Mr. David Greenway reports

GIANT MINING CORP. ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF $1,380,906.30

Further to the news release dated April 29, 2024, Giant Mining Corp. has closed an oversubscribed non-brokered private placement financing of 4,603,021 units at 30 cents per unit, raising gross proceeds of $1,380,906.30.

Each unit is composed of one common share and one share purchase warrant. Each warrant entitles the holder thereof to purchase one additional share of the company at an exercise price of 40 cents per share for a period of 24 months from closing, subject to an accelerated expiry.

In the event that after four months and one day after the warrants and finders' warrants are issued, the closing price of the common shares is at or above $1.20 per common share for five or more consecutive trading days, the company may provide notice, whether by written notice or the issuance of a news release to the holder, that the expiry date of the warrants and finders' warrants has been accelerated and that warrants and finders' warrants not exercised within 30 days of the date of the acceleration notice will expire 30 days from the date of the acceleration notice.

Certain insiders of the company purchased 1,603,334 units in the private placement.

In connection with the private placement, the company paid an aggregate of $14,406 in cash finders' fees and issued an aggregate of 48,020 finders' warrants. The finders' warrants are non-transferable and have the same terms as the warrants forming part of the units.

The shares, warrants and finders' warrants are subject to a hold period until Sept. 15, 2024, pursuant to applicable securities legislation.

The net proceeds from the private placement will be allocated toward further exploration activities on the company's Nevada project and for general corporate purposes.

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 of 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.