Mr. Jeremy Ross reports

CLEAR GOLD ANNOUNCES PROPOSED SHARES FOR DEBT

Clear Gold Resources Inc. plans to settle outstanding indebtedness in connection with its previously announced proposed share consolidation (see news releases dated April 26, 2021, April 12, 2023, and May 10, 2023).

The company proposes to settle outstanding indebtedness totalling up to $1.5-million through the issuance of up to 150 million common shares at a price of one cent per share (up to 15 million common shares at 10 cents on a postconsolidation basis).

The consolidation and shares for debt transactions are subject to the acceptance of the TSX Venture Exchange.

We seek Safe Harbor.