The Company paid finders' fee totalling $72,141 and 96,188 warrants exercisable at $0.75 per share until December 2, 2022 to Accilent Capital Management Inc., Canaccord Genuity Corp., EMD Financial Inc., Leede Jones Gable Inc. and Mine Equities Ltd. in respect of the offering. All securities issued pursuant to this offering are subject to a four-month hold period and may not be traded until at least April 3, 2021, except as permitted by applicable securities legislation and the TSX Venture Exchange. The Company will use the proceeds of the financing to fund the Phase II drilling program underway at its West Madsen Project in the heart of the Red Lake Gold Camp.