TMAS.CN · 2023-09-22 12:00:00

Temas Resources Announces Non-Brokered Financing

Financings

TEMAS RESOURCES ANNOUNCES NON-BROKERED FINANCING

Vancouver, British Columbia - (September 22, 2023) – Temas Resources Corp. (CSE: TMAS;

OTCQB: TMASF) (“Temas” or the “Company”) is pleased to announce a non-brokered private

placement of up to 4,500,000 units of the Company (each, a “ Unit”) at a price of $0.10 per Unit

for aggregate gross proceeds to the Company of up to $450,000 (the “Offering”).

Each Unit shall be comprised of one common share in the capital of the Company (each, a

“Share”) and one common share purchase warrant (each , a “ Warrant”), with each Warrant

entitling the holder thereof to purchase one additional common share of the Company (a “Warrant

Share”) at a price of $0.15 per Warrant Share for a period of two years from the Closing Date.

The Warrants shall include an acceleration clause (“Warrant Acceleration”) which will provide

that, in the event that the closing price of the Subscriber's common shares on the CSE, or such

other relevant exchange, is equal to or greater than C$0.30 per share for a period of ten (10)

consecutive trading days, the Company may provide holders of the Warrants with written notice

that holders have thirty (30) days within which to exercise the Warrants on the original terms.

The gross proceeds raised from the sale of Units will be used to advance its exploration programs

and for general corporate matters. The Offering will be conducted in all provinces of Canada

pursuant to private placement exemptions. The closing of the Offe ring is subject to, among other

things, the receipt of all necessary approvals from the CSE.

Pursuant to applicable Canadian securities laws, all securities issued and issuable in connection

with the Offering will be subject to a four (4) month hold period commencing on the Closing Date.

About Temas Resources

Temas Resources Corp. (CSE: TMAS) (OTCQB: TMASF) is focused on the advanced La Blache

and Lac Brule Iron-Titanium-Vanadium projects in Quebec. The critical metals the Company is

exploring for are key to our national mineral independence. Additionally, the Company invests in

and works to apply its green mineral recovery technologies across its mining portfolio to reduce

the environmental impact and carbon footprint of metal extraction through advanced processing

and patented leaching technologies.

All public filings for the Company can be found on the SEDAR website www.sedar.com. For more

information about the Company, please visit www.temasresources.com.

For further information or investor relations inquiries:

Samuel “Kyler” Hardy

President and CEO, Director

Tel: (604) 428-9480

NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM

IS DEFINED IN THE POLICIES OF THE CANADIAN SECURITIES EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS

RELEASE.