Mr. Rick Trotman reports

BARKSDALE RESOURCES REPORTS EXEMPTION FROM MI 61-101 IN PRIVATE PLACEMENT

Further to the news releases dated Dec. 20, 2023, and Jan. 4, 2024, with respect to Barksdale Resources Corp.'s offering of up to a maximum of 12.5 million common share units in the capital of the company to raise maximum proceeds of up to $5-million, Crescat Portfolio Management LLC, a 10-per-cent insider of the company, and certain directors and officers of the company shall be participating in the offering for an aggregate total of 1,325,000 units, which participation constitutes a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company is relying upon exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 in completing the offering with the insiders on the basis that the fair market value of such participation is less than 25 per cent of Barksdale's current market capitalization.

Barksdale, a 2023 OTCQX best 50 company, is a base metal exploration company headquartered in Vancouver, B.C., that is focused on the acquisition, exploration and advancement of highly prospective base metal projects in North America. Barksdale is currently advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both of which are in the Patagonia mining district of southern Arizona, as well as the San Javier copper-gold project in central Sonora, Mexico.