Ms. Keturah Nathe reports

ANQUIRO VENTURES AND BLACK PINE PROVIDE UPDATE REGARDING QUALIFYING TRANSACTION

Further to Anquiro Ventures Ltd.'s press releases dated Feb. 24, 2023, May 10, 2023, June 19, 2023, and Nov. 3, 2023, the company, Black Pine Resources Corp. and Anquiro Financial Corp., a wholly owned subsidiary of the company, have entered into an amendment agreement to amend the terms of the amended and restated merger agreement dated Oct. 22, 2023.

Pursuant to the amendment agreement, the outside date for the proposed transaction between Black Pine and the company has been extended to May 31, 2024. All other material terms of the merger agreement remain unchanged.

The parties continue to work diligently toward the completion of the proposed transaction and aim to close the proposed transaction prior to the new outside date.

About Black Pine Resources Corp.

Black Pine is a mineral exploration company focused on the acquisition and exploration of mineral properties. Pursuant to a letter of intent (the GBR LOI) dated April 12, 2022, with Great Basin Resources Inc. (GBR), a privately held natural resource company founded in 2017, Black Pine is entitled to earn an undivided 100-per-cent interest in the Sugarloaf copper project, subject to a 2-per-cent net smelter royalty due to GBR and certain other payments due to GBR, as provided in the GBR LOI. The Sugarloaf property is situated approximately 10 miles southwest of Silver City, New Mexico, United States, and consists of 77 unpatented claims totalling 1,544 hectares located 650 metres west of Freeport's secondary copper open pit at the Tyrone mine, New Mexico. Surface sampling completed to date on the Sugarloaf property has delineated an area in excess of 5,000 feet long by 1,000 feet wide of mineralization that assays 0.20 per cent to 0.48 per cent copper and several high-angle shear zones that assay up to 6.29 per cent copper.

The scientific and technical information contained in this news release was reviewed and approved by Richard Kern, BSc, MSc, is a qualified person and a proposed director of the resulting issuer of the proposed transaction (the resulting issuer), as defined under National Instrument 43-101.

Anquiro Ventures Ltd.

The company was incorporated under the Business Corporations Act (British Columbia) on March 1, 2012, and is a capital pool company (as such term is defined in Policy 2.4) listed on the exchange. The company has no commercial operations and no assets other than cash.

We seek Safe Harbor.