Mr. Vishal Gupta reports

CAPROCK FILES NI 43-101 TECHNICAL REPORT AND STRATEGICALLY ADDS TO ITS CLAIMS INVENTORY AT ACKLEY

Caprock Mining Corp. has filed on SEDAR-plus the National Instrument 43-101 technical report for its recently optioned Ackley lithium-tin-molybdenum-REE (rare earth element) property located in southeastern Newfoundland. The Technical Report, which was prepared by ERM Consultants Canada Ltd. ("ERM"), has an effective date of May 31, 2023.

Caprock's CEO Mr. Vishal Gupta states: "This Technical Report designates Ackley as a 'Property of Merit' and underpins our commitment to aggressively advance the Property through systematic exploration. The tenor and extent of mineralization that has already been discovered at Ackley has prompted management to make this Property our main focus for the foreseeable future."

Mr. Gupta goes on to add, "In addition to the 'Deer Pond' area where previously released assay results demonstrated high-grade lithium-bearing zinnwaldite mineralization, our exploration team has identified extensive zinnwaldite mineralization in other parts of the easternmost claim block (the "Main Claim Block") at Ackley. In order to safeguard Caprock's interests and encapsulate the perceived mineralized trend within the Company's control, Caprock has staked a series of strategically important claims contiguous with the northwestern portion of the Main Claim Block."

The newly acquired claims are highlighted in Figure 1 below.Figure 1: Newly Acquired Ackley ClaimsTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8515/182846_0dfff0ce843c48f5_001full.jpg

The Company awaits additional confirmation of the zinnwaldite mineralization through detailed petrographic analysis of field samples.

About the Ackley Property

Ackley comprises three claim blocks that collectively span an area of 4,550 hectares and located less than a two hour drive from St. John's, NL. The claim blocks overlie portions of the contact zone of a large Devonian-aged granite complex with Proterozoic metasediments and volcanics, parts of which are "greisened", or hydrothermally altered, and is similar in age and lithology to the Mount Pleasant deposit in New Brunswick and the East Kemptville deposit in Nova Scotia. Limited historical exploration work across the Main Claim Block by companies including Esso Minerals, American Zinc, Inco, and others discovered occurrences and anomalies of lithium, tin, molybdenum, tungsten, and REEs.

Recent magnetometer survey work over part of the Main Claim Block indicates that the altered contact zone may be extensive, covering several square kilometres. Recent limited prospect sampling and historical Esso trenches across the Main claim block returned assays of up to 0.91% lithium oxide, 5.0% molybdenum, 0.67% tin and 1-5% fluorine on surface. Newfoundland government survey maps of this region report some of the highest lake sediment values for REEs on the entire island.Figure 2: Location of the Three Ackley Claim Blocks Outlined in RedTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/8515/182846_0dfff0ce843c48f5_002full.jpg

About Caprock Mining Corp.

Caprock Mining Corp. is a Canadian mineral exploration company focused on exploring battery metals in Newfoundland and precious metals in Ontario.

The Company has an option to earn a 100% interest in the Ackley Lithium-Tin-Molybdenum-REEs property located on the Burin Peninsula in south-eastern Newfoundland. Additionally, the Company's 100% interest in several gold exploration properties gives it a substantial landholding in the historical Beardmore-Geraldton Gold Belt ("BGB") of Ontario - a belt that has produced over four million ounces of gold historically, and contains the world-class Greenstone gold project (formerly known as the Hardrock gold project) which is being brought to production by a joint venture partnership between Equinox Gold (TSX: EQX) and Orion Mine Finance.

With an experienced management team that has a strong exploration pedigree, Caprock is poised to generate incremental shareholder value by advancing its portfolio of highly prospective exploration projects.

The scientific and technical information disclosed in this release has been reviewed and approved by Mr. Vishal Gupta, the Company's President & CEO. Mr. Gupta is a P.Geo. registered with the Professional Geoscientists of Ontario (PGO) and considered a "Qualified Person" as defined under NI 43-101.

We seek Safe Harbor.