Mr. Mark Fields reports

DISCOVERY HARBOUR ANNOUNCES APPROVAL OF SHARE CONSOLIDATION

Discovery Harbour Resources Corp., further to its news release of May 16, 2023, has received approval from the TSX Venture Exchange for the consolidation of the issued and outstanding common shares of the company on the basis of one new share for every 10 currently outstanding shares. The consolidation will become effective at the opening of the market on June 6, 2023. The company's symbol shall remain as DHR. Currently a total of 94,509,294 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 9,450,929 postconsolidated shares, subject to adjustment for rounding, will be issued and outstanding. There is no maximum number of authorized shares.

The company's transfer agent, Computershare Investor Services Inc., will mail letters of transmittal to the shareholders providing instructions on exchanging share certificates for postconsolidated share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

About Discovery Harbour Resources Corp.

Discovery Harbour is focused on sourcing, exploring and developing mineral properties in mining-friendly jurisdictions.