Mr. Peter Schloo reports

HERITAGE MINING ANNOUNCES OJEP APPROVAL OF FOURTH TRANCHE (MAX AMOUNT)

Heritage Mining Ltd. has been approved for the fourth tranche of a $200,000 grant from the Ontario Ministry of Mines under the Ontario Junior Exploration Program (OJEP).

OJEP approval

The grant is the maximum amount available under OJEP for a junior mining company and was provided in respect of expenditures Heritage incurred in advancing its flagship Drayton-Black Lake project during the period from April, 2023, to February, 2024. The company also highlights receipt of payment in full from the third tranche OJEP grant previously announced on Dec. 29, 2023, in the amount of $200,000.

"We would like to thank the Ministry of Mines for the approval of funds pertaining to the OJEP program. We look forward to further advancing our projects in northwestern Ontario in a systematic manner," commented Peter Schloo, president, chief executive officer and director of Heritage.

"Providing junior exploration companies like Heritage Mining with the resources they need to find and develop significant mineral deposits will help position Ontario as a global leader in mineral exploration. Through programs like OJEP we are keeping the drills spinning and enabling Ontario's mining sector to do what it does best," said George Pirie, Minister of Mines.

OJEP helps junior mining companies finance early exploration projects in Ontario. These projects help boost mineral exploration, growth and job creation in the province.

About Heritage Mining Ltd.

The company is a Canadian mineral exploration company advancing its two high-grade gold-silver-copper projects in northwestern Ontario.

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