An anonymous director reports

MARITIME ANNOUNCES CLOSING OF THE FINAL TRANCHE OF ITS NON-BROKERED PRIVATE PLACEMENT OF UNITS

Maritime Resources Corp. has closed the final tranche of its previously announced non-brokered private placement of four million units at a price of four cents per unit for aggregate gross proceeds of $160,000. Each unit comprises one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one share at a price of seven cents per warrant share until Aug. 14, 2026. The warrants are governed by the terms of a warrant indenture entered into between the company and Computershare Trust Company of Canada, as warrant agent, dated as of Aug. 14, 2023. Completion of the offering is subject to the final approval of the TSX Venture Exchange.

In connection with the offering, the company paid a cash commission of $3,600 to a finder for certain subscriptions and issued broker warrants of the company, exercisable at any time prior to the warrant expiry date to acquire up to 90,000 shares at the exercise price.

The net proceeds of the offering will be used to finance general and working capital purposes.

All securities issued pursuant to the offering are subject to a hold period of four months plus a day from the date of issuance prescribed by the exchange and the resale rules of applicable securities legislation.

About Maritime Resources Corp.

Maritime holds a 100-per-cent direct interest, subject to option agreements entitling it to earn a 100-per-cent ownership, in the Green Bay property in Newfoundland and Labrador. This includes the former Hammerdown gold mine, the Orion gold project and the Whisker Valley exploration project, all located in the Baie Verte mining district near the town of King's Point. The company also owns the Point Rousse project and the gold processing circuit at the Nugget Pond mill, both near the town of Baie Verte. In Quebec, Maritime owns the Lac Pelletier gold project near the city of Rouyn Noranda.

We seek Safe Harbor.