Mr. Tim Heenan reports

MIRASOL RESOURCES ANNOUNCES PRIVATE PLACEMENT FINANCING

Mirasol Resources Ltd. is arranging a non-brokered private placement financing of up to four million units at a price of $1.25 per unit for aggregate gross proceeds of $5.0-million. Each unit will comprise one common share and one-half of one non-transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $1.70 for a period of 12 months from closing of the offering.

The net proceeds of the offering will be used to further Mirasol's successful exploration programs and for general corporate purposes. Finders' fees may be payable on a portion of the offering. The shares issued under the offering will be subject to a four-month hold period. The offering is subject to customary closing conditions, including approval from the TSX Venture Exchange, and is expected to close on or about May 31, 2023.

About Mirasol Resources Ltd.

Mirasol is a well-financed exploration company with 18 years of operating, permitting and community relations experience in the mineral-rich regions of Chile and Argentina. Mirasol controls 100 per cent of the high-grade Virginia silver deposit in Argentina and is currently self-financing exploration at two flagship projects, Sobek and Inca Gold, both located in Chile. Mirasol also continues to advance a strong pipeline of highly prospective early and mid-stage projects.

We seek Safe Harbor.