BARKSDALE RES CORP - BRKCF STOCK NEWS

Barksdale Resources Corp. has announced a $1,750,000 non-brokered private placement of secured convertible debentures arranged through Delbrook Capital Advisors. This funding, supported by Delbrook, a long-time shareholder, aims to provide liquidity as the company approaches crucial project milestones in 2022. The debentures will mature on December 31, 2022, bear interest at 10% per annum, and are convertible at a 47% premium to the company's recent trading price. Proceeds will be utilized for general corporate purposes and to enhance liquidity without diluting shareholder value.

Barksdale Resources Corp. (OTCQX: BRKCF) has completed a 5,000-meter Phase I drilling program at the Cerro Verde zone in San Javier, Mexico. All 36 drill holes encountered copper mineralization, confirming the expansion of the oxide copper footprint. Key results included 57m of 0.74% copper from surface and additional significant near-surface intercepts. The company aims to produce an updated geological model and calculate a resource estimate in early 2022, with ongoing metallurgical tests indicating favorable heap-leach processing potential.

Barksdale Resources Corp. has announced promising initial drill results from its 5,000-meter core drilling program at the San Javier copper-gold project in Sonora, Mexico. Key findings include Hole SJ21-04 intersecting 38.5m at 0.38% copper and 0.38 g/t gold, and Hole SJ21-05 intersecting 105m at 0.63% copper and 0.40 g/t gold. The results show strong continuity with historical data, indicating significant copper and gold mineralization. The company expects to release further assay results in the coming weeks and into early 2022.