Mr. Mark Ferguson reports

DUNBAR METALS COMPLETES INITIAL PUBLIC OFFERING AND LISTS ON THE CANADIAN SECURITIES EXCHANGE

Dunbar Metals Corp. has completed its initial public offering (IPO) of 10 million common shares in the capital of the company at a price of 10 cents per common share for gross proceeds of $1-million, pursuant to a final prospectus of the company dated Aug. 19, 2024, and filed in each of the provinces of British Columbia, Alberta and Ontario. On closing of the IPO, a total of 1905 million common shares were issued and outstanding, of which 1.9 million common shares are currently held in escrow pursuant to National Policy 46-201, Escrow for Initial Public Offerings, as disclosed in the prospectus.

The net proceeds of the IPO are expected to be used by the company for exploration expenditures on its Gorilla Lake property, which covers an area of approximately 6,949.90 hectares and is located in Northern Saskatchewan, Canada, and for general working capital purposes. Pursuant to an agency agreement dated Aug. 19, 2024, between the company and Haywood Securities Inc., the agent has been paid a cash commission representing 10 per cent of the aggregate gross proceeds of the IPO and a corporate finance fee of $25,000 plus applicable taxes.

The Canadian Securities Exchange has accepted the company's listing application of the common shares. The common shares will commence trading on the CSE at market open on Nov. 11, 2024, under the trading symbol DMC.

For further information about the company, the IPO and the Gorilla Lake property, please see the prospectus, which is available under the company's issuer profile on SEDAR+.

About Dunbar Metals Corp.

Dunbar is engaged in the acquisition and exploration of mineral properties in Canada. The company currently holds a 100-per-cent interest in mineral claims totalling approximately 7,000 hectares comprising the Gorilla Lake property, located in Northern Saskatchewan, Canada, subject to a royalty obligation. The phase 1 exploration program at the property consists of geological mapping, prospecting and geochemical sampling based on the anomalies identified by the company's helicopter time-domain electromagnetic (HTEM) survey and integration with other available data sets. The company's secondary objective is to locate and develop other economic precious and base metals properties of merit.

We seek Safe Harbor.