Sokoman And Benton Provide An Update On Drilling At The Kraken Lithium And Grey River Gold Projects, Southwest Newfoundland |

East dyke swarm has multiple Li-bearing (spodumene) dykes up to 27 m wide, located 600 m to the east of the Kraken discovery dyke

Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to update shareholders on the drilling progress at both the Kraken Lithium and Grey River Gold projects in southwest Newfoundland

Early in 2022, the Alliance completed the first-ever drill campaign for lithium on the Island of Newfoundland at the Kraken Lithium discovery on the Golden Hope JV Project. Six diamond drill holes tested the original Kraken discovery-dyke area where selective surface grab samples returned values from trace up to 2.37% Li2O. The winter drilling program verified the existence of significant lithium-rich dykes flanking the regional Bay d'Est Fault where hole GH-22-01 intersected 0.94% Li2O over 8.4 m. Important structural information was obtained from the drilling including the presence of relatively flat-lying dykes, as well as folding in the system. The flat-lying dykes are significant, in that the bulk of the lithium mineralization at Piedmont Lithium's Piedmont project in North Carolina lies in flat-lying dykes linking subvertical dipping dykes.

In May and June, 2022, the Alliance constructed a ten-man exploration camp and mobilized an excavator and diamond drill rig to the project site. To date in this exploration phase, the Alliance has completed further mapping, prospecting, trenching, and an additional 2392 m of drilling in 13 drill holes. The new drilling has targeted the East Dyke swarm, which is 600 m to 650 m to the east of the Kraken discovery dyke, intersecting multiple spodumene-bearing pegmatite dykes, over core lengths of up to 27 m while also gaining a better understanding of the geological setting of the dykes for future targeting.

The drill program is shut down for a scheduled crew break with drilling to recommence in two weeks. The Alliance will continue with regional exploration in the area including mapping, prospecting and soil geochemical sampling over this large and prospective area.

Sokoman's President and CEO Tim Froude, comments: "Drilling at Kraken's East Dyke Swarm has delivered multiple significant intersections of spodumene-rich pegmatite with multiple targets remaining to be tested. We will be completing a multidisciplinary program to further define drill targets at this rapidly-emerging lithium prospect. At Grey River, the large silica system is being tested by drilling that will continue for at least another month. The size of the system is impressive, and we hope to determine regional controls on the gold mineralization as we move forward with the program. We are proving again through this exploration that much of Newfoundland has been underexplored, and what is required is an aggressive approach to drilling, something that has been lacking in the past."

Benton's President and CEO Stephen Stares, states: "We are very pleased with our success rate thus far on both the Kraken and Grey River projects. While it is easier to assess success through the visual identification of spodumene in the Kraken drill core, we are also looking forward to receiving and analyzing the gold assays from the Grey River project. Our collective exploration teams are hoping that we are in the early days of Newfoundland's next wave of big mineral discoveries."

More than 700 core samples have been cut and submitted to the SGS Prep Lab in Grand Falls-Windsor and then shipped to SGS Lab in Burnaby, BC for Lithium and multi-element analysis.

Steve Stares, President and CEO of Benton Resources, with a section of spodumene dyke from GH-22-15

Spodumene (lithium) rich section of GH-22-15 - Kraken Prospect - Golden Hope Joint Venture

At the Grey River Gold Project, the Alliance is currently drilling hole GR-22-14, the ninth drill hole of a planned 15-20-hole, 2,000 m program designed to test the geometry at depth of units associated with anomalous gold on surface, as well as mineralized intercepts from the Phase 1 program. DDH GR-21-01 intersected three parallel gold zones including 1.80 m of 10.58 g/t Au (see November 25, 2021 press release). The gold mineralization is associated with zones of silica associated with disseminated and stringer pyrite (from 2% - 20% pyrite) in the >10-km-long quartz/silica body.

To date the Alliance has cut and submitted 400 core samples for analysis* at Eastern Analytical in Springdale, NL. Prospecting and mapping will be continued throughout the summer to assist with drill targeting.

Drill core from Grey River showing sulphide stringers cross-cutting the silica zone - GR-22-11

*All samples are shipped to Eastern Analytical Ltd., in Springdale, NL for Au (by fire assay) and 34 element ICP analysis. Any assay returning greater than 1 g/t Au (1 gram per tonne gold or 1000 ppb gold) will be re-assayed using metallics pulp methods. Blanks and standards are regularly inserted as part of the Alliances' joint sampling protocols, in addition to standards and duplicates inserted by Eastern Analytical Ltd. Eastern Analytical Ltd. is an ISO accredited lab.

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration of Benton Resources Inc. Both are 'Qualified Persons' under National Instrument 43-101.

To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman and Benton will continue to use best practices in the course of performing all work programs and will follow any future federally or provincially mandated or recommended COVID-19 guidelines.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake, and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland. Sokoman now controls independently and through the Alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold district. Sokoman also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements, and most-recently Lithium assets, and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

For further information, please contact:

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Sokoman Minerals Corp. Timothy Froude, P. Geo., President & CEO Phone: 709-765-1726 Email:tim@sokomanmineralscorp.com

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca

Website: www.bentonresources.ca, www.sokomanmineralscorp.com Twitter: @BentonResources, @SokomanMinerals Facebook: @BentonResourcesBEX, @SokomanMinerals LinkedIn: @BentonResources, @SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance's prospects, properties and business detailed elsewhere in the Alliance's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Alliance's expectations or projections.

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The prospect generator model has become one of the resource industry’s best strategies for minimizing risks associated with exploration-stage projects. With the intent to maximize rewards, this model combines diverse portfolios, strong partnerships and capital structures that reduce dilution. Because of this, investors get an opportunity to capitalize on some of the most prospective exploration and mining companies in the world under highly favorable conditions.

The prospect generator model is a unique take on exploration. Analysts point out that most of the value in prospective companies is the team’s intellectual capital and talents rather than its assets. With the right team, investors could see substantial returns and exposure to potential discoveries that some companies only dream of.

Benton Resources (TSXV:BEX) is a project generator and mineral exploration company focused on base and precious metal exploration. The company’s diverse property portfolio includes several highly prospective Canadian projects that leverage mining-friendly judicial conditions, strong partnerships and tremendous infrastructure for mining success. Many of Benton’s high-grade projects are available for option and cover various mineral assets, including gold, silver, nickel, copper and platinum group metals (PGMs).

Benton’s key projects and equity positions are in partnership with some of Canada’s biggest mining and exploration players. For example, Rio Tinto Canada currently operates its Bark Lake project and Baril Lake West PGM project. In January 2021, Benton announced it had received the second-anniversary option payment of C$25,000 from Rio Tinto Canada for the Baril Lake West project. This project is particularly exciting due to 2018 discoveries of significant mineralization grading 4.78 percent nickel and 0.43 percent copper over 2.08 m on Rio’s neighboring claim.

Benton’s diverse portfolio presents investors with tremendous near and long-term upside. The company currently has over 34 million combined shares in some of Canada’s most exciting mining and exploration projects and jurisdictions. This includes 24.6 million shares of Clean Air Metals (TSXV:AIR), which is advancing the high-grade Thunder Bay North and Escape Lake PGM projects; 4.0 million shares of Quadro Resources (TSXV:QRO), which is advancing the Staghorn Gold project in Central Newfoundland near Marathon Gold’s multi-million ounce gold discovery; 1.38 million shares of Metallica Metals (CSE:MM), which is working on the Saganaga Gold (now Starr) project; and 3.6 million shares of Maxtech Ventures (TSXV:MVT), which is advancing the company’s Panama Lake gold project in the prolific Red Lake District.

Partnerships like these provide Benton with excellent project generation and expansion opportunities while giving investors exposure to other exciting projects inside Benton’s portfolio, such as its highly prospective Far Lake and Iron Duke gold projects. Benton hosts other significant investor opportunities, and the company focuses on retaining net smelter royalties (NSR) when possible for potential long-term cash flow.

The company’s high-quality property portfolio is matched with a world-class management team. In 2007, management members received the PDAC Bill Dennis Award and later the NWOPA Discovery of the Year Award in both 2015 and 2017.

Benton acquired the Far Lake project from White Metal Resources (TSXV:WHM) with the option to earn up to 70 percent interest. The project has strong infrastructure, including access to logging roads starting at the Trans-Canada Highway, the CN rail and efficient power.

In 2017, WHM discovered the primary copper-sulfide occurrence on the property. Further soil geochemical sampling identified excellent copper zone targets, which poses exciting potential discoveries as prospecting and mapping structures and project geology continue. Trenching and sampling programs at the Far Lake provided results that include a 0.7 m channel sample that assayed 22.0 percent copper, 30.2 g/t silver and 0.25 g/t gold.

The first phase drilling has discovered wide zones of copper mineralization including 0.15 percent copper (Cu) over 60.4 m, 0.35 percent Cu over 15.6 m and 1.43 percent Cu over 2.6 m in FL-20-11, and further samples have been submitted as current results ended in copper mineralization. Drill hole FL-20-11 is located approximately 1,900 m NW along the same structure as the Far Lake main zone which also produced significant results, including 0.19% Cu over 34.6m including 0.89% Cu 1.08g/t Ag over 4.0m in FL-20-03. It should be noted that drilling in holes FL-20- 01 to FL-20-05 in the Far Lake main zone was interrupted by a series of diabase dykes, and further deeper drilling is being planned to intersect the zones further away from the dykes.

In December 2020, the company hired Abitibi Geophysics to complete a detailed 12 km2 DasVision 3D Induced Polarization (IP), which identified high priority targets for the Phase II drill program that is currently underway.

Results of the first drill program are as follows:

On July 2, 2019, Benton Resources announced that it had executed two separate binding purchase agreements with Rio Tinto Exploration Canada (RTEC) and Panoramic Resources (PAN) (ASX:PAN) to purchase 100 percent interest in the TBN and Escape Lake deposits located only 50 km from the company’s office in Thunder Bay and approximately 60 km south of Impala Canada’s Lac des Iles Mine.

Under the agreements, Benton paid RTEC C$3 million on signing with further C$3 million paid over 3 years. RTEC retained a 1 percent Net Smelter Royalty (NSR) on the Escape Lake claims. Under the PAN Agreement, Benton would acquire PAN’s wholly owned Canadian subsidiary, Panoramic PGMs Canada Ltd., which holds the Thunder Bay North Project (the ‘TBN Project’) for $9 million CAD.

Subsequently Benton entered into an agreement with Regency Gold, which later changed its name to Clean Air Metals (TSXV:AIR). Clean Air would pay all remaining payments and complete all commitments under the agreements. Benton received 24.6 million shares of AIR and retains a 0.5 percent net smelter return royalty from production on the Escape Lake Deposit and a 0.5 percent net smelter return royalty from production on any mineral claims comprising the TBN portion of the project where a net smelter royalty has not previously been granted, which includes the Beaver and Cloud Zones plus portions of the Bridge Zone, each being part of the Current Lake deposit excluding the northern portion of the TBN deposit under Current Lake, where there is an existing 3 percent NSR.

Since the closing of the transaction, and in a short period of time, Clean Air has aggressively and efficiently advanced the project with a recent new mineral resource estimate prepared by Nordmin Engineering. It was based on an underground ramp-access constrained resource model with a cut-off value equating to 1.56 g/tonne PdEq (2.56 g/t PtEq) using 3 year trailing average metal prices for all metals except cobalt, which used a 2 year trailing average.

The Current Lake deposit contains an Indicated Mineral Resource of 11,999,177 tonnes grading 3.44 g/t PdEq and an Inferred Mineral Resource of 6,406,960 tonnes grading 2.02 g/t PdEq. The Escape Lake deposit contains an Indicated Mineral Resource of 4,286,220 tonnes grading 3.67 g/t PdEq and an Inferred Mineral Resource of 3,445,179 tonnes grading 2.23 g/t PdEq equating to 1,834,158 ounces PdEq indicated and a total Inferred Resource of 663,660 ounces PdEq.

The TBN project is located 40 km north of the City of Thunder Bay, Ontario and 65 km south of the Lac des Iles palladium mine owned by Impala Canada. Two drills continue to turn, and Clean Air is expected to deliver a PEA in the second quarter of 2021.

Benton has executed an option to joint venture agreement with Rio Tinto Exploration Canada Inc. on the Bark Lake project. Under the terms of the Option, Rio Tinto can earn a 70 percent interest by incurring C$3 million in exploration expenditures and by paying Benton C$50,000 cash over 5 years (the “First Option”). After the First Option period, RTEC may either form a joint venture with Benton on a 70/30 basis or, at its election, increase its interest to 80 percent (the “Second Option”) by spending an additional C$5 million in exploration expenditures over 4 years and by paying Benton C$100,000 cash within 30 days after electing to exercise the Second Option. Upon exercising the Second Option, RTEC may elect to form a joint venture with Benton on an 80/20 basis.

The Bark Lake property hosts widespread greenstone and granitic rock coverage along the Quetico Fault. It is approximately 100 km west of the Escape Lake and Thunder Bay North projects. The Bark Lake property is host to a number of platinum (Pt), palladium (Pd), gold (Au), copper (Cu) and nickel (Ni) showings contained in mineralized ultramafic rock either in outcrop or dozens of mineralized boulders. The mineralized occurrences are situated along the Quetico Fault, a major crustal-scale east west oriented structure. Grab samples collected by Hackl Prospecting have returned grades up to 4.35 g/t Pd, 2.64 g/t Pt, 0.74 g/t Au, 1.2 percent Cu and 0.5 percent Ni. Samples collected by Benton personnel have confirmed significant precious and base metals across the project area. More recent sampling has returned individual assays grading up to 1.5 percent Ni, 1.2 percent Cu, 2.6 g/t Pt, 1.4 g/t Pd and 0.7 g/t Au. Twelve out of the 16 samples taken from the area returned results higher in Platinum than Palladium. Also of particular interest was the discovery of several semi-massive, net-textured sulphide boulders, with one measuring around 1 cubic metre in size and assaying 1.5 percent Ni. The boulders are angular in nature and believed to be located very close to the source.

In order to determine the source of the high-grade boulders, Benton carried out an extensive exploration program on the property including line-cutting, ground magnetics, ground IP, geological mapping and prospecting. The Mag and IP survey helped to define an ultramafic intrusion to the north of the property. Drill targets were defined based on the geophysical interpretation and Benton intersected the ultramafic intrusion in holes BL-08-04 and BL-08-05. Weak mineralization was present in these intersections but not to the same degree as in the boulders.

Subsequent drilling completed by RTEC in 2018 on the Bark Lake project encountered mineralization of 0.31 percent Cu and 0.72 g/t Pt + Pd over 19.2 m (see PR: Benton Receives Results from Rio Tinto on Bark Lake Option, dated May 25, 2018).

Benton has also entered into an option agreement with Rio Tinto Exploration Canada Inc. whereby RTEC will have the right to earn a 100% interest in Benton’s Baril Lake West claims located approximately 5 km west of Benton’s Bark Lake project which is currently under option to RTEC. Pursuant to the terms of the agreement, RTEC can earn 100 percent of the Baril project by paying Benton C$200,000 over 4 years and should RTEC achieve commercial production at the project, will pay Benton an additional C$1,000,000. The Company will also retain a 2 percent Net Smelter Royalty (NSR), 1 percent of which can be purchased by RTEC for C$1,000,000. The Company considers the Baril Lake project to be a favourable setting to potentially host copper-nickel and platinum group metals. Drilling completed by RTEC on it 100 percent owned Baril Lake Project located approximately 700 m east of Benton’s Baril Lake West had discovered a new significant mineralized zone grading 4.78 percent Ni and 0.43 percent Cu over 2.08 m in 2018 (Ontario ENDM Assessment File: 200000017073).

Benton announced on August 11, 2020 that it had entered into an Option Agreement with 2752300 Ontario Inc., a private Ontario company, which has now been acquired by Metallica Metals Corp. (through its ownership of 2752300 Ontario Inc.). The company can earn up to a 100 percent interest in the Project by completing the following:

Metallica, at its election, may then provide the company with the notice that it intends to earn an additional 30 percent interest (taking its interest to 100 percent, subject to underlying NSRs) in the Project by:

Drilling highlights include 5.36 g/t gold over 20m at the Starr zone and 32.0 g/t at the Powel zone.

The Panama Lake gold project is hosted in the prolific Red Lake Mining District and stands 55 km northeast of Ear Falls Township. The property has a limited exploration history with minimal drilling conducted by Noranda Exploration in 1988. The drill campaign yielded results of up to 2.8 g/t gold grades over 4.5 m in a 20 to 30 m wide mineralized shear zone.

Benton’s primary focus is on the highly prospective Panama gold zone on the property. In 2018, a drill campaign opened seven new prospective drill holes for testing and mapping purposes. Indicated gold grades from an adjacent mineralized zone showed 6.17 g/t gold surface sampling with the potential for even higher grades with additional drilling.

Ongoing exploration for the project includes high-resolution heliborne magnetic surveying over the entire Panama project. Data from this program will help add additional exploration targets for further prospecting and potentially drilling.

On October 24, 2019, Benton entered into an option agreement with Maxtech Ventures (MVT), pursuant to which MVT will have the option to earn up to a 100 percent interest in Benton’s 100 percent owned Panama gold project. Under the terms of the Option Agreement, subject to regulatory approval, Maxtech will be required to complete the following:

The Option Agreement contains a 2 km area of influence clause that covers the project’s claim boundary. Benton will retain a 2 percent NSR on the project with MVT having the option to buy back 1 percent for C$1 million. In addition, MVT will issue to Benton an additional 1 million MVT common shares upon completion of its initial NI 43-101 compliant resource calculation as defined in the Option Agreement. Should Maxtech earn a 50 percent interest but elect to earn no additional interest, a 50 percent MVT-50 percent Benton joint venture would then be formed. Alternatively, should Maxtech earn a 70 percent interest in the project but not elect to earn any further interest, a 70 percent MVT and 30 percent Benton joint venture would then be formed according to the terms of the Option Agreement.

The Staghorn gold project is in proximity to Marathon Gold’s flagship Newfoundland project and is being advanced by Quadro Resources. Benton currently has 4.2 million shares of Quadro Resources.

The property has 160 claim units covering 4,000 hectares. With fieldwork already underway, Quadro has the potential to expand exploration efforts on the three recently identified gold-rich systems, which require follow-up drilling. In December 2020, the latest drill campaign totaled 1,696 m with 13 completed drill holes. The exciting discovery of a new gold zone at Marks Pond saw 3.22 g/t gold over 5 m.

Quadro commenced follow-up drilling in February 2021, emphasizing the Marks Pond area. Soil anomalies and ideal winter mining conditions make this next step in exploring the Staghorn project a very promising one.

The Iron Duke gold project is located 20 km east of the past-producing Mattabi/Sturgeon Lake base metal deposits and 30 km south of the past-producing St. Anthony gold mine in Northwestern Ontario. Benton has 100 percent interest in the project via staking.

The property hosts limited exploration history and comprises 47 units in three claims. Past property owners have engaged in some diamond drilling and base metal exploration with reported grades of 0.19 g/t gold at 11.8 m and 1.07 g/t gold at 0.5 m.

The property’s widespread anomalous gold values and potentially unique iron formation horizon merit picking up exploration efforts from past property ownership. The company expects drilling commencement in August 2021 to test previously obtained high-grade trenching sample results.

Stephen Stares is a successful business entrepreneur with over 25 years of mineral exploration experience. His first seven years were spent with Noranda Exploration on such projects as the Hemlo gold mines, Eagle River gold deposit and the Geco and Mattabi base metal camps. The next 10 years of Stares’ career were spent managing Stares Contracting Corp’s operations, a successful mineral exploration services company in Thunder Bay, Ontario.

Since founding the company in 2004, Stares has been president of Benton Resources. He has been directly involved in the start-up of 10 publicly traded companies on the TSX Venture Exchange by assembling projects of merit and raising millions of dollars for these junior exploration companies. Throughout his career, Stares has discovered several major mineral occurrences in Canada that have been the subject of extensive exploration programs.

In March of 2007, Stephen and Michael Stares, along with the rest of the Stares/Keats family, were the proud recipients of the Prospectors and Developers Association (PDAC) Bill Dennis Prospector of the Year Award. This award was given to recognize the family’s contributions to the industry for the past 40 years.

Evan Asselstine received his Honours Bachelor of Commerce Degree from Lakehead University and is a member of the Institute of Chartered Professional Accountants of Ontario. Asselstine has been the CFO of Benton Resources Inc. since its inception in 2012. Prior, he has been the controller and then CFO for Alset Energy Corp. (formerly Benton Capital Corp.) and has served as controller for Metals Creek Resources Corp., a public exploration company, since its inception in January 2008. Prior, Asselstine spent over four years in finance positions in private industry, including over two years as controller for a private land development firm and over seven years working in public accounting, and obtained his Chartered Accountant designation with Ernst & Young LLP in 2002.

Nathan Sims has filled various technical roles at Benton since 2006. A graduate of Lakehead University (HBSc) and Sir Sandford Fleming College (GIS-AS), Sims is the Qualified Person for Benton’s disclosure requirements and is a current member of both the Association of Professional Geoscientists of Ontario (#2009) and the Professional Engineers and Geoscientists Newfoundland & Labrador (#9409).

Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has amended its agreement with Thunder Gold Corp. (formerly White Metal Resources Corp.) ("TGOL") (the "Amending Agreement") regarding the Far Lake project (the "Property") located 80km west of Thunder Bay, Ontario (see the Company's May 20, 2020 news release for details on the original agreement).

Pursuant to the Amending Agreement, the Company may exercise the Initial Option, earning a 60% interest in the Property by paying $25,000 and issuing 200,000 shares to TGOL (originally $30,000 and 400,000 shares). By July 15, 2022. The Second Option in the original agreement has been eliminated such that the Company is limited to earning a 60% in the Property.

Having exercised the Initial Option, the Company will now spend the first $150,000 in exploration expenditures within 24 months, thereafter the Company and TGOL will form a joint venture with terms consistent with usual industry practice for further development of the Property, with the Company having an initial 60% interest and TGOL having an initial 40% interest in the joint venture. The agreement governing the joint venture will contain provisions which provide for dilution for non-participation in programs including a provision for participant's interest to be converted to a 2% net smelter returns royalty (the "NSR") if its interest is diluted to less than 10% interest, half of which can be purchased by the non-diluted party for $1 million at any time.

On behalf of the Board of Directors of Benton Resources Inc., "Stephen Stares" Stephen Stares, President

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.

For further information, please contact: Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca Website: www.bentonresources.ca Twitter: @BentonResources Facebook: @BentonResourcesBEX

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Li mineralization (spodumene) drilled to a vertical depth of 70 m at the Discovery Dyke; spodumene-bearing dykes, up to 22-m wide, located 600 m to the East of the Discovery Dyke

Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") are pleased to report the final assay results from the 1,025-m reconnaissance drilling program carried out this past winter and report on recent trenching from the Kraken Pegmatite Field on the Golden Hope Joint Venture Property in southwest Newfoundland.

Benton's President and CEO Stephen Stares, states: "We are pleased to now have our camp, drill, and equipment on-site and operational. The stripping on the East dyke has shown excellent spodumene mineralization and has exposed geological contacts to help understand the orientation and behavior of the dykes in this area. With several prospective targets to test, we are excited to get our Phase 2 program underway on the East dyke in the coming days."

Sokoman's President and CEO Tim Froude, comments: "We have learned a great deal from the recon drill program about the Discovery Dyke area and we will use that information, coupled with ongoing trenching data, to plan the Phase 2 program which will start imminently. We have already exposed a significant spodumene-bearing dyke in the eastern portion of the Kraken swarm that last year's sampling returned an assay of 1.93% Li2O and this is where Phase 2 drilling will begin. We wish to emphasize that we have just scratched the surface with the exploration to date and that we have extensive work ahead of us to establish the limits of the dyke swarm."

The winter drilling program and current trenching program have located a significant swarm of lithium-rich pegmatite dykes flanking the regional Bay d'Est Fault. Important structural information was obtained in the drilling showing the dykes, at least in the Discovery Dyke area, are relatively flat-lying, as opposed to vertical to subvertical, the original concept for the reconnaissance drill program. As a result, three of five holes (GH-22-02, -03, -04) did not intersect the target Discovery Dyke. Flat-lying dykes are potentially important as significant lithium (spodumene) mineralization at Piedmont Lithium's Piedmont project in North Carolina is found in flat-lying dykes, which link subvertical dipping dykes.

Active trenching exposes spodumene dyke 600-m east of Discovery Dyke - Kraken Pegmatite Swarm

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Given the results of the recon drill program, the Alliance has mobilized an excavator to expose the dykes to ensure that all drill holes are oriented optimally to test the in situ spodumene-bearing dykes in the upcoming program. Recent trenching on a surface exposure that gave a grab sample assay of 1.93% Li2O (November 9, 2021 news release), which is located approximately 600 m to the east of the Discovery Dyke, has exposed the thickest dykes encountered at Kraken (up to 22 m in apparent thickness). In addition, spodumene crystals up to 15-cm long (see photos) are noted in this outcrop, substantially larger than the few centimetre lengths at the Discovery Dyke. These dykes show dips, mainly subvertical to steeply to the south, as well as possibly flat-lying. Folding is also noted.

Pegmatite Dyke Exposure 600-m East of Discovery Dyke; Spodumene Crystals up to 15 cm Long

To view an enhanced version of this graphic, please visit: https://orders.newsfilecorp.com/files/3657/129575_a7d97836147319fc_005full.jpg

The Kraken Pegmatite Field has been sampled over a strike length of 2,200 m and has an apparent width of 1,200 m, with historical assessment reports indicating pegmatite dykes up to 6 km along trend.

Gold analyses from the host sericite schist units, which carry variable pyrite gave only weakly anomalous values, however, the drilling has tested only 100 m of the 60-km-long structure and the drilling targeted the pegmatite dykes, not gold prospective zones, defined by geochemistry or prospecting, along the Bay d'Est Fault.

All samples are shipped to Activation Laboratories in Ancaster, Ontario for multi-element analysis including lithium, tantalum, cesium and other rare/critical metals by Sodium Peroxide Fusion ICPOES + ICPMS. Gold is analyzed by the fire assay method. A total of 1,165 drill core samples were cut and delivered for analysis.

The property lies along the Baie d'Est fault system, a gold prospective fault structure in southern Newfoundland, that extends through the Sokoman / Benton licences. The Alliance continues to evaluate historical data for significant gold and lithium mineralization and will restart ground prospecting and follow-up exploration in the near future.

This news release has been reviewed and approved by Timothy Froude, P.Geo., a Director of Benton Resources Inc. and President and CEO of Sokoman Minerals Corp. Mr. Froude is a 'Qualified Person' under National Instrument 43-101.

To ensure a working environment that protects the health and safety of the staff and contractors, Benton and Sokoman will continue to use best practices in the course of performing our work programs and will follow any future federal or provincially mandated or recommended COVID-19 guidelines.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck on the island of Newfoundland. Sokoman now controls independently and through the Alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold district. Sokoman also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Sokoman's property.

For further information, please contact:

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca

Sokoman Minerals Corp. Timothy Froude, P.Geo., President & CEO Phone: 709-765-1726 Email:tim@sokomanmineralscorp.com

Website: www.bentonresources.ca, www.sokomanmineralscorp.com Twitter: @BentonResources, @SokomanMinerals Facebook: @BentonResourcesBEX, @SokomanMinerals LinkedIn: @BentonResources, @SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") and, together (the "Alliance")today announced that the Alliance has initiated drilling on the Grey River Gold Project, located in southern Newfoundland. In addition, the Alliance has nearly completed the camp construction at the Kraken Lithium discovery, located in southwest Newfoundland near the village of Burgeo, and the drill rig is on-site ready to start drilling

At the Grey RiverGold Project, the first two holes have been completed and are being logged, cut and sampled for gold analysis. This current campaign will include a planned 20-hole program to follow up on the successful five-hole 2021 program that saw significant gold mineralization intersected in all holes spread over a five km strike length (See March 16, 2022 press release). The first three holes will be 25 m to 50 m step-out holes centered around GR-21-01, the furthest hole to the east which intersected three parallel zones of gold mineralization including 1.80 m of 10.58 g/t Au.) The fourth hole will be drilled one km east of GR-21-01 to test a new 1.0 g/t Au surface sample collected in the early summer of this year. The mineralization on the Grey River property is associated with large zones of silica associated with disseminated and stringer pyrite (from 2% - 20% pyrite) within the >10 km-long quartz/silica body. In addition, the Alliance is also looking at various technologies for more precise targeting of high-grade mineralization along the large structural zone which will be ongoing as drilling is complete. Further prospecting and mapping will be conducted to assist with drill targeting.

At the Kepenkeck Gold-Uranium Project, the Alliance has recently made the annual option payments to the vendors of the property and is planning further prospecting, mapping, and soil sampling to begin shortly. The 2021 summer exploration season returned results from trace elements up to 5.46 g/t Au in selective sampling along with several areas grading > 1.0 g/t that will be subject to follow-up.

Tim Froude, President and CEO of Sokoman comments; "In addition to our aggressive drill campaign on our 100%-owned Moosehead Gold Property, we are very excited to have a drill turning at Grey River and drilling to commence shortly at the Kraken Lithium prospect at the Golden Hope property. The Grey River program will represent the most significant gold exploration program undertaken on the extensive quartz +/- sulphide system that we now know to host significant gold mineralization from our 2021 drilling. We expect to be completing up to 20 holes across the length of the silica zone which should take us into early Fall."

Stephen Stares, President and CEO of Benton states; "We're confident that this year will be very productive for our shareholders as our plans represent the most aggressive, multi-project exploration program we have ever undertaken. The quality of these projects is second to none and I'm very optimistic that our upcoming work will return favourable results. We look forward to providing updates as the summer season progresses."

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration for Benton Resources Inc., both of whom are 'Qualified Persons' under National Instrument 43-101.

To ensure a working environment that protects the health and safety of the staff and contractors, Benton and Sokoman are operating under federally and provincially mandated and recommended COVID-19 guidelines.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance more than 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold district. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Sokoman's property.

Benton also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. (TSXV:SIC) through three large-scale joint venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland and Labrador that are now being explored.

For further information, please contact:

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Sokoman Minerals Corp. Timothy Froude, P.Geo., President & CEO Phone: 709-765-1726 Email:tim@sokomanmineralscorp.com

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca

Website: www.sokomanmineralscorp.com, www.bentonresources.ca Twitter: @SokomanMinerals, @BentonResources Facebook: @SokomanMinerals, @BentonResourcesBEX LinkedIn: @SokomanMinerals, @BentonResources

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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Benton Resources Inc. (TSXV: BEX) ("Benton") is pleased to report that Clean Air Metals Inc. ("Clean Air"), of which Benton has a substantial shareholding, has announced new assay results from the 2022 drill campaign from the Escape PGE-Cu-Ni Deposit at the Company's Thunder Bay North Project near Thunder Bay, Ontario, Canada (the "Project").

As reported by Clean Air, highlights from the Escape South deposit area includes:

The Escape Deposit underwent 37,000 m of expansion drilling in 2021, which Clean Air expects to add materially to the maiden Indicated Mineral Resource of 849,481 ounces PtEq (6.16 g/t PtEq in 4.28 million tonnes) reported January 20, 2021. The Current Deposit 2.5 km to the east has a well-defined Indicated Mineral Resource of 2,233,575 PtEq ounces (5.79 g/t PtEq in 11.99 million tonnes).

The Escape Deposit also underwent an additional 37,000 m of expansion drilling in 2021, which has established continuity between the Escape South HGZ and the Escape North Zone and may add materially to the total Thunder Bay North Project Indicated insitu mineral resource (effective November 1, 2021) of 8.12 g/t PtEq in 14,553,324 million tonnes (reported December 1, 2021).

Mineral resource endowment and platinum-equivalents are quoted pursuant to the Technical Report and Mineral Resource Estimate for the Thunder Bay North Project, Thunder Bay, Ontario, with an effective date of January 20, 2021 (the "Technical Report"). The Technical Report was posted to SEDAR on March 4, 2021 and prepared by Nordmin Engineering Ltd.- QP Glen Kuntz, P.Geo. Ontario. Nordmin as QP utilized 2-year trailing average metal price assumptions for the updated mineral resource as a basis for the Preliminary Economic Assessment reported on December 1, 2021 and filed January 12, 2022.

Clean Air also advised that it has paid Panoramic Resources Limited ('Panoramic') the second deferred consideration instalment payment of C$1.5 million from the sale of the Thunder Bay North PGM Project. The sale of the Thunder Bay North Project was completed via a Share Purchase Agreement in the 2020 financial year (refer to Clean Air Announcement May 14, 2020) whereby Panoramic's wholly-owned subsidiary Magma Metals Pty Limited sold all shares it held in Panoramic PGMs Canada Limited to Clean Air Metals Inc for total consideration of C$9.0 million. Inclusive of this latest instalment (C$1.5 million), Panoramic has received sale proceeds totaling C$7.5 million to date. The final deferred consideration payment of C$1.5 million is due to be received by May 13, 2023. A related transaction with Rio Tinto Exploration Canada for the purchase of the Escape Property for C$6.0 million has been paid in full. Both transactions fall under an Option-Purchase Agreement with Benton.

Finally, Clean Air advises that DRA AMERICAS INC ("DRA") is the successful bid under a request for proposal (RFP) for Pre-feasibility Metallurgical Testing and Process Plant Design for the Thunder Bay North Project. The DRA team has reviewed the existing and historical metallurgical testing results and marketing studies culminating in the Preliminary Economic Assessment (PEA) by Nordmin Engineering, the technical report of which was filed on SEDAR on January 12, 2022. DRA will leverage existing knowledge on standard crush, grind, flotation process design and smelter payabilities into the next phase of testing and metallurgical optimization, including amenability to hydrometallurgical recoveries of the main platinum, palladium, copper, nickel commodity suite with rhodium cobalt, gold and silver byproducts.

Readers are encouraged to view the Clean Air announcement in its entirety at:

https://www.cleanairmetals.ca/news-media/news-releases/clean-air-metals-reports-drill-results-and-corpora-122552/

Benton continues to hold approximately 24.6 million shares in Clean Air Metals Inc. and holds a 0.5% net smelter return royalty ("NSR") from production on the Escape Lake portion of the project and a 0.5% NSR from production on any mineral claims comprising the original Thunder Bay North portion of the project on which an NSR has not previously been granted.

On behalf of the Board of Directors of Benton Resources Inc., "Stephen Stares" Stephen Stares, President

Benton also recently entered into a 50/50 strategic alliance with Sokoman Minerals through three large-scale joint venture properties including Grey River, Golden Hope and Kepenkeck in Newfoundland that are now being explored. Most advanced projects have an up-to-date NI 43-101 Report available.

For further information, please contact:

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email: sstares@bentonresources.ca

Website: www.bentonresources.ca Twitter: @BentonResources Facebook: @BentonResourcesBEX LinkedIn: @BentonResources

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/125419

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Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') would like to cordially invite you to visit us at Booth #823 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday May 17 - Wednesday May 18, 2022.

Former Prime Minister of Canada Stephen Harper and Former President of Mexico Felipe Calderon are two of the marquee speakers at the 2022 Resource Investment Conference. VRIC will host more than 100 international keynote speakers covering the hottest topics in finance, economics and geopolitics on May 17th and 18th, 2022.

Also presenting are best-selling finance author Robert "Rich Dad" Kiyosaki, dozens of globally respected economists, legendary money managers, and investors. The conversations on stage will cover the most important investment opportunities and key issues in macro-finance.

The VRIC will include a marketplace of 225 investment opportunities in the mining industry, spanning early-stage exploration to advanced-stage producing mines.

For more information and/or to register for the conference please visit: https://cambridgehouse.com/vancouver-resource-investment-conference.

We look forward to seeing you there.

About Benton Resources Inc. Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly prospective property portfolio in Lithium, Gold, Silver, Nickel, Copper, and Platinum Group Elements and currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential long-term cash flow. Benton has also recently entered into a 50/50 strategic alliance with Sokoman Minerals Corp. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland that are now being explored. Most advanced projects have an up-to-date NI 43-101 Report available.

For further information, please contact:

Benton Resources Inc. Stephen Stares, President & CEO Phone: 807-475-7474 Email:sstares@bentonresources.ca

CHF Capital Markets Thomas Do, IR Manager Phone: 416-868-1079 x 232 Email:thomas@chfir.com

Website: www.bentonresources.ca Twitter: @BentonResources Facebook: @BentonResourcesBEX LinkedIn: @BentonResources

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") announces that a total of 2,640,000 stock options have been granted to the Company's directors, officers and employees. The options have an exercise price of $0.50 per share and will expire on July 28, 2027 .

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at www.fpxnickel.com or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne , President, CEO and Director

Forward-Looking Statements Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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1844 Resources Inc. (TSXV: EFF) (the "Company" or "1844") announces further to its news release of July 21, that it has closed the non-brokered private placement of flow-through common shares in the capital of the Company (the "F-T Shares") at $0.08 per F-T Share (the "Offering") by the issuance of 4,000,000 F-T Shares for gross proceeds of $320,000.

In connection with the closing of the Offering, the Company has paid cash finders' fees of $19,200.00, being 6 % of the aggregate proceeds from the sale of the F-T Shares to purchasers introduced by the finders and issued 240,000 non-transferable share purchase warrants (the "Finder's Warrants"), being 6 % of the number of F-T Shares sold under the Offering to purchasers introduced by the finders. Each Finder's Warrant entitles the holder thereof to purchase one common share in the capital of the Company (a "Share") at a price of $0.08 per Share until July 27, 2024. The securities issued under the Offering are subject to a four month and a day hold period ending on November 28, 2022.

About 1844 Resources Inc.: 1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions "Gaspé, Chibougamau Québec". With a dedicated management team, the Company's goal is to create shareholder value through the discovery of new deposits.

(signed) "Sylvain Laberge"

Sylvain Laberge President and CEO 514.702.9841 Slaberge@1844 Resources.com

Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

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Platinex Inc. (CSE: PTX) (Frankfurt: 9PX) ("Platinex" or the "Company") is pleased to provide an update on the W2 Copper-Nickel PGE (platinum group elements) project ("W2" or the "W2 Project"). The Company has recently completed go forward exploration plans at W2.

As part of the planning process, historical exploration and drilling data were analyzed, including 10,000 m of drilling by Aurora Platinum and Inco Limited, and airborne geophysical surveys by Aurora Platinum and Temex Resources. The Company has confirmed numerous drill targets, including step-outs within known areas of mineralization and new exploration targets in areas with no previous drilling. Dr. James Mungall, P. Geo., and Ike Osmani, P. Geo., advised management.

Exploration plans at W2 include:

At the centre of the property, a program of systematic step-out drilling will enable the Company to determine the continuity of mineralization and potentially expand historical resources as per the standards of NI 43-101. Currently, at least seven zones of significant Cu-Ni-PGE mineralization have been identified at wide spacing. For example, drill holes LH-01-05 and LH-01-06, which are located 4 km apart with no intervening drill holes, contain both wide sections of lower grade Copper Nickel Palladium Platinum mineralization and narrow sections of higher grade Cu-Ni-Pt-Pd mineralization. The historical drilling suggests a high level of continuity in the Cu-Ni-PGE mineralization.

Maxwell plate modelling of geophysical anomalies will be carried out to assist with selecting final drill hole locations and orientations.

Mineral exploration permit applications are ongoing in relation to the proposed work programs with drilling planned for the winter 2022/23 field season.

The W2 Project is a district-scale land package comprising 784 mining claims (823 cells) and covering over 16,000 hectares (160 km 2 ) at the southwestern extent of Ontario's Ring of Fire. W2 controls one of the major Oxford Stull Dome complexes, including the layered mafic-ultramafic Lansdowne House Igneous Complex ("LHIC") which is highly prospective for copper-nickel (Cu-Ni), platinum group element (PGE), and chromite deposits. Historical drilling along a 7.5 km folded corridor near the centre of the land package has identified widespread Cu-Ni-PGE mineralization across the widely spaced holes.

Overall, the system shows strong parallels with the nearby Ring of Fire Intrusive Suite (ROFIS), with which it may well be coeval. At the LHIC, there is an ultramafic body within an area spanning 7 x 4 km, associated with a similar volume of gabbroic rocks, and there is a nearby ferrodioritic to ferrogabbroic intrusion hosting massive titano-magnetite layers.

The Company continues a program of community engagement and information-sharing with First Nation communities in the vicinity of the project.

W2 Advisory Board and Management Appointment

A W2 Advisory Board has been formed by the Company and appointment of a Director of Operations and Community Relations. The W2 Advisory Board will advise and assist management as the W2 project moves forward. Three professionals with substantial industry and project-related experience, including Dr. Mungall, and Mr. Osmani have been appointed to the advisory board.

Dr James Mungall is an expert specializing in magmatic sulfide and chromite deposits and spent time as Chief Geologist for Noront Resources during the discovery and definition of their Ring of Fire deposit group. He received his BSc in Geology from the University of Waterloo and completed his MSc and PhD in igneous petrology at McGill University. He completed two years of postdoctoral research (in igneous petrology) at the Bayerisches Geoinstitut, followed by nearly three years of consulting in Quebec before joining the University of Toronto. He is now a Professor of Earth Sciences at Carleton University, where he teaches Mineral Deposits.

Ike Osmani has 35 years' experience in field-based mineral exploration as well as resource development and research encompassing geological mapping, geophysical data interpretation, diamond drill program supervision, core logging, field project planning and supervision, and preparation of NI 43-101 technical reports as a Qualified Person ("QP"). Mr. Osmani was the Principal Consultant for Aurora Platinum, who oversaw exploration and drilling at what was then called the Lansdowne House Project, now W2, in the early 2000s.

Mackenzie Potter holds extensive technical and managerial experience, having previously driven environmental, community relationships, and sustainability efforts for Treasury Metals, and has 10+ years of experience in northwestern Ontario securing meaningful dialogue with regional Indigenous communities. Mr. Potter currently holds a role at the Nuclear Waste Management Organization, advancing partnership dialogue in northwestern Ontario in support of the Adaptive Phased Management process and Canada's plan for the long-term management of used nuclear fuel.

Additionally, Platinex has appointed Robin Webster as Director of Operations and Community Relations for the Company. The appointment expands his responsibilities from his current role managing the W2 Project. Robin has a strong track record in Northwestern Ontario in exploration and community development work and was previously the CEO of Goldeye Explorations Limited.

Annual General and Special Meeting of Shareholders

Platinex's Annual General and Special Meeting ("AGSM") of shareholders was held in Toronto, Ontario on July 13, 2022. At the AGSM, 65,222,477 shares were voted, representing 32.04% of the outstanding shares and all resolutions passed with at least 99.47% approval. The following resolutions voted on an individual basis included appointing the following directors: Greg Ferron, James R. Trusler, Felix Lee, Christophe Vereecke, and Sam Kiri. The other resolutions included the appointment of auditors and share consolidation (up to 4:1). The Company contemplates completing the consolidation of shares only as part of a shareholder value-enhancing transaction.

The Company has granted 1,800,000 stock options to members of the new W2 technical advisory committee and three Consultants. The stock options shall be granted at a strike price of $0.05 for a period of three (3) years with standard vesting provisions. In addition, the Company cancelled 3,300,000 outstanding stock options to former advisors and consultants of the Company. Further, the Company notes that 16,852,133 common share purchase warrants expired on July 15, 2022.

The Company has commenced exploration activities at Shining Tree. More detailed information will be provided in a separate project update shortly.

The technical information presented in this news release has been reviewed and approved by Ike Osmani, P. Geo, a consulting geologist of the Company and a qualified person for exploration at the W2 project, as defined by National Instrument 43-101, Standards for Disclosure for Mineral Projects.

About Platinex Inc.: Platinex creates shareholder value through the opportunistic acquisition and advancement of high-quality projects in prolific Ontario mining camps. Current assets include a 100% ownership interest in the 160 km 2 district scale W2 Copper-Nickel-PGE Project in the Ring of Fire and a 100% interest in the 225 km 2 Shining Tree Gold Project in the Abitibi region of Ontario, a world-renowned gold district. The W2 Project controls one of the major Oxford Stull Dome complexes. The Shining Tree Project covers a major portion of the Ridout-Tyrrell deformation zone that trends as far west as Newmont's Borden Mine, through the area of IAMGOLD's Cote Gold deposit, and across Aris Gold's Juby Project. The Company is also developing a net smelter return (NSR) royalty portfolio and currently holds royalties on gold, PGE, and base metal properties in Ontario.

For further information please contact. Mr. Greg Ferron, Chief Executive Officer at 416-270-5042 or via email at: gferron@platinex.com

To receive Company press releases, please sign up on the website www.Platinex.com.

This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include those related to the timing and nature of exploration activities at the Company's W2 Project. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances, except as required by applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any province in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

The Canadian Securities Exchange has not approved nor disapproved the contents of this press release.

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Fabled Copper Corp. ("Fabled Copper" or the "Company") (CSE:FABL)(FSE:XZ7) announces additional results of 2021 surface field work on its Muskwa Copper Project. See Figure 1 below

Figure 1 - General Property Location

The Muskwa Project is comprised of the Neil Property, the Toro Property and the Bronson Property located in northern British Columbia. See Figure 2 below.

Peter Hawley, President, CEO reports, "The Bronson property comprises 4 mineral tenures covering approximately 2,524.6 hectares and to date we have reported on the Book 6 UAV drone mission and related surface sampling and geophysical survey, plus property wide structural survey and ASTER compilation. In addition, we have reported on the Book 9 and 10 which may be the southern extent of the Book 6, the sampling on the 428 central and now the results of the 428 South copper occurrence, which may be the southern extension of the 428 Central. See Figure 3 below."

Figure 3 - Bronson Property, 428 South Location

A total of fourteen rock samples were collected on August 25, 2021 at the 428 Occurrence and the slopes hosting the veining and an east trending valley to the south were prospected.

An exposure of quartz-carbonate veining was discovered in a ravine trending southward into the valley, 1.65 kilometers along strike south from the southernmost exposure of the 428 Central Occurrence, (see previous release dated July 20, 2022).

The vein strikes 024 degrees and dips 85 degrees west, is exposed along ~20 meters and contains trace to 1% chalcopyrite. Two chip samples were collected at elevations between 1,549 and 1,726 meters, with sample D-723476 assaying 0.77% copper across 0.30 meters, see Photo 1 and Table 1 below.

Photo 1 - Bronson Property, 428 South Chip Sample 0.77% Cu / 0.30 meters

Chip sample D-723478 contained a higher copper content of 1.04% across 0.50 meters, see Photo 2 and Table 1 below.

Photo 2 - Bronson Property, 428 South Chip Sample 1.04% copper / 0.50 meters

The 2 grab samples (D-723486 & 489) taken of the vein had 0 to trace amounts of chalcopyrite and low copper assays of 0.001 & 0.01%, respectively. At lower elevations of 1,623 & 1,650 meters, in a parallel trending ravine, 200 meters to the east, 2 quartz-carbonate float samples (D-723487 & 488) were collected. Chalcopyrite content was 1% and the samples contained 1.58 and 0.81% copper, See Table 1 below.

Approximately, 350 meters south of the exposure sampled on the slope, 8 float samples (D-723474, 479 and 480-485) were collected in the east trending valley, at elevations of 1,539 to 1549 meters.

Mineralization of up to 40% sulphides was observed in these samples. Three samples (D-723481, 484 and 485)contained over 1% Cu, with samples D-723481, 484 and 485 assayed 5.22, 2.51 and 1.58%, respectively. The remaining 5 samples had a copper content between 0.51 and 0.93%, see Table 1 below.

Table 1 - Bronson Property 428 South Copper Occurrence Samples

All samples taken were photographic and a GPS location taken, plus a metal sample tag left in place for future reference if required. All this data plus the assay results were geotagged and placed in a .kml /.kmz file for use such as google earth for easy reference. See Photo 3 below.

Photo 3 - Bronson Property, 428 Central Geotagged data

Analytical results of sampling reported by Fabled Copper Corp represent rock samples submitted by Fabled Copper Corp staff directly to ALS Chemex, Vancouver, British Columbia Canada. Samples were crushed, split, and pulverized as per ALS Chemex method PREP-31, then analyzed for ME-ICP61 33 element package by four acid digestion with ICP-AES Finish. ME-GRA21 method for Au and Ag by fire assay and gravimetric finish, 30g nominal sample weight.

For samples triggering precious metal over-limit thresholds of 10 g/t Au or 100 g/t Ag, the following is being used:

Au-GRA21 Au by fire assay and gravimetric finish with 30 g sample.

Ag-GRA21 Ag by fire assay and gravimetric finish.

Fabled Copper Corp. monitors QA/QC using commercially sourced standards and locally sourced blank materials inserted within the sample sequence at regular intervals.

Fabled Copper is a junior mining exploration company. Its current focus is to creating value for stakeholders through the exploration and development of its existing copper properties located in northern British Columbia. The Muskwa Project comprises a total of 76 claims in two non-contiguous blocks and totals approximately 8,064.9 hectares, located in the Liard Mining Division in northern British Columbia.

Mr. Peter J. Hawley, President and C.E.O.

Fabled Copper Corp. Phone: (819) 316-0919 peter@fabledcopper.org

For further information please contact:

The technical information contained in this news release has been approved by Peter J. Hawley, P.Geo. President and C.E.O. of Fabled, who is a Qualified Person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws. Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions, including, that the Company's financial condition and development plans do not change as a result of unforeseen events and that the Company obtains any required regulatory approvals.

Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: impacts from the coronavirus or other epidemics, general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in mining operations; changes in tax laws and incentive programs relating to the mining industry; as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at www.sedar.com. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

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FPX Nickel Corp. (TSX-V: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to present key results from Phase 2 and initial results from Phase 3 of an ongoing three-phase metallurgical test program to support the continued development of the Company's Baptiste Nickel Project ("Baptiste" or the "Project") at the Decar Nickel District in central British Columbia . This release builds on results of Phase 1 metallurgical testing as released on December 8, 2021 . The overall metallurgical test program is aimed at validating and optimizing the flowsheet parameters outlined in the Project's 2020 Preliminary Economic Assessment (" PEA "), and to support the development of the next phase of study.

"The strong results of our ongoing three-phase metallurgical testwork program continue to demonstrate the technical viability of the Baptiste Nickel Project," commented Andrew Osterloh , FPX Nickel's Vice-President, Projects. "Our team continues to build a robust database that not only validates key PEA criteria, but also demonstrates that Baptiste's DTR-based resource provides heightened confidence in the Project's life-of-mine grade and recovery projections. Testwork is demonstrating that the advantages of Baptiste's minerology are not only centred on the production of very high-grade concentrates, but also on the potential to use a simple flowsheet with conventional unit operations, underpinned with improved production confidence."

The Company has completed approximately 70% of a three-phase metallurgical test program aimed at validating and optimizing the flowsheet parameters outlined in the PEA and to support continued development of the Project. Phase 2 of the program had the following key objectives:

Figure 1 shows the Baptiste nickel recovery flowsheet as presented in the PEA. Highlighted within this figure are the unit operations which are the focus of each respective testwork phase.

Phase 2 of the metallurgical testwork campaign was overseen by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc. Table 1 presents a summary of the Phase 2 testwork program, including general scope assignment by laboratory.

Table 1 – Phase 2 Metallurgical Test Program Scope Assignments

The objective of the mineralogy variability testwork was to improve the understanding of nickel speciation at Baptiste and to provide insight into the relationship between awaruite grain size and DTR nickel. Detailed mineralogy was conducted on six mine phase composites samples representing the 35-year mine life envisioned in the PEA, as well as other composites from key historical testwork campaigns.

A key outcome of the testwork was finding that nickel mineralization at Baptiste is present only as awaruite (Ni 3 Fe) or nickel sulphide minerals. This supersedes a historic understanding that indicated approximately 10% of nickel was present as solid solution within silicates. The more detailed mineralogical work involved more exhaustive scanning microprobe analysis using QEMSCAN tools and longer scanning durations, confirming that previously reported solid solution nickel is actually very fine awaruite contained within a silicate matrix.

The mineralogical analysis indicated that awaruite accounts for 85-92% of total nickel content across the six mine phase composite samples. The balance of the nickel mineralization (8-15%) occurs as nickel sulphide minerals, most notably heazlewoodite and pentlandite. This confirms that awaruite is the dominant nickel mineralization across the Baptiste deposit, and that this mineral occurrence is relatively homogenous across all mine phases. The high content of awaruite, and the processing advantages associated with this style of mineralization, is the result of the virtual lack of sulphur in the host rock at the time of alteration.

Assay analysis of the composites indicated a range of 0.20-0.25% total nickel, with 50-70% of the total nickel reporting as DTR nickel. Comparing these assay results with the mineralogical results indicated the difference between DTR nickel (50-70% of total nickel) and awaruite speciation (85-92% of total nickel) correlates strongly with the percentage of very fine awaruite (less than 5 microns). This result was expected as the DTR test is essentially a metallurgical test to identify the proportion of awaruite of sufficient grain-size to be collected by magnetic separation.

The strong correlation between DTR nickel and awaruite grain size is shown in Figure 2. It is noteworthy that the PEA's starter pit ("PEA Testwork" and "Mine Phase 1AB" datapoints) has the lowest proportion of fine awaruite within the resource, which aligns with the higher DTR nickel grades during the early years of operation. This provides confidence in the selection of the Baptiste starter pit location, which provides increased nickel production in the early years of operation due to the generally coarser, more readily recoverable awaruite.

In addition to improving the understanding of the Baptiste mineralogy, these results also demonstrate the value of using the DTR assay method as a geometallurgical tool. Very fine awaruite and nickel sulphides are not captured in the DTR test, nor are they currently targeted for recovery in the PEA flowsheet (though both represent future recovery opportunities). This finding helps validate that the DTR nickel grade filters a significant portion of metallurgical variability from the Baptiste resource. As such, projected metallurgical recoveries on a DTR nickel basis will be significantly less variable than recoveries on a total nickel basis, thereby increasing the confidence in the basis of the Baptiste resource and the associated recovery projections.

As reported in the summary of the Phase 1 metallurgy testwork campaign (see the Company's December 8, 2021 news release), magnetic concentrate (principally containing awaruite and magnetite) was produced from pilot testing material approximately representative of the Baptiste resource. This pilot plant utilized closed circuit grinding with cyclone classification which, as planned, resulted in preferential grinding of the dense awaruite particles. While this preferential grinding tangibly lowered magnetic separation tailings grades, it also resulted in the significant hold-up of awaruite within the grinding circuit, resulting in a lower-than-expected flotation feed grade (2.2% observed versus 2.6-2.7% expected).

Batch and locked-cycle flotation testwork has demonstrated the ability to produce high-grade flotation concentrates, routinely exceeding 60% nickel, with select tests achieving grades of up to 68% nickel, despite the lower flotation feed grade. These high-grade concentrates are possible due to high nickel tenor in awaruite (Ni 3 Fe).

Metallurgical recoveries in optimized open circuit roughing tests yielded nickel recoveries of up to 91%, while locked cycle testing yielded nickel recoveries of 87% to the cleaner concentrate with nickel concentrate grades ranging from 60 to 66%. Flotation conditions were largely comparable to historic metallurgical testwork, validating the PEA flotation conditions.

While recovery values are less than the PEA flotation stage recovery criteria of 94%, the current SGS flotation results were impacted by the lower feed grade owing to the hold-up of nickel in the pilot plant grinding circuit. As comparable flotation tailings grades were observed across the current and historic flotation programs, and previous testwork indicated that coarse, liberated awaruite is readily recoverable in flotation, it is anticipated recovery estimates would increase if the flotation feed material was more representative.

In addition to affirming the PEA flotation reagent regime, Phase 2 testing included an alternative flotation regime targeting higher flotation slurry pH conditions, therefore requiring reduced acid addition rates. Optimized bench tests under the alternative flotation regime showed positive results with near identical recoveries and concentrate grades, but with a 25% decrease in acid consumption, thereby indicating a potential for reducing flotation operating costs versus the 2020 PEA.

Given the results described above, the scope and duration of Phase 2 testwork has been extended to pursue opportunities to further improve the flotation regime and overall results; results of this expanded portion of the Phase 2 testwork program are anticipated in the fourth quarter of 2022.

Building on the results of Phase 1 piloting, Phase 3 of the metallurgical testwork campaign includes larger-scale pilot processing, with the intent to both optimize the PEA flowsheet and to produce a significant quantity of high-grade awaruite concentrate for hydrometallurgical testwork. The pilot testwork is being conducted at Corem in Quebec City . Progress to date includes bench- and pilot-scale testing of the primary grind/magnetic separation and regrind/magnetic separation unit operations. Key initial findings of Phase 3 pilot testing are presented below, and the full results are expected to be released in the fourth quarter of 2022.

As noted above and previously released by the Company, the initial pilot-scale testing in Phase 1 indicated potential DTR nickel recoveries up to 5% higher than those observed in previous bench-scale testing, owing to the preferential grinding of the deposit's dense awaruite nickel mineralization using cyclone classification. However, due to the feed rate and duration of this Phase 1 initial piloting, substantial hold-up of nickel (estimated 20-40%) was witnessed within the grinding circuit. As such, this led the Company to undertake larger-scale piloting, utilizing higher feed rates and longer operating duration in order to reach steady state operation.

The Phase 3 primary grind and magnetic separation campaign processed a total of 16 tonnes of feed material over a cumulative duration of 80 hours (as compared to Phase 1 piloting which processed 3.6 tonnes over a cumulative duration of 23 hours). Similar to Phase 1 piloting, Phase 3 piloting saw significant hold-up of dense awaruite, and it took an estimated 11 tonnes of material over a cumulative period of 54 hours to reach steady state operation, indicated by equivalent DTR nickel grades in the fresh mill feed and the cyclone overflow.

At steady state, the DTR nickel recirculating load was approximately 700%, compared to the overall mill recirculating load of 300%. Once steady-state conditions were reached, a clear preferential grinding benefit of dense awaruite particles in closed circuit grinding was observed with a 5% DTR nickel recovery increase relative to open circuit grinding on the same sample. Consistent with the results of the Phase 1 program, these new results continue to indicate the potential to achieve nickel recoveries up to 5% higher than the 90% DTR nickel primary magnetic separation stage recovery assumed in the 2020 PEA. Better liberation seen in the pilot plant work, due to cyclone classification, is also contributing to a reduction in the mass recovery during magnetic separation at comparable or better nickel recoveries.

As a further optimization opportunity, additional pilot plant trials with modestly increased magnetic separation field strength demonstrated that a further 1-4% nickel recovery could be realized with a relatively low increase in mass recovery. Further testing and evaluation of varying magnetic intensities is planned during the remainder of the Phase 3 program. Complete results will be presented when the pilot campaign is complete.

In addition to the results described above, remaining aspects of the Phase 3 testwork program include the following:

The metallurgical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 Standards of Disclosures for Minerals Projects of the Canadian Securities Administrators ("NI 43-101") and supervised, reviewed, and verified by Jeffrey B. Austin , P.Eng., President of International Metallurgical and Environmental Inc., a "Qualified Person" as defined by NI 43-101 and the person who oversees metallurgical developments for FPX Nickel.

The Company's Decar Nickel District claims cover 245 km 2 of the Mount Sidney Williams ultramafic/ophiolite complex, 90 km northwest of Fort St. James in central British Columbia . The district is a two-hour drive from Fort St. James on a high-speed logging road.

Decar hosts a greenfield discovery of nickel mineralization in the form of a naturally occurring nickel-iron alloy called awaruite (Ni 3 Fe), which is amenable to bulk-tonnage, open-pit mining. Awaruite mineralization has been identified in four target areas within this ophiolite complex, being the Baptiste Deposit, and the B, Sid and Van targets, as confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling on all four targets. Since 2010, approximately US $28 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit, which was initially the most accessible and had the biggest known surface footprint, has been the focus of diamond drilling since 2010, with a total of 99 holes and 33,700 m of drilling completed. The Sid target was tested with two holes in 2010 and the B target had a single hole drilled in 2011; all three holes intersected nickel-iron alloy mineralization over wide intervals with DTR nickel grades comparable to the Baptiste Deposit. In 2021, the Company executed a maiden drilling program at Van, which has returned promising results comparable with the strongest results at Baptiste.

On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne , President, CEO and Director

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2022/27/c4374.html

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Vancouver, British Columbia TheNewswire - July 27, 2022 Xander Resources Inc. ("Xander" or the "Company") (TSXV:XND) (OTC:XNDRF) (FSX:1XI) is pleased to provide a recap of 2022 to-date and lay out its exploration plans for the remainder of 2022 including its maiden drill program for its Timmins Nickel Project located near Timmins, Ontario.

Closing of oversubscribed non-brokered private placement for the aggregate proceeds of $2,683,263.87

Completion of several exploration milestones at the Timmins Nickel Project as the Company moves towards a minimum 2,500 metre drilling program

Completion of a fixed wing gradient Mag-VLF survey that will be used to develop drilling targets at the Senneville Gold Project

Deepak Varshney, Xander CEO, said, "So far in 2022 it has been a year of steady progress for Xander despite the challenges of the rapidly changing geo-economic climate and the aftermath of the COVID-19 pandemic. In late 2021 we completed an accelerated buyout of our Sennevillle properties in Quebec and acquired the Timmins Nickel Project. The closing of our oversubscribed private placement has put us in a position where a well funded treasury now lets us focus on exploration and we look forward to drilling these two excellent projects in the coming months."

The Company has completed multiple site visits, obtained permits, acquired relevant historic data from third parties, and begun a 3D Magnetic Inversion Study (the "Study") using historical VTEM data as it moves towards its upcoming drill program.

The Company has also retained EarthEx Geophysical Solutions Inc. to fly a UAV‑borne magnetic survey over specific targets. The superior spatial precision of the UAV-acquired data will assist in diamond drill targeting by providing a higher resolution assessment of the depth to source, dip of the body and the overall shape and size of the bodies. The UAV-assisted magnetic survey is being flown at 50 m line-spacing with 500 metre tie-lines. A total of 145 line-km will be flown.

Drilling will be completed following integration of the UAV-survey data into a refined final inversion model. A minimum of 2,500 metres is anticipated to be drilled over two (2) months, with the finalized drill hole list and plan completed in September following the completion of inversion works.

The Company has completed a 1,150 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer and digital VLF-EM survey using Terraquest Ltd.'s Matrix Digital VLF-EM frequency system. The results of the survey will be used to map new and refine known geological structures (faults and shear zones) that, together with historical data, will be used by the Company for ground truthing and follow-up exploration with the ultimate goal of developing high-value targets for drilling.

The technical content of this news release has been reviewed and approved by Mr. Andrew Tims, P.Geo., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects (" NI 43-101 ").

Xander Resources Inc. is a Canadian mineral acquisition and exploration company based in Vancouver, BC, Canada focused on developing accretive gold and battery metal properties within Canada. The company currently has a focus on projects located within the Provinces of Ontario and Quebec.

Xander is exploring for commercially exploitable mineral deposits and is currently focused on deposits located in Val-d'Or, Quebec, including the Senneville Claim Group which comprises over 100 sq. km and is contiguous in the south to Probe Metals' new discovery, and contiguous in the north to Monarch Mining, in close proximity to Eldorado Gold's (formerly QMX Gold) projects, and east of the North American Lithium Deposit, Great Thunder Gold‘s Chubb Lithium property and East of the Sayona Quebec's Authier Lithium Deposit, all in the Val-d'Or Mining Camp, plus its newly acquired nickel-sulphide project in Timmins, Ontario near Canada Nickel's MacDiarmid and Crawford Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

Deepak Varshney, P.Geo., President and CEO

For more information, please email ir@xanderresources.ca , or visit www.xanderresources.ca .

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may include "forward-looking information" under applicable Canadian securities legislation. Such forward-looking information reflects management's current beliefs and are based on a number of estimates and/or assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labour issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.

The Company is presently an exploration stage company. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures, and may not result in the discovery of mineral deposits that can be mined profitably. Furthermore, the Company currently has no reserves on any of its properties. As a result, there can be no assurance that such forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

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