Mr. Luke Norman reports

LEVIATHAN METALS ANNOUNCES AGREEMENT TO SELL TIMOR GOLD PROJECT LICENSE TO AU GOLD CORP.

Leviathan Metals Corp.'s wholly owned subsidiary, Leviathan Gold (Australia) Pty. Ltd. (LVX Aus), has entered into a mineral property sale agreement (MPSA) with Au Gold Corp., pursuant to which it will sell EL006278 in the Victorian goldfields, Australia, which licence covers the Timor gold project, in exchange for a cash payment of $10,000 on signing of the MPSA, $65,000 on closing of the purchase and sale, and the issuance to LVX Aus of five million common shares of Au Gold, which will result in LVX Aus owning 11.16 per cent of the issued and outstanding shares of Au Gold (based on the issued and outstanding shares of Au Gold as of the date of this news release). LVX Aus does not presently hold any securities of Au Gold.

Timor covers 116.45 square kilometres in the central Maryborough district of central Victoria, encompassing over 25 kilometres of high-grade historical mine workings that include the historical Leviathan mine. These workings fall on a so-called "reefline" -- a linear structural trend hosting quartz veins and stockworks within a broad north-south-trending fault system prospective for high-grade gold mineralization. By 1862, approximately 90 such reefs were reportedly known in the area of Leviathan mine, with production records suggesting that such occurrences produced "more than an ounce of gold per tonne."

Limited diamond drilling by the company at the Leviathan mine returned 11.46 metres at 5.27 grams per tonne (g/t) gold (Au) from 232.05 in hole 21LEV002 (news release of March 9, 2022). Documented historical production for the Leviathan mine is 181,000 tonnes for 67,511 ounces of gold at a grade of 11.4 g/t Au.

LVX Aus will hold the Au Gold shares for ownership and investment purposes only. Following the closing of the purchase and sale, LVX Aus intends to review, on a continuous basis, various factors related to its holdings in Au Gold, including (but not limited to) the price and availability of the securities of Au Gold, subsequent developments affecting Au Gold or its business, and the general market and economic conditions. Based upon these and other factors, LVX Aus may decide to purchase or sell securities of Au Gold.

The MPSA also provides for contingent consideration of $3 per ounce of JORC- or National Instrument 43-101-compliant resources disclosed in a JORC or NI 43-101 technical report, with such amount payable in cash no later than 90 days following public disclosure of the technical report.

Luke Norman, president and chief executive officer of Leviathan, commented: "The disposal of Timor places this non-core asset in experienced, local hands via a tightly held corporate structure, thereby providing upside to Au Gold's exploration success at the property -- an area of recorded historic high-grade production. We wish Marc Blythe and his team the best of success in their programs at Timor."

Completion of the purchase and sale provided for in the MPSA is subject to the approval of the TSX Venture Exchange.

Strategic investor relations campaign

Leviathan is pleased to announce it has entered into an agreement with 1502656 B.C. Ltd., led by Nathan Nowak, to provide strategic digital media services, marketing (including awareness campaigns) and data analytical services to the company. The term of the marketing agreement is until all statements of work ordered by Leviathan are delivered, which is expected to occur by not later than Oct. 31, 2026. During the term of the marketing agreement, 1502656 B.C. will be paid cash compensation equal to $260,000. Following the end of the term, Leviathan can renew the marketing agreement for up to four successive three-month terms at a cost of $260,000 for each three-month extension. 1502656 B.C. and its principals are arm's length to the company. As of the date hereof, to the company's knowledge, 1502656 B.C. (including its directors and officers) does not own any securities of the company. 1502656 B.C. is located at 3849 154th St. Surrey, B.C., V3Z0V3, and can be reached at nate@wagnergroup.media.

About Leviathan Metals Corp.

Leviathan Metals, previously known as Leviathan Gold Ltd., is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (LVX), on the OTC (LVXFF) and in Germany (0GP).

Qualified person and data verification

The technical content of this news release has been reviewed, verified and approved by Keith Whitehouse, AusIMM (CP), exploration manager of Leviathan Gold (Australia), a qualified person as defined by NI 43-101.

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