LaSalle closes $1,648,701 Private Placement

LaSalle Exploration Corp. has announced the closing of a hard dollar and flow-through unit private placement raising gross proceeds of $1,648,701. Each unit sold was comprised of one common share and one-half common share purchase warrant, with each whole warrant being exercisable into one common share for 18 months from the closing date of the Offering, at $0.15 per share. Gross proceeds of $845,000, to be used for general corporate purposes, was raised from the sale of 8,450,000 Units at $0.10 per Unit. A further 5,033,646 flow-through Units (the "FT Units") were sold at $0.11 per FT Unit on a flow-through basis for gross proceeds of $553,701 ("FT Proceeds"), and a further 1,923,077 Quebec flow-through Units the ("QFT Units") were sold at $0.13 per QFT Unit on a flow-through basis to residents of Quebec for gross proceeds of $250,000 ("QFT Proceeds"). The gross FT Proceeds and QFT Proceeds will be used for exploration expenditures that will qualify as Canadian Exploration Expenditures ("CEE") and "flow-through mining expenditures" within the meaning of the Income Tax Act (Canada), with the QFT Proceeds expended exclusively on the Company's properties in Quebec and thereby qualify for additional deductions under the Taxation Act (Quebec).

"We are very pleased to be in a strong financial position to advance the Company's gold properties in Ontario and Quebec and accelerate our corporate agenda," commented Ian Campbell, President and CEO of LaSalle.

The FT Proceeds will be expended on the Company's Blakelock and Egan gold properties in northeastern Ontario. The QFT Proceeds will be expended on the company's Radisson gold property in the Eeyou Istchee-James Bay region of Quebec. 

Eventus Capital Corp. and Haywood Securities Inc. acted as Advisors on a portion of the Offering for which they received commissions of 6% in cash on the Units placed and 6% of the number of Units placed in compensation warrants having the same terms as the Unit warrants. 

The shares, warrants and shares resulting from exercise of the warrants issued in the Offering will be subject to a four-month resale hold period in Canada ending March 27, 2021. 

About LaSalle Exploration Corp

LaSalle is an exploration company focused on less-explored districts of the Abitibi Greenstone Belt, recognized for mining investment based on mineral potential, policy and success, central to world-class mining districts in Ontario, and the developing Eeyou Itschee-James Bay region in Quebec. 

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