Search Minerals Receives $1,075,481 From Exercise of Warrants

VANCOUVER, British Columbia, July 20, 2022 (GLOBE NEWSWIRE) -- Search Minerals Inc. (TSXV: SMY | OTCQB: SHCMF) (“Search” or the “Company”), is pleased to announce the exercise of 15,364,015 previously issued common share purchase warrants of the Company (the “Warrants”) at an exercise price of $0.07 per Warrant in July 2022 for aggregate gross proceeds of $1,075,481. Each Warrant was exercisable into one common share of the Company until July 12, 2022, as further disclosed in the Company’s news release dated April 30, 2020, and an aggregate of 654,669 unexercised Warrants have now expired.

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