PRECORE GOLD CORP — Capital/Financing Update 2024

Dec 13, 2024

DOUBLE DEUCE EXPLORATION CORP.

200 – 551 Howe Street

Vancouver, British Columbia V6C 2C2

NEWS RELEASE

DOUBLE DEUCE CLOSES NON-BROKERED PRIVATE PLACEMENT

December 13, 2024 – Double Deuce Exploration Corp. (CSE: DD) (the “Company” or “Double Deuce”) announces that further to the news release dated October 15, 2024, it has closed its non-brokered private placement (the “Private Placement”) issuing 3,888,889 units (the “Units”), at a price of $0.09 per Unit for gross proceeds of approximately $350,000. Each Unit is comprised of one common share in the authorized share structure of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant is exercisable to acquire one Share until December 13, 2026 at an exercise price of $0.12 per Share in the first year and at a price of $0.15 per Share in the second year.

Michael Dake, a director and officer of the Company, acquired 400,000 Units in the Private Placement. He is therefore a “related party” and his participation constituted a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). Such participation is exempt from the formal valuation and minority shareholder approval requirements in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 as neither the fair market value of the Units acquired by the related party, nor the fair market value of the consideration for the Units paid by such related party, exceed 25% of the Company's market capitalization.

The Company intends to use the proceeds from the Private Placement for general working capital purposes.

All the securities issued in connection to the Private Placement are subject to a statutory hold period expiring April 14, 2025, in accordance with applicable Canadian securities laws.

About Double Deuce

Double Deuce is a mineral exploration company which holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,231.03 hectares comprising the Kimber Property located near Kimberley, British Columbia, subject to a royalty obligation.

FOR FURTHER INFORMATION PLEASE CONTACT: Michael Dake, Chief Executive Officer, at:
Suite 200 – 551 Howe Street, Vancouver, British Columbia V6C 2C2;
Tel.: +1 (604) 683-8610, Email: mdake@shaw.ca

Forward-Looking Statements

Certain statements in this release are forward-looking statements, which reflect assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company's operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company's prospectus dated April 30, 2024 and filed under the Company's profile on SEDAR+ at www.sedarplus.ca. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward looking-looking statements or forward looking information, except as required by law.

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