Questcorp Mining Closes Private Placement Tranche

Questcorp Mining Inc. has successfully closed the first tranche of an upsized non-brokered private placement, raising $2,220,000.00 through the issuance of 11,100,000 units at $0.20 per unit. Each unit comprises one common share and one-half of one common share purchase warrant, with each whole warrant allowing the holder to acquire a common share at $0.30 until February 24, 2029. The proceeds are earmarked for exploration activities at the company's La Union Gold and Silver Project and North Island Copper Project, as well as for general working capital. In connection with the offering, Questcorp Mining Inc. paid $16,300 and issued 580,000 units and 661,500 common share purchase warrants to certain arms-length finders. The securities issued under the offering are immediately 'free-trading' under Canadian securities laws, except for those issued to finders, which are subject to resale restrictions until June 25, 2026.