Vancouver, British Columbia--(Newsfile Corp. - October 9, 2024) - Mineral Road Discovery Inc. (CSE: ROAD) (the "Company" or "Mineral Road") is pleased to announce that, further to its news release of September 16, 2024, it has closed the first tranche of its non-brokered private placement and has raised $235,000 through the issuance of 3,133,333 common shares at a price of $0.075 per share. All shares issued are subject to a four month hold period expiring February 9, 2025. Proceeds will be used for general working capital.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.

FOR FURTHER INFORMATION CONTACT:

Jason Cubitt
Chief Executive Officer

Emma Fairhurst
Chairperson

Mineral Road Discovery Inc.
Telephone: 778 819 1870

Neither the Canadian Securities Exchange nor its Regulation Service Provider (as the term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of accuracy of this news release.

Not for distribution to United States Newswire Services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226215