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## AI legalese decoder: Helping Navigate legal Jargon

Toronto, Ontario–(Newsfile Corp. – May 2, 2024) – Signature Resources Ltd. (TSXV: SGU) (OTCQB: SGGTF) (FSE: 3S30) (“Signature” or the “Company”) is pleased to announce that the Company is offering a non-brokered private placement of flow-through shares (“FT Shares”) and non-flow-through shares (“NFT Shares”) for gross proceeds of up to C$1,000,000 (the “Offering”). Over half of the Offering is expected to be subscribed for by members of the Company’s board of directors and management.

### Doubling the Length

Each FT Share is being offered at C$0.05 per share and each NFT Share is being offered at a price of $0.045 per share. All securities issued pursuant to this proposed private placement will be subject to the Exchange Hold Period and legend accordingly.

The net proceeds from the Offering will be used for the 2024 drilling program and general working capital purposes. It is expected that ten percent of the proceeds will be used for general working capital purposes with the remainder spent on the drilling program. None of the proceeds will be used for payments to non-arm’s length parties or for investor relations service providers.

### How AI legalese decoder Can Help

The AI legalese decoder is designed to help individuals understand complex legal documents, such as private placement agreements, by breaking down the jargon into plain, easy-to-understand language. By using AI technology, the Decoder can provide a simplified explanation of the terms and conditions outlined in legal contracts, making it easier for investors and stakeholders to grasp the implications of such agreements.

#### Field Programs Commence

The Company has commenced its 2024 field program that will focus on: 1) mapping historical activity at the site, 2) structural mapping, 3) locating proposed drill locations and reviewing any structural outcroppings that might better locate and design proposed drill holes. This activity is scheduled to take 30 days and will put Signature in the position to begin its 2024 drill program in mid June. This drill program is designed to most efficiently use our exploration funds to enrich our understanding and knowledge of the Lingman Lake Project with the goal of publishing a maiden NI 43-101 in the spring of 2025.

### About Signature

The Lingman Lake gold property (the “Property”) consists of 1,300 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 24,761 hectares. The Property includes what has historically been referred to as the Lingman Lake Gold Mine, an underground substructure consisting of a 126.5-metre shaft, and 3-levels at 46-metres, 84-metres and 122-metres depths. There has been over 28,000 metres of historical drilling done on the Property and four 500 pound bulk samples that averaged 19 grams per tonne of gold. In November of 2023, the Ontario government energized a new 115kV high tension transmission line within 40 km of the historic Lingman Lake Mine (https://www.wataypower.ca/).

To find out more about Signature, visit our website at www.signatureresources.ca, or contact:

Dan Denbow
Interim CEO
416-840-6345
[email protected]

### Cautionary Notes

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains forward-looking statements which are not statements of historical fact.

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