Mr. John Gomez reports

INOMIN ANNOUNCES REPRICING OF PRIVATE PLACEMENT

Inomin Mines Inc. has repriced its previously announced non-brokered private placement of units for gross proceeds of up to $600,000. The offering will comprise a combination of non-flow-through units (the NFT units) and flow-through units (the FT units).

The NFT units have been repriced from 7.5 cents to seven cents per NFT unit. Each NFT unit will comprise one common share of the company and one share purchase warrant. The new terms of each NFT warrant entitle the holder thereof to acquire one share of the company at a price of 13 cents for a period of 36 months from the closing date of the offering.

There is no change to the previously announced price of the FT units or their underlying securities. Each FT unit will be sold at a price of 10 cents per FT unit. Each FT unit will be comprise one share and one share purchase warrant. Each FT warrant will entitle the holder thereof to acquire one share of the company at a price of 15 cents for a period of 24 months from the closing date of the offering.

Inomin intends to use the gross proceeds raised from the offering for exploration and related programs on the company's mineral properties including drilling at the Beaver-Lynx project in south-central British Columbia where the company has made a significant critical minerals discovery. The proceeds from the issue and sale of the NFT units will also be used for general working capital purposes.

The entire gross proceeds from the issue and sale of the FT units will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the Tax Act, and flow-through mining expenditures as defined in Subsection 127(9) of the Tax Act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2024, and renounced with an effective date no later than Dec. 31, 2023, to the initial purchasers of FT units.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

About Inomin Mines Inc.

Inomin is focused on the identification, acquisition and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX Venture Exchange under the symbol MINE.

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