Mr. Paul Wood reports

BTU ANNOUNCES SHAREHOLDER APPROVAL OF OPTION AGREEMENT WITH KINROSS GOLD CORPORATION

BTU Metals Corp. has received shareholder approval, through a special meeting, of an option agreement with Kinross Gold Corp. (see press release Feb. 22, 2023) that will strengthen the exploration effort on the significant properties of BTU in the Great Bear gold area southeast of the main Red Lake gold camp area of Northwestern Ontario (the Dixie Halo project). The Dixie Halo project is located adjacent to Kinross's Great Bear project that Kinross, on Feb. 13, 2023, headlined in a press release, "Kinross announces robust initial mineral resource of 2.7 Moz indicated and 2.3 Moz inferred for Great Bear project."

BTU chief executive officer Paul Wood commented, "Now that the shareholders have voted overwhelmingly to approve the option agreement with Kinross the geological teams will be meeting in the coming weeks to define the first phase of the work plan on the Dixie Halo project."

On Feb. 22, 2023, BTU entered into an option agreement pursuant to which BTU granted an option to Kinross to acquire an undivided 70-per-cent interest in and to 757 mining claims covering approximately 16,410 hectares of land, located in the Kenora district of Ontario.

During the term of the option agreement, Great Bear Resources Ltd., a subsidiary of Kinross, will be the operator of the optioned properties.

About BTU Metals Corp.

BTU Metals is a junior mining exploration company focused on the Dixie Halo project located in Red Lake, Ont., immediately adjacent to the Great Bear project.

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