ESSEX ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT FOR $744,500

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VANCOUVER, BC, Sept. 30, 2022 /CNW/ - Essex Minerals Inc. (the "Company") (TSXV:ESX.VN) (OTC-BB:ESXMF) is pleased to announce that further to its news release of September 21, 2022, it has closed the first tranche of its non-brokered private placement (the "Financing"), raising $744,500 in gross proceeds through the issuance of 37,225,000 units (the "Units") at a price of $0.02 per Unit.  Each Unit consists of one common share and one share purchase warrant, with one whole warrant entitling the holder to purchase one additional common share (a "Warrant Share") of the Company at a purchase price of $0.05 per Warrant Share for a period of 60 months from the date of closing. The Company anticipates the final tranche closing of the Financing by October 5, 2022.