Private Placement/Update re Ram Property, Golden Triangle, BC
(TheNewswire)
Victoria, British Columbia, Canada– TheNewswire - October 2, 2025 - Silver Grail ResourcesLtd. (“Silver Grail” or“the Company”) (“SVG”-TSX-V) ) announces that it intends to complete a non-brokeredprivate placement consisting of the issuance of up to 2,500,000 units(“Units”) at a price of $0.23 per Unit for gross proceeds of up to$575,000 subject to the approval of the TSX Venture Exchange. EachUnit will consist of one common share (“Common Share”) and aCommon Share purchase warrant (“Warrant”). Each Warrant isexercisable into one Common Share at a price of $0.33 for a period oftwo years from closing. Silver Grail’s share price closed at$0.28 on October 1, 2025.
There are no finder’s fees or other commissionsassociated with the transaction. Certain of the Company’s insidersmay participate in the private placement. Theproceeds of the financing will be used to pay for 2025 exploration ofthe Ram property as well as further exploration of the Company’sother mineral properties in the Golden Triangle and also for generalcorporate purposes.
Update re Ram Property
Drilling is now complete at the Ram property with 2,056metres having been drilled in seven holes. All of the core has nowbeen logged and diamond sawed and final shipments to the assay lab areexpected within the next days. MSALabs has been instructed to holdall assays until such time as the total submittal from the Ram hasbeen completed.
During the final days of the drill program, Jeff Kyba,P. Geo., visited the Ram property as well as the Company’s Clone,Konkin Silver and Fiji properties. While walking the surfaceprojection of Hole #7, Jeff discovered a new showing of net-texturedchalcopyrite (see photo URL below). Also included in the URL sectionare a number of photos taken by drillers during the program of variousselect examples of mineralized core.
URLs
https://teuton.com/Ram2025CorePhotos -- Various photos of mineralized core
https://teuton.com/NetTexturedSample -- Photo of net-textured chalcopyrite
QualifiedPerson
D. Cremonese, P. Eng., is the QP for Silver GrailResources Ltd.; as President and CEO of Silver Grail he is notindependent of the Company.
About Silver Grail
Silver Grail Resources Ltd. isa junior exploration company with a large portfolio of properties inthe southern portion of the Golden Triangle region of BritishColumbia. Its legacy properties, some more than thirty years old,form large islands within the vast claim holdings of Goliath Resourcesin this region.
ON BEHALF OF THE BOARD OF DIRECTORSOF SILVER GRAIL RESOURCES LTD.
"Dino Cremonese"
Dino Cremonese, P. Eng.,
President and Chief ExecutiveOfficer
For further information, please visit theCompany's website at www.silvergrail.com or contact:
Barry Holmes
Director Corporate Development andCommunications
Tel. 778-430-5680
Email: bholmesmba@gmail.com
Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Cautionary Statements regardingForward-Looking information
Certain statements contained in this press releaseconstitute forward-looking information. These statements relate tofuture events or future performance. The use of any of the words"could", "intend", "expect","believe", "will", "projected","estimated" and similar expressions and statements relatingto matters that are not historical facts are intended to identifyforward-looking information and are based on the Company'scurrent belief or assumptions as to the outcome and timing of suchfuture events. Actual future results may differ materially.
All statements relating to future plans, objectivesor expectations of the Company are forward-looking statements thatinvolve various risks and uncertainties. There can be no assurancethat such statements will prove to be accurate and actual results andfuture events could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company's plans or expectationsinclude risks relating to the actual results of current explorationactivities, fluctuating gold prices, possibility of equipmentbreakdowns and delays, exploration cost overruns, availability ofcapital and financing, general economic, market or businessconditions, regulatory changes, timeliness of government or regulatoryapprovals and other risks detailed herein and from time to time in thefilings made by the Company with securities regulators. The Companyexpressly disclaims any intention or obligation to update or reviseany forward-looking statements whether as a result of new information,future events or otherwise except as otherwise required by applicablesecurities legislation.
The Company expressly disclaims anyintention or obligation to update or revise any forward-lookingstatements whether as a result of new information, future events orotherwise except as otherwise required by applicable securitieslegislation.
Copyright (c) 2025 TheNewswire - All rights reserved.
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