Toronto, Ontario, December 7, 2022 – Ubique Minerals Limited (“Ubique” or the “Company”) (CSE:UBQ) is pleased to announce that the Company has closed the first tranche of the nonbrokered private placement offering announced on August 11, 2022 (the “Offering”). The total gross proceeds for the first tranche of the Offering is $879,601 payable in a combination of cash, debt settlement of amounts owed to an officer and consultants and shares in capital of Greenbank Capital Inc. (CSE:GBC). The Company has also issued shares for services, pursuant to an online marketing agreement, previously announced on January 4, 2022.