Mr. Ryan Jackson reports

NEWLOX GOLD EXTENDS ITS RECORD OF QUARTER-OVER-QUARTER PRODUCTION GROWTH IN FISCAL 2023

Newlox Gold Ventures Corp. has concluded its fiscal year by logging another 12 months of robust productivity increases. Over the four quarters of fiscal 2023, Newlox Gold extended its record of unbroken quarterly production gains logged during the previous fiscal year by delivering a consistent increase in productivity in each quarter of fiscal 2023. During the twelve months ended 31 March 2023, the Company sold a total of 46,562.13 grams of gold (1,497 troy ounces), representing substantial growth over the year.

Newlox Gold sold 9,590.71 grams in Q1 of 2023 (period ended June 30, 2022), representing an increase of 65.4% compared to June 30, 2021. By September 30, 2022, the Company's production had increased to 11,243.33 grams, representing an improvement of 17.4% from the previous quarter and a 53.8% increase compared to September 30, 2021.

By December 31, 2022, Newlox Gold's productivity continued to increase, with a total of 11,732.89 grams produced, representing a 4.4% increase in relation to the previous quarter and a 41.6% increase compared to December 31, 2021. Finally, on March 31, 2023, the Company sold 13,995.2 grams, demonstrating a 19.3% increase compared to the previous quarter and a 62.8% increase compared to March 31, 2022.

The productivity growth achieved by Newlox Gold showcases a consistent and robust upward trajectory over a two-year period. The production levels experienced steady increases quarter over quarter confirm a positive trend, commitment to continuous improvement, and adaptability to market environments. The Company is targeting a significant increase in the pace of revenue growth in fiscal 2024 as performance at Plant 1 continues to improve and the new Boston Project (Plant 2), which is currently waiting on final electrical upgrades by the local utility, comes online.

A Message from Ryan Jackson, President & CEO:

"We are pleased to report that Newlox Gold achieved a robust increase gold sales over fiscal 2023. Looking to fiscal 2024, management are optimistic that the Company can not only continue its upwards trajectory but substantially accelerate growth. We expect that this growth will come both from Plant 1, which recently posted its largest month-over-month productivity increase to date of 20 percent, but also though the commissioning and ramp-up of the Boston Clean Gold Project."

We seek Safe Harbor.