Demesne Resources: Closing Fourth Tranche of Private Placement Financing and Additional Corporate Developments

Demesne Resources Ltd. (CSE:DEME) (OTCQB:DEMRF) (FSE:RK9) ("Demesne" or the "Company") is pleased to announce the completion of the fourth and final tranche of its non-brokered private placement financing (the "Offering"). The Company issued 1,740,884 common shares at a price of $0.25 per share, raising approximately $435,221 in gross proceeds. The total gross proceeds from the Offering across all tranches amounted to approximately $2,010,622.

In connection with the Fourth Tranche, the Company paid finder's fees to eligible finders, consisting of $11,200 in cash and 44,800 Common Share purchase warrants. Each Finder's Warrant is exercisable to acquire one Common Share of capital of the Company at an exercise price of $0.25 per Common Share for a period of 12 months.

The Company will use the net proceeds from the Offering to fund certain payments pursuant to option agreements in connection with the IMA Mine Project and the Star Project, work program related expenses, marketing & corporate development, and for general working capital purposes. All securities issued in connection with the Fourth Tranche are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

The Company also announced that it has entered into a marketing agency agreement with Global One Media Limited ("Global One") to provide social media management, marketing, and distribution services. The Marketing Agreement has an initial term of six months, beginning on November 1, 2024, with the Company paying Global One a monthly retainer fee of US$3,700, excluding any spending on advertisements. Global One Media does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.

Additionally, Demesne has entered into an advertising agreement with Gold Standard Media, LLC ("GSM") to provide landing pages, digital marketing, email marketing, and influencer marketing services. The Advertising Agreement has a term of six months, beginning on January 27, 2025, with the Company paying GSM a total of US$400,000 and granting 850,000 stock options. Either party has the right to terminate this Advertising Agreement at any time.

Demesne Resources Ltd. is a British Columbia-based company involved in the acquisition and exploration of magnetite mineral properties. The Company's Star Project consists of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena Mining Division, British Columbia, Canada. The Company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100% interest in the Star Project. Demesne has also entered into an option agreement, pursuant to which it can acquire a 100% interest (subject to a 2% royalty) in and to the IMA Mine Project, a past-producing underground tungsten mine situated on 22 patented claims located in East-Central Idaho, the United States.




In conclusion, Demesne Resources Ltd. has successfully completed the fourth and final tranche of its private placement financing, raising approximately $2,010,622 in gross proceeds. The Company will use these funds to advance its mineral projects, enhance its corporate visibility, and maintain a strong financial position. By entering into marketing and advertising agreements with Global One Media Limited and Gold Standard Media, LLC, Demesne aims to increase its brand awareness, reach a wider audience, and ultimately drive growth. As the Company continues to execute on its strategic initiatives, investors should monitor its progress and consider the potential long-term growth prospects of this mineral exploration company.