Starr Peak Mining Ltd. (TSX-V: STE) (OTCQX: STRPF) is pleased to announce that it has closed a non-brokered private placement of 6,250,000 units  of the Company at a price of $0.40 per Unit for gross proceeds of $2,500,000. Each Unit consists of one common share and one-half of one share purchase warrant, with each share purchase warrant entitling the holder to acquire an additional common share of the Company at a price of $0.80 per share for a period of 18 months from the closing date.

Johnathan More, Chairman & CEO of Starr Peak, commented “We are pleased to welcome a new group of international investors to the Company. These funds will assist in the launch of a follow-up drill program on our NewMétal Property in Quebec.”

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n connection with the closing, the Company will pay finder’s fees of up to 6% cash to certain finders. The shares and warrants comprising the Units are subject to a hold period expiring September 4, 2023.

About Starr Peak Mining Ltd.

Starr Peak Mining Ltd. is a Canadian based mineral exploration company focused on the acquisition and exploration of precious and base metal mineral deposits. The primary objective of the Company is to acquire, explore and develop high potential and quality gold and base metal deposits and projects in the Americas. The Company is committed to creating long-term shareholder value through mineral discoveries.