Eagle Bay Resources Corp. announces private fundraising

Eagle Bay Resources Corp. (CSE:EBR) has revealed its intention to conduct a non-brokered private fundraising, aiming to issue up to 7,500,000 units at a unit price of $0.10 to raise gross funds of up to $750,000. Each unit will include one share of the company's common stock and one warrant, allowing one additional share to be purchased at a price of $0.15 for two years after the offering closes.

The majority of net funds raised will be used for property exploration, with the remainder supporting the company's working capital requirements. The securities issued will be subject to a retention period of four months and one day. This transaction could see insider participation, considered a related party transaction but benefiting from exemptions from formal valuation and minority shareholder approval requirements. Closing of the offering remains subject to several conditions, including regulatory approval if necessary.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, prohibiting their sale in the United States without an exemption from registration. This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities of the Company in any jurisdiction.