An anonymous director of Oaklin Capital reports

EARLY WARNING PRESS RELEASE IN ACCORDANCE WITH NATIONAL INSTRUMENT 62-103

Oaklin Capital Ltd. (the acquirer) has disposed of 454,500 common shares of Miata Metals Corp. for aggregate consideration of $14,134.95 pursuant to a private share sale transaction and 500,000 common share purchase warrants of the issuer for nominal consideration pursuant to a private warrant transfer transaction. Each warrant entitles the holder to purchase one additional common share of the issuer at an exercise price of 10 cents per share until Nov. 30, 2027. Four hundred fifty thousand of the warrants (the escrowed warrants) will remain subject to a National Policy -- Escrow Policy for Initial Public Offerings (NP 46-201) escrow agreement NP 46-201F1 dated June 30, 2023, between the issuer, Odyssey Trust Company as the escrow agent and certain securityholders of the issuer. The transfer of such escrowed warrants is considered a permitted transfer within escrow in accordance with the requirements of Section 5.1 of the escrow agreement.

Immediately prior to the share sale and warrant transfer, the acquirer owned and/or had control over an aggregate of 3.03 million shares, representing approximately 11.42 per cent of the issued and outstanding shares of the issuer on an undiluted basis. In addition, the acquirer also owned and/or had control over 500,000 warrants, representing approximately 13.06 per cent of the total issued and outstanding shares of the issuer on a partially diluted basis. Following completion of the share sale and warrant transfer, the acquirer owns, or has control or direction over, directly or indirectly, 2,575,500 shares and zero warrants, representing approximately 9.71 per cent of the issued and outstanding shares of the issuer on an undiluted basis.

The acquirer may acquire additional securities or dispose of securities of the issuer in the future, either on the open market, privately or otherwise, depending on market conditions, reformulation of plans, other available investment business opportunities and/or other relevant factors.

For further information or to receive a copy of the early warning report filed by the acquirer with securities regulatory authorities in Canada in connection with this press release, please contact the acquirer at 604-689-6041 or refer to the issuer's SEDAR+ profile.