Mr. Gary Musil reports

MACLAREN MINERALS COMPLETES INITIAL PUBLIC OFFERING AND LISTS ON THE CANADIAN SECURITIES EXCHANGE

On Oct. 18, 2023, Maclaren Minerals Ltd. completed its initial public offering (IPO) of 3.5 million common shares in its capital at a price of 10 cents per share for gross proceeds of $350,000.

The net proceeds from the IPO will be used for working capital purposes, for general and administrative purposes, to carry out exploration on the Boer property located in the Omenica mining district in the Interior Plateau of British Columbia, and to make payments pursuant to the option agreement in respect of the Boer property.

Haywood Securities Inc. acted as agent for the IPO. The agent received a cash commission equal to 10 per cent of the gross proceeds of the IPO and a corporate finance fee, which included the issuance of 105,000 shares to the agent at a deemed price of 10 cents per share. Additionally, the company granted the agent, and its selling group, non-transferable compensation options entitling the holder(s) to purchase an aggregate of 350,000 shares at a price of 10 cents per share, exercisable on or before Oct. 18, 2025.

The shares are expected to commence trading on the Canadian Securities Exchange on Oct. 19, 2023, under the symbol MRN.

About Maclaren Minerals Ltd.

Maclaren Minerals is engaged in mineral exploration and the acquisition of mineral assets in North America. Its principal property is the Boer property located in the Omineca mining district in the Interior Plateau of British Columbia. The 1,586.96-hectare property is a polymetallic occurrence which may be indicative of a larger system that is not exposed at surface.

We seek Safe Harbor.