RATHDOWNEY CLARIFIES PRIVATE PLACEMENT AND DEBT SETTLEMENT

Rathdowney Resources Ltd. announces that it has completed the final tranche of its previously announced private placement (July 29, 2021) by issuing 10,142,857 Units for gross proceeds of $355,000. The Company has therefore in the aggregate issued a total of 38,964,853 Units and raised an aggregate total of $1,363,770 under the private placement. In addition, the Company has also completed a debt settlement of $500,000 as announced on December 31, 2021, which together with the private placement represents a total amount of $1,863,769.

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