Mr. Peter Damouni reports

MASON RESOURCES ANNOUNCES CLOSING OF THE SALE OF THE LAC GUERET PROPERTY TO NOUVEAU MONDE GRAPHITE

Mason Resources Inc. closed today the sale of the Lac Gueret property, targeted for the development of the Uatnan mining project, pursuant to the previously announced asset purchase agreement (APA) dated Jan. 21, 2024, with Nouveau Monde Graphite Inc.

In consideration for the sale of the Lac Gueret Property, Mason received 6,208,210 common shares of NMG, representing approximately 9.25% of the issued and outstanding common shares of NMG.

A copy of the APA is available under Mason's profile on SEDAR+.

About Mason Resources Inc.

Mason Resources Inc. is a Canadian corporation focused on seeking investment opportunities. Mason is the largest shareholder of Black Swan Graphene Inc. ("Black Swan") (TSX.V: SWAN) (OTCQB: BSWGF) focusing on the large-scale production of patented high-performance and low-cost graphene products aimed at several industrial sectors, including concrete and polymers, which are expected to require large volumes of graphene and, in turn, large volumes of graphite. Black Swan aims at leveraging Quebec's emerging graphite industry to establish an integrated supply chain. In 2023, Black Swan, Nationwide Engineering Research & Development Ltd., and Arup Group Ltd. announced strategic partnerships and, in 2024, Black Swan announced a commercial agreement with Hubron International Ltd. Black Swan's graphene processing technology was developed over the span of a decade by Thomas Swan & Co. Ltd., a United Kingdom-based global chemicals manufacturer, with a century-long track record.