Highlights

• GTI Energy has received firm commitments to raise $4.5 million through a placement
  to sophisticated, professional and institutional investors.
• Strategic investor Snow Lake Energy acted as cornerstone to the transaction.
• Issue price of $0.0035 per share represents a 16.7% premium to the last close price of
  $0.0030.
• Mew funds to underpin resource expansion and infill drilling at Lo Herma.
• Alpine Capital and CPS acted as Joint Lead Managers to the placement.

“We are thrilled with the robust backing from our investors, particularly Snow Lake’s strategic investment. Snow Lake’s commitment is strategically significant due to the proximity of its 50/50 JV Pine Ridge project, which adjoins Lo Herma along trend”.

“The placement provides us with the financial runway to advance Lo Herma through the next phase of drilling and fieldwork, aimed at expanding and upgrading the project’s resource base. We look forward to building on the positive baseline economics established in our recently completed Scoping Study, further strengthening the investment case for Lo Herma. With the U.S. nuclear power sector gaining momentum and uranium supply tightening, we are well-positioned to grow Lo Herma and enhance its resource confidence.”

Bruce Lane, Executive Director, GTi Energy