Mr. Armen Chilian reports

METALORE ANNOUNCES RESULTS OF AGM

Metalore Resources Ltd. has released the results of its recent annual general meeting of shareholders (AGM), which was held on Sept. 30, 2023.

A total of 1,233,989 common shares (69.52 per cent of the votes attached to all outstanding common shares as at the record date) were represented at the AGM. All the matters submitted to the shareholders for approval as set out in the company's notice of meeting and information circular dated Sept. 1, 2023, were approved by the requisite majority of votes cast at the AGM.

Shareholders approved setting the size of the board to five directors as follows: Armen Chilian, Donald Bryson, Timothy Cronkwright, Bruce Davis and John McVicar. Following the AGM, the board appointed Armen Chilian as president and chief executive officer and Donald Bryson as chief financial officer.

About Metalore Resources Ltd.

Metalore has produced natural gas from its southwestern Ontario operations since 1964. Revenues generated from natural gas sales have enabled the company to explore Northwestern Ontario for gold, copper, zinc, lithium, PGEs (platinum group elements) and diamonds without dilution to its share structure.