Fabled Silver Gold Corp. announced a non-brokered private placement of 15,000,000 units at issue price of CAD 0.10 for gross proceeds of CAD 1,500,000 on January 12, 2023. Each Unit will consist of one common share and one common share purchase warrant of the company.

Each Warrant shall be exercisable to acquire one common share at a price of CAD 0.15 per share for a period of 24 months from the closing date of the Offering. The closing is expected to occur on or about January 31, 2023, and may occur in one or more tranches. The company may pay a finders fee in appropriate circumstances in respect of subscriptions for units by investors introduced to the company by finders.

All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of issuance, in accordance with applicable securities laws. The closing of the offering is subject to the approval of the TSX Venture Exchange and the receipt of all required regulatory approvals, including approval of the consolidation.