(TheNewswire)
Vancouver, British Columbia – October 14, 2026 – TheNewswire - District Mines Ltd. (NEX: DIG.H) (the “Company”) is pleased to provide an update on its recent entries into two promissory notes.
The Company entered into a non-interest bearing, unsecured promissory note dated January 21, 2026, with E Squared Capital Ltd. (“E Squared”), pursuant to which E Squared provided a loan in the amount of $150,000 (the “E Square Loan”) to the Company.
The E Square Loan is an arm’s length transaction. No finder’s fee, commission or other compensation is payable in connection with the E Square Loan.
The Company further announces that it entered into a 10% bearing, unsecured promissory note dated June 16, 2026, with Dustin Kinch (“Kinch”), a director of the Company, pursuant to which Kinch provided loan in the amount of $250,000 (the “Kinch Loan”) to the Company.
The Kinch Loan is a non-arm’s length transaction since Mr. Kinch is a director of the Company. No finder’s fee, commission or other compensation is payable in connection with the Kinch Loan.
Both of the loans are being used by the Company for general working capital.
District Mines Ltd. is a Canada-based company. The Company explores for and develops petroleum and natural gas reserves in Western Canada.
For further information, please contact:
District Mines Ltd.
Tel: (250)-412-9819
Email: districtminesltd@gmail.com
Forward-Looking Statements
This news release contains "forward-looking statements" under applicable Canadian securities laws. Such statements are based on current expectations, assumptions, and projections and involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, without limitation, audit outcomes, regulatory or exchange approvals, market conditions, competitive pressures, global economic shifts, and the Company's ability to execute its strategy. Readers are encouraged to review the Company's most recent Management Discussion & Analysis available on SEDAR+ (https:/www.sedarplus.ca/) for additional risk factors. The Company undertakes no obligation to update or revise forward-looking statements, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
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