Mr. Vishal Gupta reports

CAPROCK ANNOUNCES AMENDMENT TO OPTION AGREEMENT

Caprock Mining Corp. has entered into an amendment to its option agreement dated Jan. 31, 2023, setting out the terms of an option to acquire a 100-per-cent interest in the Ackley lithium-tin-molybdenum-rare-earth-element property located in southeastern Newfoundland from Dean Fraser (the optionor), the arm's-length owner of the property.

Under the terms of the option agreement Caprock was required to make expenditures of $150,000 on the property on or before Jan. 31, 2024. Caprock will be approximately $31,000 short of this figure and the parties have agreed to amend the option agreement to permit this shortfall to be spent along with the obligation to spend $250,000 on the property on or before Jan. 31, 2025. All other terms of the option agreement remain unchanged and can be found in the company's press release dated Jan. 31, 2023.

As consideration for agreeing to the amendment, the company has agreed to issue 100,000 common shares to the optionor at a deemed issue price of five cents per share. The shares will be subject to a hold period of four months and one day and will be issued following completion of the required filings with the Canadian Securities Exchange.

About Caprock Mining Corp.

Caprock Mining 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-per-cent interest in the Ackley lithium-tin-molybdenum-REE property located in the Fortune Bay area of southeastern Newfoundland. Additionally, the company's 100-per-cent 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 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 Vishal Gupta, the company's president and chief executive officer. Mr. Gupta is a PGeo registered with the Professional Geoscientists of Ontario (PGO) and considered a qualified person as defined under National Instrument 43-101.

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