File: '\\swfile\EmailIn\20240812 055505 Attachment EROS - NR 2024-08-12 - Corporate Updates - Final.docx'

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NEWS RELEASE

August 12, 2024

Eros Resources Corp. Provides Corporate Updates

VANCOUVER, BC, August 12, 2024 - Eros Resources Corp. ("Eros" or the "Company") (TSXV: ERC) is pleased to provide an update on the ongoing transaction regarding the Bell Mountain project (the "Bell Mountain Project") located in Churchill County, Nevada (the "Transaction").

On November 9, 2023, the Company announced the agreement to sell all assets that comprise the Bell Mountain Project to Lincoln Gold Mining Inc. (TSX.V: LMG) ("Lincoln"). The Transaction received conditional approval from the TSX Venture Exchange ("TSXV") on November 24, 2023. The terms of the Transaction are as disclosed in the Company's press release of May 6, 2024.

Eros and Lincoln are currently working to meet the conditions set by the TSXV. Once these conditions are fulfilled, the Transaction will close in 7 - 10 business days. To further develop the Bell Mountain Project, Lincoln has executed a non-brokered private placement for aggregate gross proceeds of $862,500. These funds will be used to advance the Bell Mountain Project, including the preparation of an updated preliminary economic assessment respecting the Bell Mountain Project, as required by the TSXV. Closing of the Transaction is subject to final TSXV acceptance.

Eros is also pleased to provide an update on the option agreement with MAS Gold Corp. ("MAS") (TSXV: MAS) which granted Eros the right to earn a 17.5% interest in certain La Ronge Gold Belt properties in Saskatchewan owned by MAS. Eros has met all the requirements under the option agreement with MAS and has earned its 17.5% interest in MAS Gold's Preview Lake, Greywacke, Elizabeth Lake and North Lake properties, totaling an area of approximately 33,860 hectares. MAS owns the remaining 82.5% interest in the properties, which are subject to certain existing royalties held by third parties. In accordance with the terms of the option agreement, Eros did not earn an interest in the Preview SW property held by MAS. Eros continues to believe that the La Ronge Gold Belt has the potential to develop into a large-scale gold district and is pleased to hold a significant interest in the belt as its flagship asset.

About Eros

Eros Resources Corp. is a Canadian public company listed on the Toronto Venture Exchange. The Company's business objective is the identification, acquisition, and exploration of advanced-stage projects with a North American focus. In addition, the Company plans to make strategic investments with a global focus on a diverse commodity base. Eros management's expertise supports this strategy.

For further information, please contact:

EROS Resources Corp.

Tom MacNeill

President and Chief Executive Officer

Phone: 306-653-2692

Forward Looking Statements

This release includes forward-looking statements regarding EROS and its business. Such statements are based on the current expectations and views of future events of EROS's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward looking statements. Such forward-looking statements include, without limitation, statements relating to the Company's expectation that the Transaction will close, that the Transaction will receive final TSXV acceptance and information with respect to the Company's expectations, strategies and plans for its mining properties. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of the failure to complete the Transaction, known and unknown risk factors and uncertainties affecting EROS, including risks regarding the resource industry, economic factors and the equity markets generally and many other factors beyond the control of EROS. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Forward-looking statements speak only as of the date on which they are made and EROS undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

EROS Resources Corp. For more information, please contact:

Suite 420 - 789 West Pender Street Lubica Keighery

Vancouver, British Columbia, VP Corporate Development

Canada, V6C 1H2 c: 778-889-5476

T: 604-688-8115

w: www.erosresourcescorp.com