Mr. Alistair Waddell reports

INFLECTION RESOURCES ANNOUNCES MANAGEMENT UPDATE

Inflection Resources Ltd. has appointed Philip Yee, MBA, CPA, as chief financial officer of the company. Mr. Yee is a professional accountant with graduate degrees in business and engineering, and has over 20 years experience in corporate management, regulatory and compliance, accounting and audit, and taxation for both private and public companies. Previously, Mr. Yee held executive management roles at Canagold Resources, Endeavour Silver and the Augusta Group. Inflection would like to thank John Wenger, who previously served in the role of CFO, for his contributions to the company and wishes him well in his other business ventures.

The company has granted 200,000 incentive stock options to Mr. Yee. Each option is exercisable to purchase one common share of the company at a price of 22 cents for a five-year term and will vest in six months after the date of grant. The options are subject to the acceptance of the Canadian Securities Exchange.

AngloGold Ashanti agreement update

AngloGold Ashanti Australia Ltd. and Inflection are in the process of finalizing the last details of the definitive farm-in agreement pursuant to the terms of the non-binding heads of agreement announced on Feb. 23, 2023. The company anticipates completing the definitive farm-in agreement shortly.

About Inflection Resources Ltd.

Inflection is a technically driven copper-gold- and gold-focused mineral exploration company listed on the Canadian Securities Exchange under the symbol AUCU and on the OTCQB under the symbol AUCUF with projects in eastern Australia.

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