Mr. Stephen Stewart reports

MISTANGO ANNOUNCES CLOSING OF GOLDIE EXPANSION PROJECT

Mistango River Resources Inc. has closed its previously announced acquisition of the 100-per-cent-owned Goldie expansion project. The project consists of 350 claim units covering over 7,447 hectares that extend the Goldie project over a total of 89 square kilometres along the Shebandwan greenstone trend. The Goldie expansion is contiguous to Mistango's existing Goldie project and Delta Resources Ltd.'s Delta 1 project and straddles the Trans-Canada Highway.

About the Goldie project

Goldie is within the Shebandowan greenstone belt, which also hosts Goldshore Resources Inc.'s low-grade, high-tonnage Moss Lake gold deposit, 50 kilometres to the west. Goldie is also adjacent to Delta Resources' Delta 1 gold property.

The Goldie claims are located on the southern contact of the Timiskaming-type Shebandowan assemblage with the metavolcanics (felsic to ultrabasic) of the older Greenwater assemblage. The local geology consists of intercalated marine sediments (greywackes, arenites and shales) cut by trachyte to trachyandesite low-level dikes or sills. Previous exploration programs have referred to the trachytes as syenites. Gold mineralization is usually found in the volcanics associated with silicification, quartz veins or stringers, and cubic pyrites. Associate alteration minerals are chlorite and ankerite as indicated by previous work.

The company acquired the interest in the Goldie expansion project pursuant to a mining property acquisition agreement dated May 1, 2023, between the company and arm's length vendors. As consideration for the interest in the Goldie expansion project, the company issued three million common shares and 1.5 million warrants with an exercise price of 10 cents for a period of two years. The company also paid a $50,000 cash payment on the closing of the acquisition. The Goldie expansion is royalty-free except for two claims, which have a 1-per-cent net smelter return with a right to buy back three-quarters thereof.

Qualified person statement

The technical information in this news release has been reviewed and approved by Jared Beebe, PGeo and geo, a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. In addition, the vendor analyzed the mineralized intervals reported in this news release. Although all the certificates are available for the reported intersections, Mistango is only considering these results to indicate the presence of significant mineralization and will implement a comprehensive quality assurance/quality control program in its sampling programs.

About Mistango River Resources Inc.

Mistango is a Canadian-based exploration and development company focused on its Kirkland Lake West and Omega projects in the Kirkland Lake district of Ontario's Abitibi greenstone belt. The company is listed on the Canadian Securities Exchange (CSE) under the symbol MIS.

We seek Safe Harbor.