Golcap Resources Corp. (GCP) has closed the first tranche of its non-brokered private placement, issuing 1,403,508 flow-through common shares (FT Shares) at $0.285 each, raising $399,999.78 gross proceeds. The company paid a $24,000 commission and issued 84,210 finder warrants at the same price, valid for two years until November 27, 2027. All securities are subject to a four-month-and-one-day hold period expiring March 28, 2026.

Golcap has received an additional $285,000 subscription and expects to close the final tranche around December 1, 2025.

Proceeds from the Offering will be used to fund eligible Canadian exploration expenses on the company’s Quebec properties, qualifying as critical flow-through mining expenditures. These expenditures will be renounced to the purchasers of the FT Shares with an effective date no later than December 31, 2025.

For more information, contact:

• Christopher Reynolds, Interim CEO
• Garry Stock, Director
• Phone: 778-819-3793