Vancouver, British Columbia–(Newsfile Corp. – October 3, 2022) – Barksdale Resources Corp. (TSXV: BRO) (“Barksdale” or the “Company”) is pleased to announce that Teck Resources Limited (“Teck”), a large shareholder of the Company and one of Canada’s leading mining companies, has elected to exercise its pro-rata equity participation rights and will subscribe for 550,000 units (the “Units”) for gross proceeds of $264,000 (“Financing”). The Units have identical terms to the financing that closed on September 21, 2022. Each Unit consists of one share and one-half (1/2) of one transferable share purchase warrant, with each whole warrant entitling the holder thereof to purchase one common share at $0.72 for a period of three years. Following the Financing, Teck will hold approximately 9.9% of Barksdale’s equity on a partially diluted basis.