Mr. Andrew Thomson reports

NEWORIGIN ANNOUNCES SECOND CLOSING OF THE KINEBIK SALE

Neworigin Gold Corp. has closed the sale of the remaining Kinebik mineral claims to O3 Mining Inc., as further described in news releases of the company dated June 13 and May 17, 2023.

A resolution approving the second closing was passed by 91.64 per cent of the votes cast by disinterested shareholders at the annual general and special meeting of shareholders of the company held on Dec. 8, 2023. Neworigin has completed the second closing by transferring 166 mining claims, being the balance of the Kinebik mineral claims to O3 for consideration of 58,935 common shares of O3. Pursuant to the second closing, Neworigin will have no further interest in the property. The shares issued pursuant to the second closing are subject to a statutory four-month-and-one-day hold period in accordance with applicable Canadian securities laws.

The second closing, as further described in news releases of the company dated June 13 and May 17, 2023, constitutes a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 (which incorporates Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions), as O3 is a related party of the company by virtue of being a holder of more than 10 per cent of the outstanding common shares of the company.

About Neworigin Gold Corp.

Neworigin Gold is a Canadian exploration company focused on drill discovery at its gold projects in the Canadian Shield. Neworigin's management and board have extensive experience in the delineation and development of gold deposits. Company shareholders include O3 Mining and Osisko Mining Inc. Neworigin Gold trades on the TSX Venture Exchange under the ticker NEWO.

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