Mr. Jeremy Ross reports

CLEAR GOLD ANNOUNCES PROPOSED SHARE CONSOLIDATION

Clear Gold Resources Inc. plans to proceed with its previously announced consolidation (see news releases dated April 26, 2021, and April 12, 2023).

The company plans to consolidate its issued and outstanding common shares at a ratio of one postconsolidation share to 10 preconsolidated shares. The purpose of the consolidation is to facilitate the company's ability to attract future financings, generate greater investor interest and improve trading liquidity.

The company currently has 16,897,959 common shares issued and outstanding. Upon completion of the consolidation, the company will have 1,689,796 common shares issued and outstanding.

In accordance with the company's articles, the consolidation will not require the approval of the shareholders.

The consolidation is subject to the acceptance of the TSX Venture Exchange.

We seek Safe Harbor.