File: Attachment Kubera - News Release - commences work.pdf

Suite 1600, 609 Granville Street Vancouver, BC V7Y 1C3 Telephone: 1-778-331-8505 NEWS RELEASE

KUBERA GOLD COMENCES 2024 FIELD PROGRAM ON ITS DASH LAKE PROJECT, ONTARIO

May 2, 2024 Vancouver, BC, Canada. Kubera Gold Corp. (the "Company") (TSX-V: KBRA) is pleased to announce that Clark Exploration and Consulting Inc. out of Thunder Bay, Ontario has been contracted by the Company to execute its 2024 Field Program (the "Field Program") on its Dash Lake Project located in the Kenora Mining Division in Northwestern Ontario. The Field Program is comprised of a two-phase program to assess previously collected anomalous grab and soil samples. (see Figure 1)

Figure 1: Gold soil anomalies generated by 2019-2023 B-horizon soil sampling overlain on an Airborne Total Magnetic survey flown in 2007. The strong North-South feature with an apparent 'break' 250 m from the main anomaly. - 2 -

The first phase began in April, and consists of prospecting and sampling across the property. The crew assembled for the Field Program will follow up on anomalous grab samples obtained from previous field programs. Additionally, soil geochemistry anomalies outlined during previous soil surveys are being ground truthed. Once results are assessed, the crew will prospect additional areas of the property to identify new targets.

The prospecting and sampling phase will be completed on May 29th. Targets generated in Phase 1 will be assessed as stripping targets for Phase 2 of the Field Program, which is scheduled for September 2024.

The technical information contained in this news release has been reviewed and approved by Mr. Garry Clark, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 Standards of Disclosure for Minerals Projects. The Dash Lake Property is an early stage exploration prospect and has no resources or reserves.

Further information about the Company and the Dash Lake Project is available under the Company's issuer profile on SEDAR+ at www.sedarplus.ca.

About the Company

Kubera Gold Corp. is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects. The Company holds an option to acquire a 100% interest in and to the Dash Lake Project, which consists of mineral claims covering nearly 815 hectares approximately 90 km north of the town of Fort Frances, Ontario, in the Kenora Mining Division.

For more information, please contact the Company at 778-331-8505 or email: sackerman@emprisecapital.com or info@kuberagold.com

On Behalf of the Board of Directors of Kubera Gold Corp.

Scott Ackerman President, CEO, Corporate Secretary and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements concerning Kubera's plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements".

Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risk that the Company will not complete the Company's option to acquire the Dash Lake Project, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, title disputes or claims, - 3 -

environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Prospectus and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.

File: '\\swfile\EmailIn\20240502 144452 Attachment Kubera - News Release - commences work.docx'

- 2 -

{008166000-00089179; 1 } Kubera NR

Suite 1600, 609 Granville Street

Vancouver, BC V7Y 1C3

Telephone: 1-778-331-8505

NEWS RELEASE

KUBERA GOLD COMENCES 2024 FIELD PROGRAM

ON ITS DASH LAKE PROJECT, ONTARIO

May 2, 2024 - Vancouver, BC, Canada. Kubera Gold Corp. (the "Company") (TSX-V: KBRA) is pleased to announce that Clark Exploration and Consulting Inc. out of Thunder Bay, Ontario has been contracted by the Company to execute its 2024 Field Program (the "Field Program") on its Dash Lake Project located in the Kenora Mining Division in Northwestern Ontario.

The Field Program is comprised of a two-phase program to assess previously collected anomalous grab and soil samples. (see Figure 1)

Figure 1: Gold soil anomalies generated by 2019-2023 B-horizon soil sampling overlain on an Airborne Total Magnetic survey flown in 2007. The strong North-South feature with an apparent 'break' 250 m from the main anomaly.

The first phase began in April, and consists of prospecting and sampling across the property. The crew assembled for the Field Program will follow up on anomalous grab samples obtained from previous field programs. Additionally, soil geochemistry anomalies outlined during previous soil surveys are being ground truthed. Once results are assessed, the crew will prospect additional areas of the property to identify new targets.

The prospecting and sampling phase will be completed on May 29th. Targets generated in Phase 1 will be assessed as stripping targets for Phase 2 of the Field Program, which is scheduled for September 2024.

The technical information contained in this news release has been reviewed and approved by Mr. Garry Clark, P.Geo., a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Minerals Projects. The Dash Lake Property is an early stage exploration prospect and has no resources or reserves.

Further information about the Company and the Dash Lake Project is available under the Company's issuer profile on SEDAR+ at www.sedarplus.ca.

About the Company

Kubera Gold Corp. is a mineral exploration company engaged in the identification, acquisition, and exploration of mineral projects. The Company holds an option to acquire a 100% interest in and to the Dash Lake Project, which consists of mineral claims covering nearly 815 hectares approximately 90 km north of the town of Fort Frances, Ontario, in the Kenora Mining Division.

For more information, please contact the Company at 778-331-8505 or email: sackerman@emprisecapital.com or info@kuberagold.com

On Behalf of the Board of Directors of Kubera Gold Corp.

Scott Ackerman

President, CEO, Corporate Secretary and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements concerning Kubera's plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements".

Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risk that the Company will not complete the Company's option to acquire the Dash Lake Project, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, the Company's limited operating history, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Prospectus and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.