Mr. Ken Booth reports

GITENNES RECEIVES TSX VENTURE EXCHANGE APPROVAL FOR THE ACQUISITION OF ITS THIRD BATTERY METALS PROPERTY IN QUEBEC

Further to Gitennes Exploration Inc.'s news release dated March 1, 2023, the TSX Venture Exchange has approved the acquisition of the Blue Ice property located approximately 100 kilometres northeast of Sept Iles, Que. Blue Ice mineralization is hosted in pegmatites and has been historically sampled by Gitennes with assays returning high-grade heavy rare-earth elements (HREE), niobium and tantalum.

The Blue Ice property is Gitennes's third battery metals property in Quebec along with its Sept Iles nickel and its Sept Iles rare-earth element properties which were acquired in May, 2023, and are also located in the Sept Iles region.

Historical highlights of the property

• Assays from grab samples of:
  • Total heavy REE -- 7,000 parts per million;
  • Niobium -- 1.86 per cent;
  • Tantalum -- 0.48 per cent.
• Three swarms of pegmatite dikes have been mapped:
  • Pegmatite swarms occur over 1,200 metres from north to south;
  • Results are from two separate pegmatite dikes 640 metres apart;
  • Only one claim has been mapped, potential for more pegmatites on other claims.
• Property covers a large area of pegmatite dikes with a previously undocumented occurrence of large crystals of beryl, a beryllium mineral;
• Limited historical exploration on the entire property:
  • Offers an excellent grassroot discovery opportunity.
• A power line crosses the property, and an active rail line is 500 metres away.
• With the acquisition of the four claims Blue Ice now consists of 119 contiguous claims totalling 6,462 hectares. In addition to the four claims, Gitennes staked and owns 100 per cent of 115 claims.

Large pegmatite that was sampled and returned heavy REE, niobium and tantalum.

The TSX Venture Exchange has approved the acquisition of four claims under two separate option agreements that gives the company the right to acquire 100 per cent of the claims.

The first option agreement for one claim pays the vendor $10,000 and issues 100,000 shares. Gitennes must expend $50,000 on exploration on the claim within 12 months of signing the agreement. A 1.5-per-cent NSR (net smelter return) will be granted to vendor.

The second option on three claims pays the vendors $75,000 by the second anniversary of the signing of the agreement and Gitennes will issue 300,000 shares by the third anniversary of the agreement. Exploration expenditures by Gitennes will total $600,000 over three years with the first $100,000 required to be spent within 18 months of the signing of the agreement. A 1.5-per-cent NSR will be granted to the vendors.

About Gitennes Exploration Inc.

Gitennes is in the business of exploring for and advancing mineral properties with a focus on high grade or large tonnage gold deposits. The company currently has five gold properties in Quebec, JMW, New Mosher, Maxwell, VG Boulder and Serpenphior, the Snowbird gold property in British Columbia and a 1.5-per-cent net smelter return royalty on the 18 million ounce Urumalqui silver project in Peru. Gitennes owns 100 per cent of its Quebec gold properties except for New Mosher which is under option whereby Gitennes can earn an initial 70 per cent with the right to increase its ownership to 85 per cent. The JMW, Maxwell and Snowbird properties have been optioned to other gold exploration companies.

Qualified person

The technical content in this release has been reviewed and approved by Mitchell E. Lavery, PGeo, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.