Bayridge Resources Announces Non-Brokered Private Placement And Concurrent FT Private Placement

(MENAFN- Newsfile Corp) Bayridge Resources Announces Non-Brokered Private Placement and Concurrent FT Private Placement

June 01, 2026 3:05 AM EDT | Source: Bayridge Resources Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 1, 2026) - Bayridge Resources Corp. (CSE: BYRG) (OTCQB: BYRRF) (FSE: O0K0) ("Bayridge" or the "Company") is pleased to announce that it intends to complete a non-brokered private placement of up to 5,000,000 units (" Units ") at a price of $0.20 per Unit for aggregate gross proceeds of up to $1,000,000 (the " Offering ").

Each Unit it to be comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a " Warrant "), with each Warrant exercisable for one additional common share (a " Warrant Share ") at a price of $0.30 per Warrant Share for a period of 24 months from the date of issuance.

Proceeds from the sale of the Units are intended to be used for general working capital purposes including to fund exploration work on the Company's Baker Lake Uranium Project and Waterbury East Project, as well as the evaluation of additional mineral property opportunities.

Concurrent Non-Brokered Flow Though Private Placement

The Company also wishes to announce a concurrent non-brokered flow through private placement of up to 5,000,000 flow-through units (" FT Units ") at a price of $0.225 per FT Unit, for aggregate gross proceeds of up to $1,125,000 (the " Concurrent Offering ").

Each FT Unit is to be comprised of one common share issued on a flow-through basis under the Income Tax Act (Canada) and one-half of one common share purchase warrant (each whole warrant a " FT Warrant ") with each FT Warrant exercisable for one additional common share (a " FT Warrant Share ") at a price of $0.30 per FT Warrant Share for a period of 24 months from the date of issuance.

Proceeds from the sale of the FT Units are intended to be used to incur "Canadian exploration expenses" as defined in the Income Tax Act (Canada).

The Company may pay finder's fees in connection with the Offering and the Concurrent Offering. All securities issued under the Offering and the Concurrent Offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange (the " CSE ").

Completion of the Offering and Concurrent Offering are subject to certain conditions including the receipt of all necessary approvals, including the approval of the CSE.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933 (the " U.S. Securities Act ") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

About Bayridge Resources Corp.

Bayridge Resources Corp. is a green energy exploration company advancing a portfolio of Canadian uranium projects.

The Company's 51%-owned Baker Lake Uranium Project comprises 83 contiguous claims covering approximately 619 km2 in the Kivalliq Region of Nunavut. Exploration has defined a 75-kilometre unconformity corridor hosting multiple uranium targets, supported by historical drilling and modern airborne geophysical surveys.

Bayridge has also earned a 40% interest in the Waterbury East Project, located approximately 25 kilometres northeast of the Cigar Lake Mine in the northeastern Athabasca Basin. Geophysical surveys have identified a 7-kilometre conductivity corridor, where historical drilling from the mid-2000s intersected faulted and altered basement rocks with localized uranium enrichment. Significant portions of this corridor remain untested.

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