Mr. Allan Fabbro reports

ALERIO GOLD ANNOUNCES CEASE TRADE ORDER

Alerio Gold Corp.'s provincial regulator, the British Columbia Securities Commission, has issued a failure to file cease trade order against the company (FTFCTO) which orders that general trading, whether direct or indirect, by any person, of the securities of the company, cease, which includes trading of the shares of the company on the Canadian Securities Exchange. Further details can be found in news release dated Jan. 2, 2024, and updated Jan. 23, 2024, Feb. 6, 2024, and Feb. 20, 2024.

The company is diligently working with its auditor, Saturna Group Chartered Professional Accountants LLP, to conclude the filings at the earliest possible time and the company will issue a news release announcing completion of such filings at such time.

The company announced via press release dated Jan. 2, 2024, that it had submitted an application to the BCSC for a management cease trade order (MCTO) pursuant to NP 12-203. The application for the MCTO was made in connection with the delay in filing the company's audited annual financial statements for the year ended Aug. 31, 2023, the related management's discussion and analysis, annual information form and chief executive officer and chief financial officer certifications, which were required to be filed on or before Dec. 30, 2023.

The MCTO was issued by the BCSC on Jan. 2, 2024, extending the deadline for filing the annual filings to Feb. 28, 2024. The MCTO prevented the company's chief executive officer and chief financial officer from trading in the company's securities but did not affect the ability of other shareholders, including the public, to trade in securities of the company.

The FTFCTO will remain in effect until the receipt by the BCSC of all filings the company is required to make under British Columbia securities law.

About Alerio Gold Corp.

Alerio Gold is a mineral exploration and development company in the business of acquiring, and exploring gold properties, with a focus in Guyana, South America. The company currently has 100-per-cent interest in two properties located in Guyana.

We seek Safe Harbor.