Adelayde Announces Closing of Private Placement Financings to Fund Multiple Work Programs

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Summary

Net proceeds from the NFT Offering will be used towards the Companys general working capital.The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a director of the company and qualified person as defined by National Instrument 43-101.For more information regarding this news release, please contact:The CSE has neither approved nor disapproved of the contents of this press release.Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as will, may, should, anticipate, expects and similar expressions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. The forward-looking statements contained in this news release are made as of the date of this news release and Adelayde disclaims any intention or obligation to update or revise such information, except as required by applicable law.

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