Mr. Vern Rampton reports

SUTHERLAND RESIGNS AS DIRECTOR OF MAYO LAKE MINERALS INC

Mayo Lake Minerals Inc.'s Tyrell Sutherland has resigned as a director, effective immediately, in order to accommodate demands on his time, in combination with the company's planned realignment of its board in contemplation of its merger with WestMountain Gold Inc., as announced on Aug. 17, 2023.

Mr. Sutherland will remain in the position of vice-president, exploration, before transitioning to a role as special adviser at a yet-to-be-determined date. The board of directors would like to thank Mr. Sutherland for his long-time service as a director, and wishes him all the best in his future business endeavours and personal life.

About Mayo Lake Minerals Inc.

Mayo is actively engaged in the exploration and development of five precious metal projects in the Tombstone gold (plutonic) belt of the Tintina gold province. The projects cover 244 square kilometres in the Yukon's Mayo mining district and lie within the traditional territory of the Na-Cho Nyak Dun First Nation. Mayo is presently focusing on its two significant properties: the Carlin-Roop silver project lying within the Keno Hill silver district and the Anderson-Davidson gold property. Two active mines, the Victoria Gold's Eagle gold mine and Hecla Mining's Keno silver mine, are nearby.

On Aug. 17, 2023, the company announced its intentions to merge with WestMountain Gold, which has reported a National Instrument 43-101-compliant resource of high-grade gold of: indicated -- 435,360 ounces at 12.1 grams per tonne (g/t) gold (Au); and inferred -- 267,943 ounces and 10.6 g/t Au in the Alaskan part of the Tintina gold province.

A summary of the planned merger can be found at the company's website.