Mr. Jon Ward reports

CORCEL EXPLORATION APPOINTS NEW DIRECTOR

Corcel Exploration Inc. has appointed Thy Truong to the board of directors, replacing Oliver Friesen, effective immediately.

Corcel would like to thank Mr. Friesen for his guidance and meaningful contributions during his tenure on the board, and wishes him every success in his future endeavours.

Ms. Truong is a chartered professional accountant with more than 10 years of experience in public accounting and the mining industry. Ms. Truong currently serves as director of FP&A, tax and internal controls at Vizsla Silver Corp., and chief financial officer of Tarachi Gold Corp., where she supports financial planning, governance and day-to-day decision-making across the organizations. She graduated magna cum laude with a bachelor's degree in business administration from Fairleigh Dickinson University, Vancouver, and was a part of the global scholar program (academic honours).

"On behalf of the board, I am pleased to welcome Thy to Corcel," commented Jon Ward, chief executive officer and director of Corcel Exploration. "Thy brings a technical accounting background with a proven track record in financial planning, governance and internal controls. Her experience in public accounting and supporting resource companies will be invaluable as we continue to advance the Yuma King copper-gold asset in Arizona."

The company also announces that it has granted 200,000 incentive stock options, exercisable at 22 cents for a period of five years, in accordance with its stock option plan.

About Corcel Exploration Inc.

Corcel is a mineral resource company engaged in the acquisition and exploration of precious and base metals properties throughout North America. The company has entered a long-term lease agreement to acquire the Yuma King copper-gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth mining district, including the past-producing Yuma mine, which saw underground production of copper, lead, gold and silver between 1940 and 1963. The company also holds an option to acquire a 100-per-cent undivided right, title and interest in and to the Peak gold exploration project, and holds a 100-per-cent interest in the Willow copper project.

We seek Safe Harbor.