Mr. Russel Van Skiver reports

BOUNDARY GOLD AND COPPER MINING ANNOUNCES UPDATE ON REINSTATEMENT REVIEW

Further to Boundary Gold and Copper Mining Ltd.'s news release dated May 10, 2023, the company made submissions to the compliance and disclosure (C&D) of the TSX Venture Exchange in regard of its previously announced reinstatement review and the listed issuer services (LIS) department regarding the company's disposition of 1994854 Alberta Ltd. to West Mining Corp. (the disposition).

Following the review, the LIS did not grant approval of the disposition on the basis that the company failed to obtain shareholder approval as required by exchange policy. The C&D determined that the company is required to obtain shareholder ratification of the disposition prior to reinstatement of trading. The company intends to seek shareholder ratification of the disposition at its next annual general meeting to be held on Oct. 25, 2023.

Details of the disposition being ratified can be found in the company's news release disseminated on Dec. 29, 2020.

An information circular in respect of the disposition will be prepared in accordance with policies of the exchange and filed on SEDAR+ in advance of the annual general meeting. The board of directors of the company have unanimously approved the disposition and the ratification thereof.

About Boundary Gold and Copper Mining Ltd.

Boundary is a junior mining issuer listed on the TSX Venture Exchange.

We seek Safe Harbor.