common share at $0.10 for a thirty-six-month period.
The Company has also paid cash finder’s fees totaling $5,221.20, issued 390,000 Broker Units,
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each Broker Unit consisting of 1 common share of the Company and 1 common share pur-
chase warrant exercisable at $0.10 for 3 years, and 477,020 Broker Warrants exercisable
at$0.10 for 3 years.
All securities issued pursuant to this financing will be subject to a four -month plus one -day
hold.
About Juggernaut Exploration Ltd.
Juggernaut Exploration Ltd. is a precious and base metals project generator in the
geopolitically stable jurisdiction of Canada, focused on the prolific geologic setting of
northwestern British Columbia encompassing the Golden Triangle.
Qualified Person Rein Turna P. Geo is the qualified person as defined by National Instrument
43-101 for Juggernaut Exploration’s projects. He supervised the preparation of and has
reviewed and approved the technical information in this release.
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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.
FORWARD LOOKING STATEMENT
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Certain disclosure 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.