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ACLARA ANNOUNCES CLOSING OF TRANCHE 1 OF PRIVATE PLACEMENT

Newswire.ca - Thu Apr 2, 6:45AM CDT

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES/

TORONTO, April 2, 2026 /CNW/ - Aclara Resources Inc. ("Aclara" or the "Company") (TSX: ARA) is pleased to announce the closing yesterday of the first tranche ("Tranche 1") of its non-brokered private placement financing pursuant to which CAP S.A. ("CAP"), Hochschild Mining Holdings Limited ("Hochschild") and New Hartsdale Capital Inc. ("New Hartsdale") subscribed for 20,078,697 common shares of the Company (the "Common Shares") for aggregate gross proceeds of US$41,458,276 (the "Tranche 1 Closing") at a price of C$2.83 per share. Tranche 1 forms part of the Company's previously announced non-brokered private placement of up to 24,215,548 Common Shares for aggregate gross proceeds of US$50,000,001 (the "Private Placement"), which will be completed in two tranches. As a result of the Tranche 1 Closing, the total number of issued and outstanding Common Shares of the Company increased from 222,361,749 to 242,440,446. Additionally, each of CAP, Hochschild and New Hartsdale now respectively hold 30,194,622, 46,802,843 and 88,372,355 Common Shares representing approximately 12.45%, 19.30% and 36.45% of the issued and outstanding Common Shares of the Company.

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