KIPLIN METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $500,000

Kiplin Metals Inc. has announced a non-brokered private placement financing to raise up to $500,000 through the issuance of 3.125 million units priced at $0.16 per unit. Each unit consists of one common share and one warrant exercisable at $0.24 for two years from closing. The financing structure provides immediate capital while offering potential upside participation for investors through the warrant component.

The company plans to deploy net proceeds toward exploration activities at their Lloyd Lake Uranium Project and general working capital requirements. The Lloyd Lake project spans 6,177 hectares and is strategically positioned 27 kilometers south of the Athabasca Basin, one of the world's premier uranium districts. The property has undergone extensive exploration including sediment sampling, airborne magnetics, and ground IP surveys, with a key 8-kilometer exploration corridor identified by magnetic lows and structural breaks where anomalous radioactivity has been detected.

This financing comes at a time when uranium markets continue to benefit from renewed interest in nuclear energy as a clean baseload power source. The Lloyd Lake project's proximity to the prolific Athabasca Basin, combined with excellent access via provincial highways and maintained roads, positions Kiplin well to capitalize on favorable uranium market conditions. The project's substantial size and previous exploration results suggest significant potential for uranium discovery in this geologically favorable setting.

Completion of the private placement remains subject to regulatory approvals including TSX Venture Exchange approval. The financing demonstrates management's commitment to advancing their uranium exploration strategy while maintaining a disciplined approach to capital deployment in the current market environment.