Mr. Chase Taylor-Robins reports

GOTHAM RESOURCE CORP. CLOSES SUBSCRIPTION RECEIPT FINANCING

Gotham Resource Corp. has closed its non-brokered financing of subscription receipts. Pursuant to the financing, Gotham has issued an aggregate of 1,421,367 subscription receipts at 75 cents for gross proceeds of $1,066,025.25. Each subscription receipt will convert into one common share of the resulting issuer and one-half of one resulting issuer warrant upon satisfaction of certain escrow release conditions and upon the completion of the previously announced qualifying transaction with CopperEx Resources Corp. (See Gotham's Aug. 16, 2023, and Oct. 16, 2023, news releases for additional details on the transaction). Each whole subscription receipt warrant entitles the holder to purchase an additional common share in the capital of the resulting issuer at a price of $1 for a period of one year from issuance, subject to an accelerator clause. The subscription receipt shares and subscription receipt warrants issuable upon the conversion of the subscription receipts will not be subject to a hold period under applicable securities legislation in Canada.

An aggregate of $60,960.02 finder's fees and 81,280 finder's warrants to Haywood Securities Inc., Canaccord Genuity Corp. and Scotia Capital Inc., which are payable in respect of the financing, will be paid upon satisfaction of certain escrow release conditions and on completion of the transaction. Gross proceeds from the financing will be held in escrow pending closing of the transaction and will be used to finance the resulting issuer's initial obligations under the transaction.

About Gotham Resource Corp.

Gotham Resource is a capital pool company under TSX Venture Exchange Policy 2.4 (Capital Pool Companies). Since its incorporation, the principal business of Gotham Resource has been to identify, evaluate and acquire assets, properties or business which could constitute a qualifying transaction.

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