Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - District Metals Corp. (TSXV: DMX) (Nasdaq First North: DMXSE SDB) (OTCQX: DMXCF) (FSE: DFPP); ("District" or the "Company") is pleased to announce that it has closed its non-brokered private placement financing under the Listed Issuer Financing Exemption (as defined below) as supplemented and amended by Blanket Order 45-935 (as defined below), whereby the Company raised C$9,999,999.76 through an offering of 14,705,882 common shares in the capital of the Company (the "Shares") at C$0.68 per Share (the "Offering"). The Shares offered under the Offering are not subject to a hold period in accordance with applicable Canadian securities laws.