Mr. Stephen Wilkinson reports

GOLD'N FUTURES REPORTS AMENDMENTS TO ITS OPTION TO ACQUIRE ITS INTEREST IN THE HERCULES GOLD PROPERTY AND ANNOUNCES DEBT SETTLEMENT

Argonaut Gold Inc. and Gold'n Futures Mineral Corp. have amended the option agreement respecting the Hercules gold property. Details of the option prior to these amendments were disseminated in the press release of the company on Oct. 26, 2020, with amended terms announced on Sept. 28, 2022, and further amended terms announced on Aug. 3, 2023. Under the new amended terms of the option, the company has restructured and deferred future payments to be made to Argonaut and exploration obligations against the property. The new schedule for the option payments and the completion dates for the exploration commitments are presented herein.

Stephen Wilkinson, chief executive officer of Gold'n Futures, commented: "We now have a deal that allows the company to earn its interest in the Hercules project while putting a much greater percentage of our option costs directly into exploration expenditures. This use of funds ought to enable Gold'n Futures to advance the project with much greater financial efficiency and to facilitate its discussions with third party investors."

The 2024 amended option terms

Under the new terms of the option, Gold'n Futures has the option to acquire, on or before Dec. 31, 2026, an initial 50-per-cent earned interest (as defined in the option) in the property (the first option) by: (a) paying to Argonaut $350,000 by Dec. 31, 2024, where previously, the company has paid $1.65-million in cash; (b) incurring exploration expenditures of $7-million on the property by Dec. 31, 2026, of which the company has incurred approximately $1-million; and (c) granting a 1-per-cent royalty (as defined in the option).

Subject to Gold'n Futures having exercised the first option, Argonaut has also granted to the company the ability to increase its interest by acquiring a further 40-per-cent earned interest in the property bringing its total earned interest to 90 per cent (the second option) by paying to Argonaut a final amount of $6.5-million, in cash within 60 days of exercising the first option. In addition and of material importance, the company's obligation to deliver a National Instrument 43-101-compliant prefeasibility study on the property on or before Dec. 31, 2027, has been removed per this amendment to the option.

Debt settlement and RSU issuance

The company also announces that it has entered into a debt settlement agreement to settle outstanding debts owed to arm's-length creditors totalling $60,000 for business consulting fees. Pursuant to the settlement agreement, the company has agreed to issue an aggregate of six million common shares at a deemed price of one cent per share, based on a 20-day VWAP (volume-weighted average price). The company anticipates closing the settlement agreements on or about March 4, 2024.

The board of directors of the company has determined that it is in the best interests of the company to settle the outstanding debts by the issuance of the shares in order to preserve the company's cash for working capital.

The company also announces that it has granted seven million restricted share units (RSUs) to Stephen Wilkinson and Vicki Rosenthal to acquire the aggregate of seven million common shares in the capital of the company as compensation for services pursuant to the company's option incentive plan and in accordance with Mr. Wilkinson's and Ms. Rosenthal's consulting agreements. The RSUs, which vest immediately, are subject to the terms and conditions of the incentive plan and are subject to the policies of the Canadian Securities Exchange.

All securities issued in connection with the settlement agreement and RSU issuance are issued pursuant to the "Employee, Executive Officer, Director and Consultant" exemption contained in Section 2.24 of National Instrument 45-106 -- Prospectus Exemptions. Pursuant to the policies of the Canadian Securities Exchange, the issued securities are subject to a four-month-and-one-day hold period.

Qualified person

The scientific and technical content of this press release has been prepared, reviewed and approved by Walter Hanych, PGeo, who is a qualified person under National Instrument 43-101 regulations and is a director of the company.

About Gold'n Futures Mineral Corp.

Gold'n Futures Mineral is a mineral exploration company with two advanced Canadian gold projects. The Hercules gold project is 195 km northeast of Thunder Bay, Ont., in the Beardmore-Geraldton gold mining camp. It is 54 km north west of Equinox Gold's Greenstone gold mine that reportedly boasts 5.5 million ounces of proven and probable reserves. The Hercules property consists of 425 contiguous claims (11,370 ha). From the historical and its current work, the company has built a comprehensive database and model and is preparing a new mineral resource estimate based upon current and historical drilling totalling the order of 537 holes comprising 114,000 m of core.

The Brady-Huxter gold project is in central Newfoundland, 50 kilometres southeast of the town of Gander. The Brady-Huxter property consists of nine mineral licences, which cover 2,350 hectares and contains two large porphyry-hosted gold deposits, the Reid and Mosquito Hill. These deposits have a combined drill-defined historical resource estimate of 59.5 million tonnes containing 938,753 ounces of indicated and inferred gold mineralization (see Gold'n Futures news of Oct. 16, 2023).

Gold'n Futures is conducting programs to expand its gold resources and to develop viable gold mining operations through the application of extensive geological experience and knowledge combined with advanced technologies and computer modelling.

We seek Safe Harbor.