Blue River Resources Ltd. — Capital/Financing Update 2023

Apr 21, 2023

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BLUE RIVER RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT OFFERING

Vancouver, BC – March 21, 2023 – Blue River Resources Ltd. (the “Company” or “Blue River”) (TSX Venture – BXR) OTC (http://www.blueriv.com) announces commencement of a private placement offering of units in the Company at a price of $0.01 per unit to raise gross proceeds of up to $600,000. Each unit is comprised of one common share and one share purchase warrant, whereby each warrant will entitle the holder to purchase one additional common share at an exercise price of $0.05 per share for a period of five years from the closing of the offering. A finder’s fee may be payable with respect to part of the offering. The proceeds from the offering will be used mainly to advance the Castle Copper Project, located approximately 2 km south of Kodiak Copper’s MPD project southern border, as well as filing fees / regulatory fees, legal, audit and accounting fees and for general corporate purposes.

If fully subscribed, the proposed use of proceeds of the private placement will be as follows:

	Corporate finance fee:	10%
	Pay existing accounts payable:	10%
	Mineral exploration:	30%
	TSX Venture Exchange sustaining and filing fees and	5%
	Transfer agent fees:
	Accounting and audit fees	10%
	Legal fees	5%

The private placement and any finder’s fees are subject to acceptance for filing by the TSX Venture Exchange.

ON BEHALF OF THE BOARD BLUE RIVER RESOURCES LTD.

Griffin Jones President, Director For further information contact:

Tel: (604) 682-7339 or visit www.Blueriv.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.