Mr. Patricio Varas reports

NORDEN CROWN ANNOUNCES SHARE CONSOLIDATION EFFECTIVE DATE AND UPDATES TO THE PREVIOUSLY ANNOUNCED SHARES FOR DEBT TRANSACTION AND NON-BROKERED EQUITY FINANCING

Norden Crown Metals Corp. has received approval from the TSX Venture Exchange to complete the consolidation of the issued and outstanding common shares of the company on the basis of 10 existing common shares for one new consolidated common share and to complete its previously announced shares for debt transaction. The company has determined not to proceed with its previously announced non-brokered private placement at this time.

Consolidation

Further to its news release of Feb. 7, 2024, the company has received TSX-V approval to complete the consolidation. The consolidation will be effective at market open on May 10, 2024. The company will not change its name as part of the consolidation but will issue new share certificates under a new Cusip number.

The company's common shares will continue to trade on the TSX-V under its current symbol, NOCR.

Shares for debt

Following TSX-V's acceptance of the shares for debt transaction, the company announces that the final number of shares to be issued has been reduced to 30,111,286 preconsolidation common shares to settle an aggregate of $903,338.69 of debt owed by the company to persons for certain past services rendered and amounts advanced, as applicable, to the company by the creditors.

The debt shares will be issued as of the effective date at a deemed price of three cents per preconsolidation common share, or 30 cents per postconsolidation common share. All securities issued under the shares for debt transaction are subject to a four-month hold period from the date of issuance. The issuance of debt shares will facilitate an immediate reduction in the aggregate amount of debt owed by the company. No new control person (as such term is defined in TSX-V Policy 1.1) will be created as a result of the issuance of the debt shares.

Private placement

The company also wishes to advise investors that, due to unfavourable market conditions, the company will not be proceeding with the previously announced private placement at this time.

About Norden Crown Metals Corp.

Norden Crown is a mineral exploration company focused on the acquisition of base metal and precious metal mining projects in historical mining districts within safe and progressive mining jurisdictions. The company aims to discover new economic mineral deposits in known mining districts that have seen little or no modern exploration. The company is led by an experienced management team and an accomplished technical team, with successful records in mineral discovery, mining development and financing.

We seek Safe Harbor.