Getchell Gold Corp. (CSE: GTCH) (OTCQB: GGLDF) (FWB: GGA1) is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement offering which, altogether issued an aggregate of 5,295,500 units at a price of $0.20 per Unit for gross proceeds of $1,059,100.

Each Unit consists of one common share and one-half of one warrant of the Company. Each Warrant entitles the holder to acquire one additional common share at a price of $0.35 per share for a period of two years from the date of closing.

The proceeds from the Private Placement will be used for exploration and development of the Company’s properties and general working capital.

In connection with the Third Tranche, the Company paid finder’s fees in the amount of $3,520, and issued an aggregate of 17,600 finder’s warrants. Each Finder’s Warrant entitles the holder to acquire one additional common share of the Company at a price of $0.35 per share for a period of two years from the date of closing.

The securities to be issued in connection with the third Tranche are subject to a statutory four-month hold period expiring on January 19, 2023, in accordance with applicable securities laws.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About Getchell Gold Corp.

The Company is a Nevada focused gold and copper exploration company trading on the CSE and OTCQB. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate. Complementing Getchell’s asset portfolio is Dixie Comstock, a past gold producer with a historic resource and two earlier stage exploration projects, Star (Cu-Au-Ag) and Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.