Mr. Dan Stuart reports

JUGGERNAUT CLOSES $3,040,000 FINANCING WITH CRESCAT CAPITAL AS LEAD INVESTOR

Further to its May 12, 2023, news release, Juggernaut Exploration Ltd. has received TSX Venture Exchange approval to close its non-brokered private placement financing for aggregate gross proceeds of $3.04-million. The use of funds from this financing will be to drill about 6,000 metres on Juggernaut's 100-per-cent-controlled Midas, Empire and Bingo properties targeting prolific high-grade gold and copper at surface.

The company has issued 19 million 16-cent flow-through units (FT units), each FT unit consisting of one flow-through common share of the company and one common share purchase warrant exercisable for an additional common share at 20 cents for two years from the date of issuance, for total gross proceeds of $3.04-million.

In connection with the financing the company has paid the following finders' fees in cash and broker warrants:

• West Harbour Capital -- $32,400 cash, 324,000 non-transferable broker warrants;
• Echelon Wealth Partners -- $1,800 cash, 18,000 non-transferable broker warrants.

All securities issued pursuant to this financing will be subject to a four-month-plus-one-day hold.

About Juggernaut Exploration Ltd.

Juggernaut Exploration is a precious metals project generator in the geopolitically stable jurisdiction of Canada, focused on the prolific geologic setting of northwestern British Columbia encompassing the Golden Triangle.

We seek Safe Harbor.