On November 16, 2020 Kesselrun Resources Ltd. (“Kesselrun” or the “Company”) announced it had entered into an agreement with Red Cloud Securities Inc. (“Red Cloud”) pursuant to which Red Cloud will act as lead agent on behalf of a syndicate of agents (the “Agents”) to sell up to C$3,000,000 in units of the Company (the “Units”) at a price of C$0.22 per Unit and flow-through common shares of the Company (the “FT Shares”) at a price of C$0.25 per FT Share on a fully marketed, private placement basis (the “Offering”).

The Company has granted Red Cloud an option, exercisable up to 48 hours prior to the closing date, to sell additional Offered Securities in any combination of Units and FT Shares at the offering prices to raise additional gross proceeds of up to C$1,000,000.

The Offering is scheduled to close on or about December 7, 2020.

Peterson McVicar acted for Red Cloud Securities Inc. with a team that included Dennis Peterson and David Pak.