VANCOUVER, British Columbia, June 05, 2025 (GLOBE NEWSWIRE) -- HI-VIEW RESOURCES INC. (‘HI-VIEW' OR THE ‘COMPANY’) (CSE: HVW; OTCQB: HVWRF; FSE: B63)

Further to the Company's news release issued on May 28, 2025 announcing the non-brokered private placement, the Company further clarifies that the Company will rely on the exemption set out in Section 4.6(2)(b) of CSE Policy 4 - Corporate Governance, Security Holder Approvals and Miscellaneous Provisions (the "Policy") with respect to the requirement to obtain shareholder approval of such transaction whereby the Company is issuing more than 100% of its issued share capital on a fully diluted basis (relating to the Private Placement warrants). The Company applied and was granted by the CSE the exemption from shareholder approval based on the following: The Company is in financial hardship, has reached an agreement to complete the offering, no related persons as defined in Policy 1 will participate in the transaction; and has been approved by the majority of the independent directors of the Company.

The non-brokered private placement will consist of up to 4,800,000 units (each a “Unit”) at a price of $0.10 per Unit for gross proceeds of up to $480,000 (the “Private Placement”). Each Unit will consist of one common share (each, a “Share“) and one transferrable common share purchase warrant (each, a “Warrant”).  Each Warrant entitles the holder to purchase one additional Share of the Company at a price of $0.12 per Share for a period of 36 months from the date of issuance. Following closing of the Private Placement there will be 9,640,060 shares outstanding on a non-diluted basis.

The net proceeds from the Placement will be allocated towards general corporate purposes including arm’s length payables, exploration activities on its Toodoggone Projects. In accordance with the regulations of the Canadian Securities Exchange ("CSE"), an up to 10% finder’s fees may be applicable.  All securities issued pursuant to the Private Placement will be subject to a hold period of four months and one day as required under applicable securities legislation.

About Hi-View Resources Inc.

Hi-View is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada. The Company, through its subsidiary, holds a 100% interest in the Babine BC Copper-Gold property as well as interests in the Golden Stranger Property and the Lawyers East, West, South and BEN claims, located in the prolific Toodoggone region of northern BC, highly prospective for gold, silver, and copper. The collective holdings cover over 9,749 hectares.