Mr. Marcel de Groot reports

LEVEL 14 ANNOUNCES UPDATE ON PLAN OF ARRANGEMENT

Level 14 Ventures Ltd. has obtained a final order from the Supreme Court of British Columbia dated June 27, 2023, to implement the company's previously announced plan of arrangement to spin out its wholly owned subsidiaries, Green Mountain Resources Ltd. (GMR) and Kobe Resources Ltd.

Substantially all of the terms and conditions of the Arrangement have been satisfied, including shareholder approval of the Arrangement at a general and special meeting of Level 14 shareholders (the "Shareholders") held on June 22, 2023. The special resolution approving the Arrangement was approved by 100% of the votes cast by Shareholders holding 61,285,301 common shares of the Company (the "Common Shares"), or approximately 66.97% of the outstanding Common Shares, present in person or represented by proxy at the Meeting.

Under the terms of the Arrangement, each Shareholder, as at the effective time of the Arrangement, will receive: (i) one new common share of the Company for each outstanding Common Share held; and (ii) one-tenth (1/10) of one common share in the capital of each of GMR and Kobe for each outstanding Common Share held. It is expected that the Arrangement will become effective pre-market on July 5, 2023. Outstanding warrants and stock options of the Company will also be adjusted in the manner set forth in the Company's management information circular dated May 25, 2023 (the "Circular").

The existing Common Shares are expected to be delisted from the Canadian Securities Exchange ("CSE") effective at the close of trading on July 4, 2023. The new common shares of the Company being distributed pursuant to the Arrangement are expected to commence trading on the CSE at market opening on July 5, 2023.

Immediately following completion of the Arrangement, GMR and Kobe common shares will not be listed on a public stock exchange, but each of GMR and Kobe will be reporting issuers in the Provinces of British Columbia, Alberta, and Ontario. For further details regarding the Arrangement, please refer to the Circular and Arrangement Agreement, which are available under the Company's profile on SEDAR.

About Level 14 Ventures Ltd.

Level 14 is an exploration-stage mining company with a focus on precious metals. The Company (until completion of the Arrangement) owns the Green Mountain Property in British Columbia, Canada and has an option to acquire 100% of the Colpayoc Property in Peru. Level 14 continues to evaluate opportunities in the mineral sector on an ongoing basis.

We seek Safe Harbor.