Toronto, Ontario — December 18, 2025 — Leads & Copy — Exploits Discovery Corp. plans to undertake a non-brokered, structured Québec charity flow-through private placement led by SIDEX L.P. and NQ Investissement minier, collectively known as the “Québec Funds”. The company also plans an additional non-brokered flow-through private placement for gross proceeds of up to $500,000.
Jeff Swinoga, President and CEO of Exploits, expressed pleasure in having SIDEX and NQIM as key partners in the Québec charity flow-through financing, stating that their support is a strong endorsement of the company’s Québec exploration strategy and project pipeline quality. He thanked SIDEX and NQIM for their confidence and looks forward to using the funds for the winter diamond drill program at Fenton, as well as other exploration activities to advance Quebec-based gold properties.
The Charity FT Financing is expected to generate gross proceeds of up to $1,450,000 for the company through the issuance of flow-through common shares at a price of $0.087 per share. The financing is structured with a hard-dollar back-end subscription of $1,000,000, led by the Québec Funds, and is expected to provide the company with an effective premium relative to the back-end subscription amount.
The Charity FT Financing is anticipated to close on or about Wednesday, December 24, 2025, pending customary closing conditions, including all required regulatory approvals, such as approval from the Canadian Securities Exchange.
Each Charity FT Share will qualify as a “flow-through share” as defined under the Income Tax Act (Canada) and, to the extent applicable, under Québec tax legislation.
The FT Financing is expected to generate gross proceeds of up to $500,000 through the issuance of flow-through common shares at a price of $0.075 per share. The financing is expected to close on or about Wednesday, December 24, 2025, and may close in one or more tranches, subject to customary closing conditions, including receipt of all required regulatory approvals, including approval of the CSE.
The FT Shares will qualify as “flow-through shares” within the meaning of the Tax Act.
The company intends to use an amount equal to the gross proceeds from the Charity FT Financing to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” in Québec, in connection with the company’s exploration portfolio, including advancement activities on its Québec gold projects.
The company intends to use an amount equal to the gross proceeds from the FT Financing to incur Qualifying Expenditures in Canada, including Québec and Ontario, in connection with the Company’s exploration portfolio, including advancement activities on its Québec and Ontario gold projects.
The Qualifying Expenditures will be incurred on or before December 31, 2026, and the company will renounce the Qualifying Expenditures to the subscribers of the Charity FT and FT Shares with an effective date no later than December 31, 2025, in an aggregate amount not less than the gross proceeds raised from the issuance of the Charity FT Shares and FT Shares.
All securities issued pursuant to the Charity FT Financing and the FT Financing will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. The company may pay finder’s fees in connection with the Charity FT Financing and the FT Financing in accordance with the policies of the CSE.
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 of America. The securities have not been and will not be registered under the United States Securities Act of 1933 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 1933 Act and applicable state securities laws, or an exemption from such registration is available.
SIDEX is an initiative of the Québec government and the Fonds de solidarité FTQ with a mission to invest in companies engaged in mineral exploration in Québec.
NQ Investissement Minier (NQIM) is a Matagami-based regional investment fund dedicated to mining development in Northern Quebec.
Exploits Discovery is a Canadian gold exploration company focused on advancing a portfolio of high-grade gold projects in Québec and Ontario. The Company’s core assets include the Fenton, Wilson, and Benoist projects in Québec and the Hawkins project in Ontario.
Jeff Swinoga
President and CEO
+1 (778) 819-2708
investors@exploits.gold
Source: Exploits Discovery Corp.
