Mr. Larry Nagy reports

DAMARA ANNOUNCES DEFERRAL OF VANLAB SUMMER PROGRAM AND CANCELLATION OF OFFERING

Damara Gold Corp., further to its news release of May 23, 2023, will not be proceeding with its previously announced private placement of flow-through and non-flow-through units utilizing the 30-per-cent critical mineral exploration tax credit.

The company had intended to complete its initial summer exploration program at its VanLab property located in Quebec; however, due to the forest fires and inability to secure helicopters in the region, the company has deferred the program until its 2024 season and further as a result has cancelled the previous offering at this time.

About Damara Gold Corp.

Damara Gold is a TSX Venture Exchange-listed mineral exploration company actively focused on the exploration of the Placer Mountain gold property, located in Princeton, B.C., held by 84-per-cent/16-per-cent joint venture with Universal Copper Ltd. and its VanLab property located in the Quebec territory of Nunavik 200 kilometres north of Schefferville and 200 km south of Kuujjuaq. Damara's board of directors is seasoned in the mineral exploration industry with extensive and successful international experience.

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