Grande Portage Resources Completes Non-Brokered Private Placement

Vancouver-based Grande Portage Resources Ltd. has successfully closed its non-brokered private placement. The company sold 4,539,890 units at $0.23 per unit, generating gross proceeds of $1,044,175. This transaction was conducted under Prospectus Exemptions and the LIFE Exemption, applying to purchasers in Canada, excluding Quebec, and other jurisdictions.

Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.35 within two years. Canaccord Genuity Corp. received a cash fee and finder's warrants, enabling share acquisition at $0.23 over 24 months. The offering awaits final TSXV approval.

Proceeds will fund further exploration of Grande Portage's New Amalga Gold project in Alaska and support general corporate expenses. The securities are not registered in the U.S. and this does not constitute a sales offer there.