Mr. John Black reports

ALDEBARAN ANNOUNCES SOUTH32 HAS ELECTED TO EXERCISE ITS TOP-UP RIGHT TO MAINTAIN A 9.9% EQUITY INTEREST

A wholly owned subsidiary of South32 Ltd. has elected to exercise its top-up right to maintain a 9.9-per-cent equity interest in Aldebaran Resources Inc. This top-up right resulted from the warrant exercise that was announced on May 5, 2023, which diluted South32 below its 9.9-per-cent position. Under the terms of the investor rights agreement between Aldebaran and South32, the subscription price for this top-up is equal to the five-day volume-weighted average price prior to South32 notifying the company of its decision to exercise its right. The net result is that South32 will acquire 970,000 common shares at a price of 73 cents for gross proceeds to the company of $708,100.

About Aldebaran Resources Inc.

Aldebaran is a mineral exploration company that was spun out of Regulus Resources Inc. in 2018 and has the same core management team. Aldebaran has the right to earn up to an 80-per-cent interest in the Altar copper-gold project in San Juan province, Argentina, from Sibanye Stillwater Ltd.

We seek Safe Harbor.