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Maritime Resources Corp.: Maritime Resources Announces Proceeds of $1.94 Million from Exercise of Warrants Toronto, Ontario (Newsfile Corp. - April 13, 2021) - Maritime Resources Corp. (TSXV: MAE) ( Maritime or the Company ) is pleased to announce the exercise of 12,959,357 common share purchase warrants for gross proceeds of $1.94 million. Each common share purchase warrant was exercisable for one whole common share of the Company, for a period of two years at an exercise price of $0.15. The warrants were issued in connection with a non-brokered private placement announced on March 14, 2019. Maritime currently has 7.9 million common share purchase warrants outstanding. This infusion of cash further strengthens Maritime s balance sheet, which following the close of Tembo Capital s private placement and the purchase of the Nugget Pond gold circuit announced earlier today brings the Company s current cash position to $11.5 million, commented Garett Macdonald, President and CE

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