Mr. Sean Charland reports

EAGLE BAY RESOURCES ANNOUNCES LEADERSHIP CHANGES

Eagle Bay Resources Corp. has appointed Sean Charland as president, chief executive officer and director of the company, effective Aug. 24, 2023.

Mr. Charland is a seasoned communications professional with experience in raising capital and marketing resource exploration companies. His network of contacts within the financial community extends across North America and Europe. Mr. Charland's vast experience and leadership capabilities are anticipated to bring fresh perspectives and drive to Eagle Bay's endeavours.

Effective Aug. 24, 2023, David Hodge, the chief executive officer and director of Eagle Bay, has resigned from his roles in the company. Mr. Hodge's visionary leadership and strategic acumen have been instrumental in guiding the company. The company extends its heartfelt gratitude to Mr. Hodge for his unwavering commitment and wishes him success in his future endeavours. Additionally, effective Aug. 24, 2023, Michael Schuss has resigned from his position as director of the company. Eagle Bay acknowledges Mr. Schuss's significant contributions and dedication during his tenure.

Mr. Charland stated: "I'd like to express my gratitude to Dave and Michael for their dedication to our shareholders. I'm eager to further develop Eagle Bay Resources and am focused on creating value for its shareholders."

About Eagle Bay Resources Corp.

Eagle Bay is a Canadian exploration company specializing in the acquisition and development of high-potential rare earth elements and niobium properties. Eagle Bay is publicly listed on the Canadian Securities Exchange under trading symbol EBR.

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