Mr. Robert Brown reports

FINLAY MINERALS RECEIVES MULTI-YEAR EXPLORATION PERMIT FOR THE ATTY AND GRANTS STOCK OPTIONS

Finlay Minerals Ltd. has received a multiyear exploration permit for its Atty property from the Ministry of Energy, Mines and Low Carbon Innovation.

The Atty property permit is for a term of three years and includes provisions for geophysical, geological and core drilling programs.

The Atty property is being explored for copper-gold-silver porphyry deposits (KEM and Wrich zones) as well as associated precious-metal-rich and base-metal-rich (Attycelley zone) veins. The Atty property is well situated in the Toodoggone area of Northern British Columbia, contiguous to and between Centerra Gold's Kemess property (Kemess Underground and Kemess East copper-gold porphyry deposits) to the south and the Amarc Resources/Freeport McMoRan joint-ventured Joy property (Pine copper-gold porphyry deposit) to the north.

Pursuant to the company's 10-per-cent rolling stock option plan as most recently reapproved by its shareholders on June 23, 2023, and approved by the TSX Venture Exchange on July 20, 2023, the company has granted stock options exercisable for the issuance of up to 5.05 million common shares of the company on Aug. 21, 2023. The stock options are exercisable at a price of five cents per share for a period of five years, expiring on Aug. 21, 2028. The stock options are subject to the terms of the plan.

The stock options were granted to the six directors of the company, as elected at the company's annual general meeting on June 23, 2023, and two officers. The company does not compensate directors other than by incentive stock options.

The aforementioned stock option grant brings the total number of the company's issued and outstanding stock options to 10.4 million. As of the date of this news release, the company has 138,111,232 common shares issued and outstanding and is therefore authorized to issue a maximum of 13,811,123 options under the plan.

The stock options vest as of the date of the grant. The stock options and any common shares of the company issued upon exercise of the stock options will be subject to a four-month resale restriction from the date of grant of the stock options.

Qualified person

Wade Barnes, PGeo, vice-president, exploration, for Finlay Minerals and a qualified person as defined by National Instrument 43-101, has approved the technical content of this news release.

About Finlay Minerals Ltd.

Finlay is a TSX-V company focused on exploration for base metal and precious metal deposits in Northern British Columbia.

Finlay trades under the symbol FYL on the TSX-V and under the symbol FYMNF on the OTCQB.

We seek Safe Harbor.