CUPANI METALS CORP. (CSE: CUPA) (OTCQB:CUPIF) is pleased to announce its intention to raise up to C$5,000,000 through a non-brokered private placement financing, which will consist of the issuance of up to: (i) 17,142,857 flow-through units of the Company at $0.175 per FT Unit (ii) 2,040,816 charity flow-through units (of the Company at $0.245 per Charity FT Unit, and (iii) 9,375,000 hard cash units of the Company (the “HC Units” and together with the FT Units and Charity FT Units, the “Offered Units”) at $0.16 per HC Unit. All dollar figures provided herein are denominated in Canadian dollars unless otherwise stated.

Each Charity FT Unit and FT Unit will consist of one common share and one half of one (1/2) common share purchase warrant of the Company, each Warrant exercisable at $0.30 at any time prior to the day that is 24 months from the closing date, subject to the terms and provisions of an acceleration clause. The FT Share and one-half Warrant comprising the Charity FT Units and FT Units will qualify as a “flow-through share” for purposes of the Income Tax Act (Canada). Each HC Unit will consist of one (1) common share of the Company and one half of one Warrant.

The gross proceeds from the Offering will be used by the Company on its 100% owned Blue Lake/Retty Lake exploration project exploration project as well as for general working capital purposes. The gross proceeds from the common shares comprising the Charity FT Units and FT Units will be used by the Company for “Canadian exploration expenses” that are “flow-through critical mineral mining expenditures” (as such terms are defined in the Tax Act).

The Offered Units were issued by way of a private placement pursuant to exemptions from prospectus requirements under applicable securities laws. The securities issued pursuant to the Offering are subject to resale restrictions, including a hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

About CUPANI

CUPANI Metals Corp. provides shareholders with long-term capital growth exposure by investing in mineral exploration properties and other assets. The Company is listed on the CSE under the symbol “CUPA”. To learn more about the Company please visit CUPANIMetals.com.