Mr. Dean Hanisch reports

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

Further to Mandeville Ventures Inc.'s news release dated March 1, 2024, it has again agreed with Sumer Resources Inc. to extend the period for the completion of due diligence and the negotiation and execution of a definitive agreement in respect of the parties' proposed business combination, to June 28, 2024. The extension is intended to allow Sumer additional time to raise additional equity capital and progress matters required for public listing.

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.