Freeport Resources Announces Private Placement
Vancouver, Bri�sh Columbia, October 15, 2025 - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) (“Freeport Resources” or the “Company“) announces that it will offer (the “Offering”) up to 100,000,000 units (each, a “Unit”) by way of non-brokered private placement at a price of $0.03 per Unit for gross proceeds of up to $3,000,000. Each Unit will consist of one common share of the Company, and one-half-of-one share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will en�tle the holder to acquire an addi�onal common share at a price of $0.06 for a period of twelve months following issuance.
The Company an�cipates u�lizing the proceeds from the Offering for the con�nued development of the Yandera Copper Project and for general working capital purposes. At this �me, the Company does not an�cipate that any por�on of the proceeds from the Offering will be used to conduct investor rela�ons ac�vi�es. The Company does not expect to u�lize the proceeds of the Offering to make payments to nonarms’ length par�es, other than in the ordinary course of their compensa�on for services provided to the Company.
In connec�on with closing of the Offering, the Company may pay finders’ fees to eligible third-par�es who have assisted in introducing subscribers to the Offering. All securi�es issued in connec�on with the Offering will be subject to restric�ons on resale for a period of four-months-and-one-day in accordance with applicable securi�es laws. Comple�on of the Offering remains subject to the approval of the TSX Venture Exchange.
About Freeport Resources Inc.
Freeport Resources is a Canadian mineral explora�on company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering approximately 245.5 square kilometers
Please visit www.freeportresources.com or contact the email address below for more informa�on.
On behalf of the Board,
Freeport Resources Inc.
Gord Friesen, Chief Execu�ve Officer T. (236) 334-1660 or [email protected] E. [email protected] www.freeportresources.com Neither the TSX Venture Exchange nor its Regula�on Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securi�es Li�ga�on Reform Act of 1995 and applicable Canadian securi�es laws. When or if used in this news release, the words “an�cipate”, “believe”, “es�mate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule”, “intends” and similar words or expressions iden�fy forward-looking statements or informa�on. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assump�ons and es�mates that, while considered reasonable by the Company, are inherently subject to significant business, economic, compe��ve, poli�cal and social risks, con�ngencies and uncertain�es. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obliga�on, to update these forward-looking statements or informa�on to reflect changes in assump�ons or changes in circumstances or any other events affec�ng such statements and informa�on other than as required by applicable laws, rules and regula�ons.