Mr. Kirk Exner reports

AMEGO ANNOUNCES COMPLETION OF NON-BROKERED PRIVATE PLACEMENT OF SHARES

Amego Capital Corp., further to its news release dated Nov. 3, 2023, has completed the non-brokered private placement upon the sale and issuance of 1,916,152 common shares in the capital of the company, at 28 cents per share, for aggregate proceeds of $536,522.56.

Three insiders of the company purchased an aggregate 840,000 shares under the offering. The insiders' participation constitute a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Securityholders in Special Transactions. Such transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person exceeds 25 per cent of the company's market capitalization. The company did not file a material change report 21 days prior to the closing of the offering as the details relating to the participation of the insiders were not settled until shortly prior to the closing of the offering. Further information regarding the offering will be provided in a material change report to be filed by the company.

Amego is a capital pool company (CPC), as defined under the policies of the TSX Venture Exchange. The net proceeds of the offering will be used to finance continuing activities relating to the identification and negotiation of a suitable qualifying transaction, as defined under the policies of the TSX-V.

All securities issued in connection with the offering are subject to a statutory hold period of four months plus a day from the date of issuance. In addition, all shares issued to the insiders will be subject to an 18-month postqualifying transaction escrow release schedule in accordance with applicable securities legislation and the policies of TSX-V.

About Amego Capital Corp.

Amego is publicly listed on the TSX-V under the symbol MEGO.P. Amego was formed as a capital pool company in accordance with policies of the TSX-V.

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