Mr. John Black reports

ALDEBARAN ANNOUNCES CLOSING OF TOP-UP FINANCING BY SOUTH32

Aldebaran Resources Inc. has completed its previously announced top-up financing with a subsidiary of South32 Ltd. South32 elected to exercise its anti-dilution rights to maintain a 9.9-per-cent equity interest in the company following the exercise of warrants announced on May 5, 2023.

South32 acquired 970,000 common shares at a price of 73 cents per common share for total proceeds of $708,100. In accordance with the terms of the investor rights agreement between the company and South32, the issue price was set at the volume-weighted average price of the common shares in the five-day period preceding the election notice by South32. The common shares issued pursuant to this financing will be subject to a four-month hold period in accordance with applicable securities laws.

Aldebaran intends to use the finances to advance the Altar copper-gold project located in San Juan, Argentina, and for general corporate purposes.

We seek Safe Harbor.