Dr. Elena Clarici reports

ELECTRUM DISCOVERY CORP. APPOINTS R. MICHAEL JONES TO THE BOARD OF DIRECTORS

Electrum Discovery Corp. has appointed R. Michael Jones to the company's board of directors.

Mr. Jones is an experienced executive and director, with a history of finding, developing, permitting and adding significant value to mining companies. He has taken multiple large mines, with values of up to $1-billion, from the discovery stages, through to feasibility studies and construction decisions. He is a well-known promoter of mining projects from discovery to construction and production. He is a finance specialist with a successful background in undertaking fundraises, takeovers, and mergers and acquisitions.

A qualified mining engineer, Mr. Jones received his bachelor's degree in applied science, geological engineering, from the University of Toronto. Mr. Jones is a fellow of the Geological Society of South Africa, as well as the winner of multiple discovery awards, including the Des Pretorius Medal.

Additionally, Mr. Jones was previously appointed by the Minister of Finance to the B.C. securities policy advisory committee for the British Columbia Securities Commission.

From 1997 to 2000, Mr. Jones was the vice-president, corporate development, for Aber Diamonds, joint venture partner in the $1.3-billion Diavik diamond mine. Mr. Jones co-founded the Toronto- and Vancouver-listed West Timmins Mining (WTM) and the Toronto- and New York-listed MAG Silver, where he served as a director. He was part of the team that completed discovery, joint venture (JV) and takeover work for both companies. WTM went on to successfully finalize a $440-million takeover, and MAG is now valued at over $1-billion.

From 2000 to 2021, Mr. Jones was co-founder, chief executive officer and director at Platinum Group Metals Ltd. Along with a team he assembled, the company discovered 19 million ounces of platinum group metals, drilled a 250-million-tonne deposit, completed a definitive feasibility study and secured mining right permits.

Most recently Mr. Jones was CEO and president of TSX Venture Exchange-listed Los Andes Copper Ltd., a development company with a 100-per-cent interest in the Vizcachitas copper project located in Chile's most prolific copper belt.

His copper experience in this work is important for the target types at Electrum.

At present Mr. Jones is CEO and director of privately held Next Step Power Corp., a specialized capital provider and leasing company set to facilitate energy transition to electric.

Dr. Elena Clarici, chief executive officer, commented:

"We are delighted to welcome Mr. Jones to the board of directors. His experience, spanning over decades, in taking exploration assets all the way though to permitting and mine development, combined with his energy, leadership and management skills, adds an enormous value to the company. His experience and business acumen complements well with our existing directors, and we feel fortunate to have a board of such a calibre and seniority. I look forward to working with Michael and the rest of the board as we advance our various projects to a higher level."

Mr. Jones commented:

"I am very pleased to join Electrum's board. The company has assembled what I have built my career on; a large land position, adjacent to world-class deposits, with the right setting, assembled expertise and little previous exploration. I look forward to assisting in the work ahead and communication of the results to all the stakeholders as well as gaining the interest of new investors."

About Electrum Discovery Corp.

Electrum Discovery is an emerging, Canadian-based mineral exploration and development company focused on the Western Tethyan belt with activities in the Republic of Serbia. The current focus of the company is its flagship copper-gold Timok East project adjacent to the Bor copper-gold mining complex.

Electrum's management team has been focused on maximizing shareholder value through the acquisition and advancement of a large portfolio of copper-gold assets, while fostering sustainability, governance and knowledge transfer in the region.

We seek Safe Harbor.