Mirasol Resources Closes Private Placement Financing
NEWS RELEASE
Suite 1150 – 355 Burrard Street, Vancouver, B.C. Canada, V6C 2G8
Tel: +1 604 602 9989 E-mail: [email protected]
www.mirasolresources.com
December 16, 2025
Shares Issued and Outstanding: 88,540,939
TSX-V: MRZ
OTC: MRZLF
Mirasol Resources Closes Private Placement Financing
VANCOUVER, BC, December 16, 2025 — Mirasol Resources Ltd. (TSX- V: MRZ) (OTC: MRZLF ) (the
“Company” or “Mirasol”) is pleased to announce the closing of the previously announced non-brokered
private placement financing. The Company issued 6,689,445 units of securities (the “Units”) at a price
of $0.45 per Unit for aggregate gross proceeds of $ 3,010,250.25 (the “ Offering”). Each Unit is
comprised of one (1) common share and one -half of one (1/2) non -transferable common share
purchase warrant (the “ Warrant”), with each whole Warrant entitling the holder to purchase one
additional common share at a price of $ 0.60 for a period of twelve (12) months from closing of the
Offering.
Proceeds of the Offering will be used to advance the Company’s exploration programs and for general
corporate purposes.
The securities issued under the Offering are subject to a four -month hold period. Finders’ fees in the
amount of $13,932.00 were paid on a portion of the Offering.
Two directors and one officer of the Company were issued an aggregate of 3,350,556 Units under the
Offering. Accordingly, their subscriptions constituted a “related party transaction” within the meaning
of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions (“MI 61-
101”). The issuance of the Units to the related parties was exempt from the valuation requirement of
MI 61-101 under the exemption in section 5.5(b) of MI 61 -101 in that the Company’s shares are not
listed on a specified market, and from the minority shareholder approval requirements of MI 61 -101
under the exemption in section 5.7(a) of MI 61-101 in that the fair market value of the consideration
for the securities issued to each of the related parties did not exceed 25% of the Company market
capitalization.
The participants in the Offering and the extent of their participation were not finalized until shortly
before completion of the Offering. Accordingly, it was not possible to publicly disclose details of the
nature and extent of related party participation in the Offering pursuant to a material change report
filed at least 21 days prior to the completion of the Offering.
The securities issued in the private placement have not been registered under the U.S. Securities Act of
1933, as amended (“U.S. Securities Act”), or any state or other applicable jurisdiction's securities laws,
and may not be offered or sold in the United States absent registration or an applicable exemption from
the registration requirements of the U.S. Securities Act and applicable state or other jurisdictions'
Suite 1150 – 355 Burrard Street, Vancouver, B.C. Canada, V6C 2G8
Tel: +1 604 602 9989 E-mail: [email protected]
www.mirasolresources.com
securities laws. This media release shall not constitute an offer to sell or the solicitation of an offer to
buy these securities, nor shall there be any offer, solicitation, or sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
About Mirasol Resources Ltd
Mirasol is a strategically positioned exploration company with over 20 years of operating, permitting
and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol is
currently self-funding exploration at the flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-
Silver District of northeast Chile while continuing to advance a strong pipeline of highly prospective early and
mid-stage projects.
For further information, contact:
Tim Heenan, President & CEO
or
Troy Shultz, Vice President Investor Relations
Tel: +1 (604) 602-9989
Email: [email protected]
Website: www.mirasolresources.com
Forward Looking Statements: The information in this news release contains forward looking statements that are subject
to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially
from those anticipated in our forward -looking statements. Factors that could cause such differences include: changes in
world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in
government and changes to regulations affecting the mining industry and to policies linked to pandemics, social and
environmental related matters. Forward-looking statements in this release include statements regarding future exploration
programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we
believe the expectations reflected in our forward -looking statements are reasonable, results may vary, and we cannot
guarantee future results, levels of activity, performance or achievements . Mirasol disclaims any obligations to update or
revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may
be required by applicable law.
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.