Mr. David Paxton reports

KAPA GOLD ANNOUNCES THE RESULTS OF ITS 2023 ANNUAL AND SPECIAL MEETING

Kapa Gold Inc. has released the results of its annual and special meeting of shareholders held on June 29, 2023, in Vancouver, B.C. The company's shareholders voted in favour of all items put forward by the board of directors and management.

At the meeting, all resolutions were duly passed by the requisite majority. Based on proxies received, 8,937,053 million common shares of the company, representing 16.01 per cent of the issued and outstanding common shares as at the record date, were voted and David Paxton, Alexander Tsakumis and George Nicholson were all re-elected as directors of the company.

The shareholders appointed Davidson & Company LLP as auditor of the company, and approved the board size resolution and the company's stock option plan.

The company further announces that it has granted stock options to acquire a total of 400,000 common shares of the company to officers, employees and consultants at a price of 10 cents, subject to vesting requirements. All options were granted pursuant to the company's stock option plan and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange. The options expire five years from the date of the grant, subject to the optionees continuing to act as officers, employees or consultants of the company.

For additional information on these matters please refer to Kapa Gold's information circular available on the company's website or visit the company's issuer page on SEDAR.

About Kapa Gold Inc.

Kapa Gold, led by experienced capital markets and geologic team, is focused on exploring its 100-per-cent-owned historic Blackhawk gold mine and surrounding underexplored properties for economic mineralization. Kapa Gold has recently optioned the historic Mastodon project and is compiling historical data in advance of recommendations for exploration programs.

We seek Safe Harbor.