Galactic Gold Corp. — Capital/Financing Update 2023

Dec 20, 2023

LOGICA VENTURES ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Vancouver, British Columbia (December 20, 2023) – Logica Ventures Corp. (" Logica " or the " Company ") (TSXV: LOG.P), a capital pool company listed on the TSX Venture Exchange (the " Exchange "), is pleased to announce that it has closed its private placement previously announced on December 8, 2023 (the “ Private Placement ”).

Pursuant to the Private Placement, each of Anthony Viele and Darren Collins, directors of the Company, purchased 66,667 common shares at a price of $0.075 per share for aggregate proceeds of $10,000. The proceeds of the Private Placement will be used for general working capital purposes. The common shares are subject to a hold period expiring April 12, 2023 and are subject to escrow under a Form 2F CPC Escrow Agreement in accordance with the requirements of the Exchange for capital pool companies. No finders fees were paid in connection with the Private Placement.

Logica has applied to reinstate trading of its common shares on the Exchange and a reinstatement review is in process.

The Company is continuing to focus on the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

ON BEHALF OF THE BOARD

"Clayton Fisher"

Clayton Fisher CEO, CFO, Corporate Secretary and Director Phone: 236-547-7375

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.

This release includes forward-- - looking statements regarding the Private Placement. Such statements are based on the current expectations of the management of each entity. The forward- - looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding economic factors and the equity markets generally. No forward-- - looking statement can be guaranteed. Except as required by applicable securities laws, forward-- - looking statements speak only as of the date on which they are made and the Company undertakes no obligation to publicly update or revise any forward-- - looking statement, whether as a result of new information, future events, or otherwise, except as may be required by applicable law.

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