Mr. Peter Schloo reports

HERITAGE MINING - 2023 PROGRAM UPDATE & SIX NEW HIGH-GRADE TARGETS

Heritage Mining Ltd. has released remaining drill results from its 2023 drill program at Alcona, New Millennium and Moretti in addition to six new high-grade targets at its flagship Drayton-Black Lake project (DBL). The Company is also pleased to announce that Heritage is now planning the Phase II exploration program to further define the deposit potential at Alcona and New Millennium.

2023 Exploration Program Highlights:

The 2023 exploration and drill program has confirmed the presence of multiple, extensive, structurally controlled and locally high-grade Au and Au-Ag Mineralized systems.

Prospecting program evaluated seven highly prospective areas advancing six to drill ready status for the 2024 exploration program.

Alcona Area, HML23-017: lower portion of the hole returned multiple anomalous narrow intervals 0.68 g/t Au over 4.9m from 138.25m, 0.63g/t over 2.5m from 149m, 1.98 g/t Au over 0.8m from 239.2m supporting a wide anomalous mineralized gold zone.

"We're proud to announce the success of our 2023 exploration program, which has positioned us for an exciting 2024. With six additional target areas upgraded to drill-ready status and high-grade precious and base metals identified, we're eagerly awaiting permits to further our exploration efforts on our flagship DBL Project.

Additional modeling and structural interpretation is underway to support a Phase II program at Alcona and New Millennium.

Our optimism for the junior exploration market remains high as we continue to unlock the potential of our projects and deliver value to our stakeholders." Commented Peter Schloo, President, CEO and Director

2023/2024 Prospecting Program

The Company evaluated seven additional targets areas within its flagship DBL Project, six of which have been moved to drill ready status. Additional prospecting and target workup will continue throughout 2024 of other historical targets as well as in between high priority target areas connecting the kilometers of potential strike length within our district scale project.

The high priority target areas all exhibit similar deposit scale characteristics making this an attractive and highly prospective project.

Proposed exploration program for the areas below includes but is not limited to prospecting, stripping, IP and diamond drilling.

The Company looks forward to providing future updates on a target-by-target basis in the near term.

Alcona Area

Phase 1 2023 Alcona drill program results confirm widespread Au-Ag Mineralization hosted in broad (>200m) composite deformation zones. 2023 exploration program confirms the presence of extensive, structurally controlled and locally high-grade Au-Ag Mineral systems.

Additional modeling and structural interpretation is underway to support a Phase II program.

HML23-017 (Partial): Multiple anomalous narrow intervals 0.55g/t Au over 8m from 21m 0.68 g/t Au over 4.9m from 138.25m, 0.63g/t over 2.5m from 149m, 1.98 g/t Au over 0.8m from 239.2m

New Millennium

At least two mineralized deformation corridors consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins.

New Millennium phase I drill program confirmed multiple narrow anomalous mineralized zones.

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Additional modeling, structural interpretation, drilling and exploration is recommended for this area.

Moretti

Mineralized deformation corridor over 2,500m of strike 500m wide consisting of discrete zones of deformed volcanic rocks and shear parallel quartz veins ranging from cm to meter scale.

Drill results for the remaining holes showed no significant mineralization. Additional drilling and exploration is recommended for this area to further understand the structural complexity and orientation and how this fits into the +10km Moretti deformation corridor.

Qualified Person

Mitch Lavery P. Geo, Strategic Advisor for 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.

We seek Safe Harbor.