Mr. Nelson Baker reports

MINERAL MOUNTAIN TO ANNOUNCE NEW STRATEGIC PLANS TO AGGRESSIVELY ADVANCE ITS ROCHFORD GOLD PROJECT AND THE CLOSING OF FIRST TRANCHE FINANCING

Mineral Mountain Resources Ltd. has discussions under way with a potential new management team with a record of several gold discoveries. This team is currently reviewing finance, personnel and exploration strategies. In addition, this team has recently met with the board and clearly demonstrated that it has the capabilities from board level through technical/geological expertise to back office and support.

The company also wishes to announce that, subject to acceptance for filling of the final documentation by the TSX Venture Exchange, it has closed the first tranche of its non-brokered unit private placement previously announced on March 1, 2023, and it has issued 3,657,510 units of the company at a price of 10 cents per unit to raise gross proceeds of $365,751.

Each unit consists of one common share in the capital of the company and one common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of 25 cents per share for a period of 12 months from the date of issuance.

The securities issued pursuant to the private placement are subject to applicable statutory resale restrictions, including a hold period expiring on Sept. 13, 2023, pursuant to applicable Canadian securities laws.

A finder's fee of 7 per cent was paid to arm's-length third parties on a portion of the private placement.

The company intends to use the net proceeds raised from the offering specifically for a 9,000-metre drill program on its flagship Standby property in the Rochford district of South Dakota, United States, together with additional continuing exploration in the Rochford district, BLM (Bureau of Land Management) drill permitting on several high-priority targets, and for general working capital purposes.

Nelson W. Baker, president and chief executive officer, commented, "This new management team brings Mineral Mountain a perfect complement of world-class discovery experience from early-stage exploration to target development, and it will provide us access to the much needed finances required to advance our unique Rochford gold project."

We seek Safe Harbor.