First Atlas Resources Corp. (CSE: HHE) (OTC Pink: BTKRF) (FSE: 0NB0) is pleased to announce that it has completed its previously announced “bought deal” private placement offering pursuant to which the Company issued 30,250,428 units of the Company at a price of C$0.07 per Unit for aggregate gross proceeds of C$2,117,529.96 including the partial exercise of the over-allotment option. The Offering was led by Research Capital Corporation as the sole underwriter and sole bookrunner.

Each Unit will consist of one common share of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder to purchase one Common Share of the Company at an exercise price of C$0.09 until June 8, 2029.

The Company intends to use the net proceeds from the Offering for general working capital purposes.

The Units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in all provinces of Canada. The Units issued to purchasers under the Listed Issuer Financing Exemption are not subject to a hold period in Canada in accordance with applicable Canadian securities laws. The Broker Warrants and Advisory Warrants (as both terms are defined herein) are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on October 9, 2026. The Offering remains subject to the final approval of the Canadian Securities Exchange.

In connection with the Offering, the Company paid the Underwriter a cash commission of $117,446 and issued to the Underwriter 1,677,800 broker warrants. Each Broker Warrant is exercisable to acquire one Unit at a price of $0.07 per Unit until June 8, 2029. In addition, the Company paid an advisory fee of $25,000 plus tax and issued 350,000 advisory warrants of the Company on the same terms as the Broker Warrants. The Company also paid a finder’s fee of $22,779.20 to EMD Financial Inc.

This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws.

About First Atlas Resources Corp.

First Atlas Resources Corp. is a Canadian exploration company focused on the discovery of natural hydrogen resources in Nova Scotia. The Company is advancing a systematic exploration program across the Cobequid Chedabucto structural corridor using modern geological and geophysical targeting methodologies.