VR Resources Limited (TSX-V: VRR) is pleased to announce the successful closing of its previously announced upsized private placement of units of the Company. A total of 4,680,000 Units, including pursuant to the exercise of an overallotment option, were sold under the Offering at a price of $0.25 per Unit for aggregate gross proceeds of $1,170,000.

The Offering was led by Centurion One Capital Corp. as lead agent and sole bookrunner. Gowling WLG (Canada) LLP acted as counsel to the Company, and Cozen O’Connor LLP acted as counsel to the Lead Agent in connection with the Offering.

Dr. Michael Gunning, Chief Executive Officer of the Company commented: “We are pleased to have successfully closed this oversubscribed financing and are appreciative of the hard work and continued support provided by Centurion One Capital as lead agent and investor. We are excited to have this capital to reinforce our plans for drilling at the New Boston tungsten-moly-copper-silver polymetallic porphyry project in Nevada, with a focus on unlocking value for shareholders in the near-term.”

Each Unit consists of one common share of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.30 for a period of 36 months from the date of closing of the Offering.

Proceeds of the Offering will be used for the planned upcoming diamond drill program at the New Boston tungsten-moly-copper-silver porphyry project in Nevada, marketing, and general corporate expenses.

In connection with the Offering, the Company paid a cash commission of $93,600, issued 468,000 Units as a corporate finance fee and issued 374,400 non-transferable broker warrants to the Agent and in respect of the Cash Commission and the Broker Warrants, to the Agent and other brokers. Each Broker Warrant entitles the holder to acquire a Unit at the Issue Price for a period of 36 months from the Closing Date (such Units to be on identical terms as the Units issued pursuant to the Offering). Each Corporate Finance Fee Unit is comprised of one Common Share and one non-transferable Warrant entitling the holder thereof to one Warrant Share at the Exercise Price for a period of 36 months from the Closing Date.

The Units issued under the Offering were offered by way of brokered private placement in each of the provinces of British Columbia, Alberta, Ontario and Québec and in jurisdictions outside of Canada mutually agreed by the Company and the Lead Agent provided it was understood that no prospectus filing, registration or comparable obligation arose in such other jurisdiction. The Common Shares, Warrants and Broker Warrants issued pursuant to the Offering and any Common Shares issued upon the exercise of Warrants or Broker Warrants are subject to a hold period of four months plus one day from the Closing Date.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ABOUT VR RESOURCES LTD.

VR is an established junior exploration company based in Vancouver. VR evaluates, explores and advances opportunities in copper, gold and critical metals in Nevada, USA, and Ontario, Canada. VR applies modern exploration technologies, in-house experience, and expertise in greenfields exploration to large-footprint systems in underexplored areas/districts. The foundation of VR is the proven track record of its Board in early-stage exploration, discovery and M&A. VR owns its projects outright and evaluates new opportunities on an ongoing basis, whether by staking or acquisition.

ABOUT CENTURION ONE CAPITAL

Centurion One Capital’s mission is to ignite the world’s most visionary entrepreneurs to conquer the greatest challenges of tomorrow, fueling their ambitions with transformative capital, unparalleled expertise, and a global network of influential connections. Every interaction is guided by our core values of respect, integrity, commitment, excellence in execution, and uncompromising performance. We make principal investments, drawing on the time-honored principles of merchant banking, where aligned incentives forge enduring partnerships. Centurion One Capital: A superior approach to investment banking.