Mr. David Greenway reports

GIANT MINING CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF $1.2 MILLION

Giant Mining Corp. has arranged a non-brokered private placement of up to four million units at a price of 30 cents per unit for gross proceeds of up to $1.2-million.

Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant entitles the holder to purchase one additional share of the company at a price of 40 cents for a period of 24 months from the date of issuance.

The warrants will contain an acceleration provision which will provide that should the company's shares trade at or above $1.20 for a period of five or more consecutive trading days, the expiry date of the warrants will be accelerated to 30 days from the date that the company provides notice (whether by written notice to the holder or the issuance of a news release) that the acceleration condition has been satisfied.

Directors and officers of the company may acquire securities under the private placement, which will be considered a related party transaction, as defined under Multilateral Instrument 61-101. Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The net proceeds from the placement will be allocated toward further exploration activities on the company's Nevada project and for general corporate purposes. In accordance with the regulations of the Canadian Securities Exchange, finders' fees may be applicable. All securities issued pursuant to the private placement will be subject to a hold period of four months and one day, as required under applicable securities legislation.

David Greenway, chief executive officer of Giant Mining, expressed enthusiasm about the company's prospects: "With copper prices recently peaking at $4.59 per pound and our announced financing, and our preparations to advance work at Majuba Hill, it's an optimal time for exploration. This project, hosting significant historical copper production and prospective new findings, positions us well for a transformative year in 2024."

About Giant Mining Corp.

Giant Mining is engaged in the identification, review and acquisition of latter-stage copper and copper/silver/gold assets. This is in direct response to the growing worldwide demand and lack of supply for precious metals fuelled by the Green New Deal in the United States and most other developed nations with similar programs aimed at addressing climate change. Such programs are heavily reliant on silver, gold and, especially, copper to produce electric vehicles and other renewable power sources, as well as building infrastructure to provide clean and affordable electricity.

The flagship project is the Majuba Hill copper, silver and gold district, located 156 miles (251 kilometres) outside Reno, Nev., United States. Management has been mandated to focus on safe, mining-friendly jurisdictions where government regulations are supportive of mining operations.

We seek Safe Harbor.