Mr. Dean Hanisch reports

MANDEVILLE VENTURES PROVIDES UPDATE ON PROPOSED QUALIFYING TRANSACTION WITH SUMER RESOURCES INC.

Mandeville Ventures Inc. has extended the period for the completion of due diligence, and the negotiation and execution of a definitive agreement in respect of its proposed business combination with Sumer Resources Inc. announced on June 13, 2023, by 30 days, to Oct. 2, 2023.

In accordance with the policies of the TSX Venture Exchange, the Mandeville shares are currently halted from trading and will remain halted until such time as the TSX-V determines, which, depending on the policies of the TSX-V, may not occur until completion of the proposed transaction.

Completion of the proposed transaction is subject to a number of conditions, including, but not limited to, TSX-V acceptance and, if applicable, pursuant to exchange requirements (as that term is defined in the policies of the TSX-V), majority of the minority shareholder approval. Where applicable, the proposed transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the proposed transaction will be completed as proposed or at all.