Mr. Tsend Tseren reports

CLOVER LEAF CAPITAL UPDATES QUALIFYING TRANSACTION WITH NORTH SHORE ENERGY METALS

Clover Leaf Capital Corp. and North Shore Energy Metals Ltd. have agreed to reduce the amount of the equity offering of subscription receipts to be completed concurrently with the closing of Clover Leaf's previously announced qualifying transaction from $5-million to $2.2-million on the same terms as described in the company's press release dated Dec. 23, 2022.

Closing the concurrent equity financing is a condition of completion of the transaction with North Shore Energy (announced in the company's press releases dated Dec. 23, 2022, March 31, 2023, and June 30, 2023).

North Shore Energy is a private mineral exploration company focused on uranium exploration at the eastern margin of the Athabasca basin through its 55,700-hectare Falcon property and its 4,500-hectare West Bear property located 90 kilometres to the northeast.

The transaction remains subject to conditions, including, but not limited to, TSX Venture Exchange acceptance and, if applicable pursuant to TSX-V requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

We seek Safe Harbor.