Scottie Announces $27 Million Non-Brokered Financing
Scottie Announces $27 Million Non-Brokered
Financing
Vancouver, British Columbia--(Newsfile Corp. - September 11, 2026) - Scottie Resources Corp. (TSXV:
SCOT) (OTCQB: SCTSF) (FSE: SR80) ("
Scottie
" or the "
Company
") is pleased to announce a non-
brokered private placement offering of up to 8,965,518 common shares of the Company ("
Shares
") at a
price of $2.90 per Share and up to 322,581 flow-through common shares at a price of $3.10 per FT
Share (the "
FT Shares
") for gross proceeds of up to $27,000,000 (the "
Offering
"). Each FT Share will
qualify as a "flow-through share", within the meaning of subsection 66(15) of the Income Tax Act
(Canada) (the "
Tax Act
").
The gross proceeds from the issue and sale of the Shares will be used for working capital and general
corporate purposes, including work related to the technical studies and permitting currently underway at
the Scottie Gold Mine Project.
The gross proceeds from the issue and sale of the FT Shares will be used by the Company to incur
eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" as such
terms are defined in the Tax Act (the "
Qualifying Expenditures
") related to the Scottie Gold Mine
Project in British Columbia. Qualifying Expenditures with respect to the FT Shares with also qualify as
"BC flow-through mining expenditures" as such term is defined in the Income Tax Act (British Columbia).
All Qualifying Expenditures will be renounced in favour of the subscribers for the FT Shares effective on
or before December 31, 2026.
In connection with the Offering, the Company may engage certain arm's-length parties who may receive
a cash finder's fee payment and/or warrants to purchase common shares in the capital of the Company
in consideration of securities that are sold to subscribers introduced by such parties. Any cash finder's
fee payment and/or warrants will be subject to the approval of, and will be issued in accordance with, the
rules of the TSX Venture Exchange (the "
TSXV
").
Insiders of the Company may acquire securities under the Offering, which will be considered a "related
party transaction" as defined under Multilateral Instrument 61-101 -
Protection of Minority Security
Holders in Special Transactions
("
MI 61-101
"). Such participation is expected to be exempt from the
formal valuation and minority shareholder approval requirements of MI 61-101.
The securities issued pursuant to the Offering will be subject to a statutory four-month hold period. The
Offering is subject to regulatory approval, including the approval of the TSXV.
This press release does not constitute an offer of sale of any of the foregoing securities in the United
States. None of the foregoing securities have been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "1933 Act") or any applicable state securities laws and may not be
offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in
Regulation S under the 1933 Act) or persons in the United States absent registration or an applicable
exemption from such registration requirements. This press release does not constitute an offer to sell or
the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
ABOUT SCOTTIE RESOURCES CORP.
Scottie Resources holds 100% interest in the Scottie Gold Mine Property, which includes the high-grade,
past-producing Scottie Gold Mine and the adjacent Blueberry Contact Zone. The Company also owns a
100% interest in the Georgia Project, host to the past-producing Georgia River Mine, as well as the
Cambria, Sulu, and Tide North properties. In total, Scottie controls approximately 58,500 hectares of
highly prospective mineral claims within the Stewart Mining Camp in British Columbia's Golden Triangle-
one of the world's most prolific mineralized districts.
Scottie's current resource estimate on the Scottie Gold Mine Project includes a total of 703,000 gold
ounces at an average grade of 6.1 g/t (Inferred category) in 3.6 million tonnes, highlighting the
development potential for a significant near-surface, high-grade deposit. The Company's strategy is to
continue expanding this resource and to define additional mineralization around past-producing mines
through systematic drilling and surface exploration.
The Company has recently completed a PEA for the Scottie Gold Mine (Bird et al., October 28, 2025,
Scottie Gold Mine Project, SEDAR+). The PEA outlines a robust ore sorting and Direct-Ship Ore (DSO)
development scenario with strong economics and significant upside through a potential toll-milling option
utilizing excess capacity at the nearby Premier mill. The base case DSO project delivers an after-tax
NPV(5%) of $215.8-$668.3 million at gold prices of US$2,600-$4,200/oz, respectively. Under the toll-
milling scenario, project economics improve substantially, with an after-tax NPV(5%) of $380-$832
million (no agreement currently in place). The PEA estimates initial capital costs of $129 million, average
annual production of ~65,400 oz gold over seven years, and a payback period of 1.7 years for the after-
tax DSO case-reduced to just 0.9 years under the toll-milling opportunity at US$2,600/oz.
Additional Information:
Brad Rourke
Executive Chair
+1 250 877 9902
Forward Looking Statements
This news release contains "forward-looking information" and "forward-looking statements" within the
meaning of applicable securities legislation. The forward-looking statements herein are made as of the
date of this news release only, and the Company does not assume any obligation to update or revise
them to reflect new information, estimates or opinions, future events or results or otherwise, except as
required by applicable law. Often, but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts",
"predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including
negative variations) of such words and phrases or may be identified by statements to the effect that
certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. These
forward-looking statements include, among other things, statements relating to the anticipated use of
proceeds from the Offering; the timing and receipt of all required approvals, including TSXV approval, to
complete the Offering; and discussion of future plans, projects, objectives, estimates and forecasts and
the timing related thereto.
Such forward-looking statements are based on a number of assumptions of management, including,
without limitation, the Company's ability to continue with its stated business objectives and obtain
required approvals; the ability of the Company to complete the Offering; the Company's ability to obtain
all required approvals, including TSXV approval, to complete the Offering; and the Company's
anticipated use of proceeds from the Offering. Additionally, forward-looking information involve a variety
of known and unknown risks, uncertainties and other factors which may cause the actual plans,
intentions, activities, results, performance or achievements of the Company to be materially different
from any future plans, intentions, activities, results, performance or achievements expressed or implied
by such forward-looking statements. Such risks include, without limitation: risks associated with the
business of the Company; risks related to the satisfaction or waiver of certain conditions to closing of the
Offering; the failure of the Company to obtain all required approvals, including TSXV approval, to
complete the Offering; the inability of the Company to complete the Offering; and other risk factors as
detailed from time to time and additional risks identified in the Company's filings with Canadian
securities regulators on SEDAR+ in Canada (available at
www.sedarplus.ca
).
Such forward-looking information represents management's best judgment based on information
currently available. No forward-looking statement can be guaranteed and actual future results may vary
materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements
or information. Neither the Company nor any of its representatives make any representation or warranty,
express or implied, as to the accuracy, sufficiency or completeness of the information in this news
release. Neither the Company nor any of its representatives shall have any liability whatsoever, under
contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this news
release by you or any of your representatives or for omissions from the information in this news release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of
this release.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES
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