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## Kootenay Resources Inc. Announces TSXV Listing Approval

### Opening Statement:

**NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.**

#### Vancouver, BC – March 13, 2024 /CNW/ – Kootenay Resources Inc. (the “Company” or “Kootenay”) reveals that, pending financing, it has secured conditional Toronto Stock Exchange Venture (“TSXV”) listing approval, contingent upon meeting the minimum listing requirements. The Company is currently engaged in a private placement of shares and special warrants to fulfill its listing prerequisites.

#### How AI legalese decoder Can Help:

The AI legalese decoder can assist by simplifying the technical jargon involved in understanding the legal terms and regulations related to the private placement and listing process on the TSXV. It can provide clear explanations and breakdowns of the legal requirements, making it easier for stakeholders to grasp the implications and obligations associated with the transactions.

### Company Update:

Upon final listing approval on the TSXV, the Company’s shares will commence trading with a minimum funding target of $482,000. Funds from special warrants, pertaining to non-Canadian investors, will be held in escrow until the Company meets the mandatory minimum funding threshold of $482,000 Canadian and obtains listing authorization.

The Private Placement aims to secure both non-flow-through and flow-through common shares, with total gross proceeds amounting to $500,000. The financing structure comprises a blend of shares and special warrants priced at $0.10 per share, along with flow-through shares priced at $0.15 per share.

### Utilization of Proceeds:

The funds procured from the Private Placement will be allocated towards the development of the Company’s Moyie Anticline Project, early-stage Nechako portfolio of gold-silver exploration projects, and other resource properties. These expenses qualify as “Canadian exploration expenses,” enabling tax benefits for investors. Further details on these initiatives can be found on the Kootenay Resources website.

### legal Compliance:

The securities issued under the Private Placement will be offered via private placement in all Canadian provinces except Quebec, complying with relevant exemptions from prospectus requirements under applicable securities laws. In conjunction with the Private Placement, arm’s-length finders will receive a cash fee equating to 6.0% of the total gross proceeds raised.

### Forward-Looking Statements:

The Kootenay technical information in this release adheres to the regulations outlined in National Instrument 43-101. The data has been reviewed and approved by James McDonald, P.Geo, President, CEO & Director for Kootenay, acting as a Qualified Person.

### About Kootenay Resources Inc.:

Kootenay Resources Inc. is actively involved in mineral exploration projects in British Columbia, Canada. Formed as a spin-out of Kootenay Silver Inc., the Company was established in October 2021. Kootenay Silver Inc. currently holds approximately 5.4 million common shares of Kootenay Resources Inc.

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The AI legalese decoder can aid in deciphering the complex legal terminology and requirements associated with the mineral exploration projects undertaken by Kootenay Resources Inc. It can offer detailed insights into compliance measures, regulatory standards, and project development strategies, ensuring stakeholders have a comprehensive understanding of the Company’s operations.

### Conclusion:

In conclusion, Kootenay Resources Inc.’s announcement regarding the TSXV listing approval and Private Placement signifies significant progress in its strategic initiatives. The Company’s commitment to compliance, transparency, and project development underscores its dedication to fostering growth and value for its investors and stakeholders. For further updates and information, please refer to the official Kootenay Resources Inc. communication channels.

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**Note:** The information provided in this news release is accurate as of March 12, 2024. Forward-looking statements involve inherent uncertainties and contingent factors that may impact actual results. Kootenay Resources Inc. disclaims any obligation to update these statements. For comprehensive details, please refer to the original source, Kootenay Resources Inc.

**SOURCE:** Kootenay Resources Inc.

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