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 “Company” or “Baymount“) today announces that, following its press releases dated April 12, 2024 and May 31, 2024, the Company has completed its 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 complete 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 “Offer“). Each unit consists of one common share (each, a “Ordinary share“) in the capital of the Company and one warrant to purchase one common share (each a “WarrantyEach 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 scheduled payments to any party unrelated to the Company and will not use the proceeds of the Offering to make any payments to any person engaged in investor relations activities.