Baymount Announces Termination of Previously Announced Private Placement and Proposed New Private Placement

Toronto, Ontario–(Newsfile Corp. – September 6, 2024) – Baymount Incorporated (TSXV: BYM.H) (the “Corporation” or “Bay Mountain“) today announces that, further to the press releases dated April 12, 2024 and May 31, 2024, the Company has completed the previously announced private placement of units (each a “Unit“) for aggregate gross proceeds of up to $100,000 through the issuance of units at a price of $0.01 per unit.

The Company now intends to conduct a private placement for aggregate gross proceeds of up to $100,000 through the issuance of Units at a price of $0.01 per Unit (the “To offer“). Each unit consists of one ordinary share (each a “Ordinary shares“) in the capital of the Company and one warrant for the purchase of ordinary shares (each a “bail“). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 for a period of one year from the closing date of the Offering. The gross proceeds from the sale of the Offering will be used for working capital and general corporate purposes. The Company will not make any proposed payments to parties other than those independent of the Company and will not make any payments to persons conducting investor relations activities with the proceeds of the Offering.