Jourdan Closes Final Tranche of Private Placement

TSXV: JOR | FRA: 2JR1 1

JOURDAN CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

June 1, 2023

Toronto (Canada) - JOURDAN RESOURCES INC. (TSXV: JOR; FRA: 2JR1) (“ Jourdan” or the “ Company“) is

pleased to announce that it has closed its second and final tranche of a previously announced non-brokered

private placement financing of units (each, a “ Unit”) at a price of $0.07 per Unit (the “ Offering”) for gross

proceeds of $631,034.74 (the “Final Tranche”). For more information on the Offering and the first tranche

closing (the “First Tranche”), please see the Company’s press releases dated March 17, 2023 and April 21,

2023, respectively, which are available under the Company’s SEDAR profile at www.sedar.com.

Pursuant to the Final Tranche, Jourdan issued 9,014,782 Units at a price of $0.07 p er Unit. Each Unit

consists of one common share of the Company (each, a “ Common Share”) and one-half of one Common

Share purchase warrant (each whole warrant, a “ Warrant”). Each Warrant entitles the holder to acquire

one additional Common Share at an exerc ise price of $0.10 until June 1, 2025 . The securities issued in

connection with the Final Tranche are subject to a statutory four month hold period, which expires on

October 2, 2023. Completion of the Offering (including the First Tranche and Final Tranche ) is subject to

receipt of final approval of the TSX Venture Exchange (“TSXV”). The Company intends to use the net

proceeds from the Offering for working capital and general corporate purposes.

In connection with the Final Tranche, Jourdan paid finder’s fees of $3,498.60, $1,120.00, and $4,004.00 in

cash and issued 49,980, 16,000, and 57,200 non-transferable finder’s warrants (“ Finder’s Warrants”) to

Richardson Wealth Ltd., PI Financial Corp., and Canaccord Genuity Corp., respectively, in accordance with

TSXV policies. Each Finder’s Warrant entitles the holder thereof to acquire one Common Share at a price

of $0.10 at any time prior to June 1, 2025.

About Jourdan Resources Inc.

Jourdan Resources Inc. is a Canadian junior mining explo ration company trading under the symbol “JOR”

on the TSX Venture Exchange and “2JR1” on the Stuttgart Stock Exchange. The Company is focused on the

acquisition, exploration, production, and development of mining properties. The Company’s properties are

in Quebec, Canada, primarily in the spodumene -bearing pegmatites of the La Corne Batholith, around

North American Lithium’s Quebec Lithium Mine.

For more information:

Rene Bharti, Chief Executive Officer and President

Email: [email protected]

Phone: (416) 861-5800

www.jourdaninc.com

Cautionary statements

This press release contains “forward -looking information” within the meaning of applicable Canadian securities legislation.

Forward-looking information includes, but is not limited to, statements with respect to the First Tranche, the Final Tranche, and the

Offering, including the Company’s intended use of net proceed s, receipt of final approval of the TSX V, and other matters related

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thereto. Generally, forward -looking information can be identified by the use of forward -looking terminology such as “plans”,

“expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not

anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “ma y”,

“could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and

unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achieveme nts of

Jourdan to be materially different from those expressed or implied by such forward -looking information, including but not limited

to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future mineral prices

and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although Jourdan has

attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking

information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no

assurance that such information will prove to be accurate, as actual results and future events could differ materially from t hose

anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Jourdan does

not undertake to update any forward-looking information, except in accordance with applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The

securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities

Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under

the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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.