Mineral ROAD Closes First Tranche of Non-Brokered Private Placement
MINERAL ROAD DISCOVERY INC.
NEWS RELEASE
MINERAL ROAD CLOSES FIRST TRANCHE OF NON-BROKERED PRIVATE PLACEMENT
Not for distribution to United States Newswire Services or for dissemination in the United States
Vancouver, British Columbia – May 1, 2026 ‐ Mineral Road Discovery Inc. (CSE: ROAD) (the “Company”
or “ROAD”) is pleased to announce that it has closed the first tranche of its non-brokered private placement
previously announced on April 8, 2026. The Company has issued 3,000,000 units at a price of $0.06 per unit
for proceeds of $180,000 (the “Private Placement”). Each unit consists of one common share and one warrant,
each warrant entitling the holder to purchase one common share at a price of $0.08 for a period of three years
expiring May 1, 2029. Proceeds will be used for general working capital. All securities issued will be subject
to a four month hold period expiring September 2, 2026.
Mineral Road Partners Inc. (“MR P artners”), a company controlled by Damien Reynolds, the Company’s
Chairman, interim CEO and Director, acquired 3,000,000 units of the Company. As a result, MR Partners now
owns, directly and indirectly, 70% of the outstanding shares of the Company or 75.55% assuming exercise of
all warrants held by MR Partners and is a “control person” as that term is defined under securities legislation.
MR Partners purchased the units for investment purposes. The Private Placement and the acceptance of the
subscription by MR Partners was approved by unanimous resolution of the board of directors of the Company.
There was no formal valuation of the Company done in connection with the Private Placement nor has there
been such a formal valuation in the past 24 months. The Company relied upon the exemptions contained in
Section 5.5(b) and 5.7(b) of Multilateral Instrument 61-101 (“MI 61-101”) to avoid the formal valuation and
shareholder approval requirements of MI 61 -101. For the purposes of Section 5.5(b), the Company does not
have any securities listed on any of the stock exchanges set out in Section 5.5(b) and for the purposes of Section
5.7(b) the exemption was available as the consideration paid for the units subscribed for by MR Partners was
less than $2,500,000.
The securities referred to in this news release 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, or for the account or benefit of, U.S. persons absent registration
under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration
is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for
offers to buy any securities. Any public offering of securities in the United States must be made by means of
a prospectus containing detailed information about the company and management, as well as finan cial
statements. “United States” and “U.S. person” have the respective meanings assigned in Regulation S under
the U.S Securities Act.
The Company also announces the resignation of Jason Cubitt as a Director of the Company effective May 1,
2026. The Company wishes to thank Mr. Cubitt for his significant contributions to the Company and wishes
him success on his new endeavours.
FOR FURTHER INFORMATION CONTACT:
Garry Stock
Director
Mineral Road Discovery Inc.
Telephone: 778 819 1870
2
Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in
the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of
this news release.