Mr. Jean Rainville reports

FOKUS MINING ANNOUNCES SECOND AND FINAL CLOSING OF PRIVATE PLACEMENT

Fokus Mining Corp. has completed a second and final closing of a non-brokered private placement in which it issued a further 1.01 million units at a price of eight cents per unit, for aggregate gross proceeds to Fokus of $80,800. Each of the units comprises one common share and one common share purchase warrant. Each unit warrant entitles its holder to acquire one additional common share of Fokus at a price of 12 cents for a period of three years from the closing date. Fokus intends to use the proceeds from the units for exploration of its Galloway property located in the province of Quebec and for working capital purposes.

As a result of the second and final closing of the private placement, there are 105,528,793 common shares of Fokus issued and outstanding. Under applicable securities legislation, the securities issued in the private placement are subject to a four-month hold period, expiring on Oct. 30, 2023. In total, Fokus issued 4,075,000 units and 985,000 FT units in the first and second tranches of the private placement.

The private placement remains subject to the final approval of the TSX Venture Exchange.

In other news, the drill campaign that was to begin earlier on the RB zone of the Galloway project (see press release dated June 14, 2023) and was delayed because of the forest fires will finally begin tomorrow.

About Fokus Mining Corp.

Fokus is a mineral resource company actively, acquiring and exploring precious metal deposits located in the province of Quebec, Canada. In implementing this major undertaking within the Canadian mining industry, it is determined to unlock the secret of the Galloway gold project.

The Galloway project covers an area of 2,865.54 hectares and is located just north of the Cadillac-Larder Lake deformation, which extends laterally for more than 100 kilometres. Numerous gold deposits are related to that structure and its subsidiaries. The current work focuses on a small western portion of the mineral claims where several mineral occurrences have been identified.

We seek Safe Harbor.