Mr. Ken Booth reports

GITENNES RECEIVES TSX VENTURE APPROVAL FOR THE ACQUISITION OF THE SEPT ILES NICKEL AND RARE EARTH ELEMENT PROPERTIES, QUEBEC

Gitennes Exploration Inc. has received TSX Venture Exchange approval for the proposed acquisition of a 100-per-cent undivided interest in the Sept Iles nickel and rare earth element properties located in the Sept Iles region, Quebec .

The Sept Iles Nickel property consists of 197 contiguous claims, previously reported in the May 24 news release as 191 claims and the Rare Earth Property consists of 62 contiguous claims (the "Properties"). The purchase of the Properties is subject to a purchase agreement dated May 23, 2023, between the Company and arm's length sellers (the "Sellers"). As consideration for acquiring a 100% interest in the Properties, the Company will issue as consideration to the Sellers: (i) an aggregate of 8,000,000 units (each a "Unit"). Each Unit is comprised of one common share (a "Consideration Share") in the capital of Gitennes and one non-transferable share purchase warrant (each a "Warrant"). Each Warrant entitles the Sellers to acquire one additional common share in the capital of Gitennes at an exercise price of $0.15 for a period of thirty-six (36) months; and (ii) Gitennes has granted to two of the Sellers an aggregate 2% net smelter return royalty ("NSR") on the Properties with Gitennes being granted a buyback of 1% of the NSR at any time for C$1.0 million. Gitennes has also granted to the same two Sellers a 0.5% NSR on any additional claims Gitennes acquires or stakes within an area of interest of the Sept Iles Nickel property. Gitennes can purchase 50% of the 0.5% NSR at anytime for C$250,000. If Gitennes acquires any additional claims the acquisition may be subject to a separate filing with the TSX Venture and require TSX Venture approval in accordance with the applicable TSXV policies.

The Consideration Shares will be subject to a statutory four month and one day hold period under applicable securities laws.

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for and advancing mineral properties with a focus on high grade gold. The Company currently has three properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell and the Snowbird gold property in British Columbia and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui Silver Project in Peru. The Company recently sold its gold properties in the Gaspe Region of Quebec. All properties are 100% owned by Gitennes except for New Mosher which is under option and Gitennes can earn an initial 70% and has the right to increase its ownership to 85%. The Snowbird Property has been optioned to a gold exploration company.

We seek Safe Harbor.