Mr. Frazer Bourchier reports

MANDALAY RESOURCES PROVIDES TARGET RELEASE DATE FOR ITS FIRST QUARTER 2025 FINANCIAL RESULTS AND CONFERENCE CALL

Mandalay Resources Corp.'s first quarter 2025 financial results will be released after the market close on May 7, 2025, followed by a conference call and webcast for investors and analysts on May 8, 2025, at 10 a.m. Toronto time.

Interested investors and analysts may register and dial in using a dial-in link.

Alternatively, the webcast and presentation slides may be accessed using a webcast link.

About Mandalay Resources Corp.

Mandalay is a Canada-based natural resource company with producing assets in Australia (the Costerfield gold-antimony mine) and Sweden (the Bjorkdal gold mine). The company is focused on growing its production and reducing costs to generate significant positive cash flow. Mandalay is committed to operating safely and in an environmentally responsible manner, while fostering strong community and employee engagement.

Mandalay's mission is to create shareholder value through profitable operations and successful organic exploration at its Costerfield and Bjorkdal mines, while actively evaluating accretive and non-dilutive inorganic growth opportunities. At Costerfield, the company focuses on mining the high-grade Youle and Shepherd veins, while expanding near-mine and regional mineral resources and reserves. At Bjorkdal, the goal is to enhance production from the eastern extension area and other higher-margin zones, such as the north zone, to optimize profitability in the coming years.