Mr. Peter Schloo reports

HERITAGE MINING'S CONTACT BAY: TWO LARGE NI-CU-PGE MAFIC-ULTRAMAFIC INTRUSIVES

Heritage Mining Ltd. has released the geophysical interpretation for its Contact Bay property, a wholly owned exploration project located 12 kilometres south-southwest of the town of Dryden in Ontario.

Exciting highlights from the company's exploration efforts include the interpretation defining two substantial mafic-ultramafic intrusive bodies with multiple nickel-copper-platinum-group-element target areas:

• Nabish Lake area (Ni-Cu-PGE) (approximately five km long, up to one km wide, over one km in depth);
• North Nabish Lake area (Ni-Cu-PGE) (approximately two km long, one km wide, over one km in depth).

These highlights, coupled with findings from the company's 2023 prospecting program, suggest geological similarities to other Archean Ni-Cu-PGE occurrences and deposits.

"In the positive landscape of critical battery metals, these developments underscore the promising potential we hold in advancing our position in this strategic sector," commented Peter Schloo, president, chief executive officer and director.

Planned exploration program

Based on the company's airborne geophysical surveys and its 2023 prospecting programs Heritage plans to evaluate the Ni-Cu-PGE and gold target areas by completing induced polarization surveys and follow-up diamond drill evaluation on a priority basis. With year-round access to the property, direct road access and infrastructure in place, Heritage enjoys the opportunity to continue working through the winter.

Qualified person

Mitch Lavery, PGeo, strategic adviser to the company, serves as a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed the scientific and technical information in this news release, approving the disclosure herein.

About Heritage Mining Ltd.

The company is a Canadian mineral exploration company advancing its two high-grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou greenstone belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The company is well capitalized, with a tight capital structure.

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