Mr. Tony Cina reports

KARUS MINING ANNOUNCES APPOINTMENT OF CHRIS DONALDSON AS CHIEF EXECUTIVE OFFICER AND DIRECTOR

Karus Mining Inc. has appointed Chris Donaldson as chief executive officer of the company, effective immediately. Mr. Donaldson succeeds interim chief executive officer, Andrew Kaip who will step down as interim CEO and continue to serve as a director of the company.

Mr. Donaldson brings 30 years of experience in managing, marketing and raising capital, including over 20 years in mining and exploration. Mr. Donaldson has deep experience in Western Canada as a past CEO of Vizsla Copper Corp. as well as eight years with Western Copper and Gold and Casino Mining Corp. Most recently, Mr. Donaldson was CEO and a director of Valkea Resources.

"I am excited to hand off leadership of Karus to Chris Donaldson," stated Mr. Kaip, outgoing interim CEO. "The drill is turning at FG gold with results pending, and the company is well positioned for its next phase of growth. I have followed Chris's career for many years, and I have full confidence that Karus is in strong hands."

"I am thrilled to join the Karus team and lead the company as we advance what I believe is a highly compelling gold exploration portfolio," commented Mr. Donaldson, CEO and director. "Karus has a strong foundation, with two high-grade gold assets located in emerging districts, a solid treasury and significant exploration upside. With an active drilling program under way at FG gold and results pending, we are entering an exciting period of discovery and value creation. I look forward to building on the strong foundation established by Andrew Kaip and working with the team to unlock the full potential of these assets and position Karus for its next stage of growth."

"On behalf of the board of directors, we would like to welcome Chris to the Karus team and thank Andrew Kaip for his invaluable leadership and contributions to Karus, including commencement of drilling at the FG gold project, listing the company's shares on the Canadian Securities Exchange and being instrumental in the search for a permanent CEO," said Tony Cina, board chair.

As part of Mr. Donaldson's compensation package, the board has approved the grant of 500,000 incentive stock options under the company's stock option plan. All common shares issued upon exercise of the stock options will be subject to a hold period of four months from the date of grant in accordance with the applicable policies of the CSE.

The board has also appointed Mr. Donaldson as a director of the company, effective immediately.

About Karus Mining Inc.

Karus Mining is a British Columbia-focused gold exploration company advancing a portfolio of district-scale gold assets in two of the province's most prospective mineral belts. The company's strategy is to create long-term shareholder value through the systematic exploration, resource growth and new gold discoveries.

Karus is the 100-per-cent owner of the approximately 1,000-square-kilometre South Cariboo gold district, which includes the FG gold project and the Gold Creek project. The underexplored district hosts multiple gold systems, numerous high-priority exploration targets and extensive strike potential, providing significant resource and discovery potential.

The company also owns the high-grade Mineral Creek gold project, located approximately 12 kilometres southeast of Port Alberni on Vancouver Island. Mineral Creek hosts multiple high-grade, gold-bearing vein systems and represents an additional opportunity to unlock value within an emerging gold district.

With a strong technical team, substantial historical exploration investment across its projects and an active exploration strategy, Karus is well positioned to capitalize on the growing demand for high-quality gold exploration opportunities. The company offers investors exposure to multiple discovery opportunities, district-scale land packages and significant long-term growth potential in one of the world's premier mining jurisdictions.

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