Mr. Jordan Potts reports

GITENNES ANNOUNCES AGSM RESULTS AND MANAGEMENT CHANGES

Gitennes Exploration Inc. has released the results of its annual general and special meeting (AGSM) of shareholders held on Nov. 28, 2024.

Resolutions passed at the meeting included the appointment of Brunet Roy Dube CPA as auditor for the ensuing year; approval of the company's stock option and fixed equity incentive plans; the election of Jordan Potts, Paul Larkin and Jennifer McCappin as directors; and the re-election of Mansoor Jan as a director.

Effective immediately, Ken Booth (chief executive officer) and Martin Nicoletti (chief financial officer) have resigned from the company. Gitennes extends their appreciation to each of them for their invaluable service over the years and wishes them the best in their future endeavours.

Management changes

Gitennes is pleased to announce that Jordan Potts has been appointed as the new interim CEO, effective immediately.

Mr. Potts brings extensive experience in the public markets, having advised and served on numerous boards and consulted for many companies on the TSX Venture Exchange and the Canadian Securities Exchange. Over the past six years he has successfully secured substantial funding for junior exploration companies across Canada and has instrumental in the development and growth of those companies. His previous experience also includes a significant tenure in the commercial real estate sector, where he was instrumental in fundraising, managing and project development.

The company is also pleased to announce that Paul Larkin has been appointed as the new interim chief financial officer effective immediately.

Mr. Larkin has vast experience in the public markets and the renewable energy sector. Currently a director of a Vancouver-based renewable energy royalties' company, Mr. Larkin was a co-founder of U.S. Geothermal, a leading geothermal renewable energy company that was sold to Ormat Technologies (NYSE: ORA) in 2018 for $200-million (U.S.).

Since 1983, Mr. Larkin has been the president of the New Dawn Group, an investment and financial consulting firm located in Vancouver. New Dawn is primarily involved in corporate finance, merchant banking and administrative management of public companies. Mr. Larkin was an investment banker before founding New Dawn in 1983.

Mr. Larkin has been a director and/or officer of various Toronto Stock Exchange, New York Stock Exchange and TSX Venture Exchange-listed companies, and is an experienced audit, compensation and corporate governance director.

Stock option and RSU grant

The company has granted 1.2 million stock options and one million restricted share units' (the RSUs) to directors, officers and consultants of the company. The stock options will have an exercise price of 27.5 cents for a five-year period expiring on Nov. 29, 2029, and have been granted in accordance with the company's stock option plan and may be subject to vest periods. The RSUs will be subject to vesting terms and once vested, each RSU represents the right to receive one common share of the company or the equivalent cash value thereof, at the company's discretion.

About Gitennes Exploration Inc.

The company currently has two properties in the Sept Iles region of Quebec where it is exploring for nickel, niobium and tantalum, and three gold properties in the Chapais-Chibougamau area of Quebec: New Mosher, JMW and Maxwell. All properties are 100 per cent owned by Gitennes except for New Mosher which is under an option agreement whereby Gitennes can earn an initial 70 per cent and has the right to increase its ownership to 85 per cent.

We seek Safe Harbor.