Mr. Anthony Zelen reports

BULLET EXPLORATION INC. ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to Bullet Exploration Inc.'s news release dated Aug. 28, 2023, the company will consolidate its common shares on the basis of one postconsolidation share of the company for three preconsolidation shares.

The Company's post Consolidation Shares are expected to begin trading on the TSX Venture Exchange on September 22, 2023. The name of the Company and trading symbol will remain the same after the Consolidation. The new CUSIP number will be 12023A204 and the new ISIN number will be CA12023A2048 for post Consolidation.

The Consolidation will result in the number of issued and outstanding Shares being reduced from 21,416,465 to 7,138,822 Shares. Any fractional Shares resulting from the Consolidation will be rounded to the nearest whole Share, with any fraction of 0.5 or above rounded up and any fraction of less than 0.5 will be rounded down.

A letter of transmittal will be mailed to registered shareholders by the Company's transfer agent, Computershare Investor Services Inc. The letter of transmittal contains instructions on how registered shareholders can exchange their share certificates evidencing their pre-consolidation shares for new share certificates representing the number of post-consolidation shares to which they are entitled. Beneficial shareholders holding their shares through a brokerage may be subject to different procedures for obtaining their post-consolidation shares. If shareholders have any questions in this regard, they are encouraged to contact their respective brokerage or intermediary.