File: '\\swfile\EmailIn\20240404 141918 Attachment Press Release EWR - Mullan (IZZ 4Apr2024).docx'

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ZHR\12602-2\Press Release - Mullan (VZZ Sep2016).doc

PRESS RELEASE

This press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Val-d'Or, Quebec - April 4, 2024 - Glenn J. Mullan of 152 chemin de la Mine Ecole, Val-d'Or, Quebec J9P 7B6, has acquired ownership of an aggregate 1,280,000 units (the "Units") of International Prospect Ventures Ltd. (the "Issuer") having an office at 2772 chemin Sullivan, Val-d'Or, Quebec J9P 0B9 under a private placement offering by the Issuer (the "Offering") sold at a price of $0.05 per Unit, each Unit comprised of one common share in the capital of the Issuer and one half of one non-transferable share purchase warrant, each whole warrant entitling the purchase of one common share in the capital of the Issuer at a per share price of $0.07 until April 4, 2026, and indirectly through a wholly owned company, 300,000 common shares (the "Debt Settlement Shares) at a deemed price of $0.05 per Debt Settlement Share being an aggregate of 1,580,000 common shares, and 640,000 warrants which increased Mr. Mullan's percentage of common shares held by approximately 1.68%. The securities were issued by the Issuer from its treasury.

Immediately before the transactions that triggered the requirement to issue this release, Mr. Mullan owned directly and indirectly, an aggregate of 4,182,634 common shares of the Issuer representing approximately 8.175% of the Issuer's then issued and outstanding common shares and owned options entitling the purchase of an aggregate 845,000 common shares of the Issuer and warrants entitling the purchase of an aggregate 1,612,222 common shares of the issuer, or, assuming exercise of the options and the warrants, a total of 6,639,856 common shares or approximately 12.38% of the Issuer's common shares on a post-conversion beneficial ownership basis.

Immediately after the transactions that triggered the requirement to issue this release, Mr. Mullan owns, directly and indirectly, an aggregate 5,762,634 common shares of the Issuer representing approximately 9.86% of the Issuer's now issued and outstanding common shares and owns options entitling the purchase of an aggregate 845,000 common shares of the Issuer and warrants entitling the purchase of an aggregate 2,252,222 common shares of the Issuer, or, assuming exercise of the options and warrants, a total of 11,112,078 common shares or approximately 18.05% of the Issuer's common shares on a post-conversion beneficial ownership basis.

The securities were acquired for investment purposes by Mr. Mullan and he will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Mullan has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he owns. Mr. Mullan may, in the future, exercise warrants that he owns and, thus, acquire further common shares in the capital of the Issuer.

A report respecting this acquisition, which is incorporated herein by reference, will be electronically filed with regulators in Alberta, British Columbia, Ontario and Quebec and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval + (SEDAR+) at www.sedar+.ca under the Issuer's issuer profile. To obtain a copy of the report, contact Mr. Mullan at (819) 824-2808.

(signed) "Glenn J. Mullan"

Glenn J. Mullan

File: Attachment NR_EWRMullan_IZZ_4Apr2024.pdf

PRESS RELEASE

This press release is issued pursuant to National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Val-d'Or, Quebec April 4, 2024 Glenn J. Mullan of 152 chemin de la Mine Ecole, Val-d'Or, Quebec J9P 7B6, has acquired ownership of an aggregate 1,280,000 units (the "Units") of International Prospect Ventures Ltd. (the "Issuer") having an office at 2772 chemin Sullivan, Val-d'Or, Quebec J9P 0B9 under a private placement offering by the Issuer (the "Offering") sold at a price of $0.05 per Unit, each Unit comprised of one common share in the capital of the Issuer and one half of one non-transferable share purchase warrant, each whole warrant entitling the purchase of one common share in the capital of the Issuer at a per share price of $0.07 until April 4, 2026, and indirectly through a wholly owned company, 300,000 common shares (the "Debt Settlement Shares) at a deemed price of $0.05 per Debt Settlement Share being an aggregate of 1,580,000 common shares, and 640,000 warrants which increased Mr. Mullan's percentage of common shares held by approximately 1.68%. The securities were issued by the Issuer from its treasury.

Immediately before the transactions that triggered the requirement to issue this release, Mr. Mullan owned directly and indirectly, an aggregate of 4,182,634 common shares of the Issuer representing approximately 8.175% of the Issuer's then issued and outstanding common shares and owned options entitling the purchase of an aggregate 845,000 common shares of the Issuer and warrants entitling the purchase of an aggregate 1,612,222 common shares of the issuer, or, assuming exercise of the options and the warrants, a total of 6,639,856 common shares or approximately 12.38% of the Issuer's common shares on a post-conversion beneficial ownership basis.

Immediately after the transactions that triggered the requirement to issue this release, Mr. Mullan owns, directly and indirectly, an aggregate 5,762,634 common shares of the Issuer representing approximately 9.86% of the Issuer's now issued and outstanding common shares and owns options entitling the purchase of an aggregate 845,000 common shares of the Issuer and warrants entitling the purchase of an aggregate 2,252,222 common shares of the Issuer, or, assuming exercise of the options and warrants, a total of 11,112,078 common shares or approximately 18.05% of the Issuer's common shares on a post-conversion beneficial ownership basis.

The securities were acquired for investment purposes by Mr. Mullan and he will evaluate his investment in the Issuer and will increase or decrease his investment by future acquisitions or dispositions of securities of the Issuer at his discretion, as circumstances warrant. As of the date hereof, Mr. Mullan has no immediate future intention to acquire additional securities of the Issuer, or dispose of securities of the Issuer that he owns. Mr. Mullan may, in the future, exercise warrants that he owns and, thus, acquire further common shares in the capital of the Issuer. - 2 - A report respecting this acquisition, which is incorporated herein by reference, will be electronically filed with regulators in Alberta, British Columbia, Ontario and Quebec and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval + (SEDAR+) at www.sedar+.ca under the Issuer's issuer profile. To obtain a copy of the report, contact Mr. Mullan at (819) 824-2808. (signed) "Glenn J. Mullan" Glenn J. Mullan

ZHR\12602-2\Press Release - Mullan (VZZ Sep2016).doc