Mr. Brad Peters reports

PACIFIC EMPIRE CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT FINANCING

Pacific Empire Minerals Corp. has closed the second tranche of the non-brokered private placement announced on Dec. 19, 2023. Under the second tranche of the offering, the company issued 11 million common shares at a price of one cent per share, and four million flow-through shares at a price of 1.5 cents per FT share, for aggregate gross proceeds of approximately $170,000.

The proceeds of the FT shares portion of the second tranche of the offering will be used for the exploration of the company's Trident project, and the proceeds of the shares portion of the second tranche of the offering will be used for general corporate purposes and exploration of the company's properties.

In connection with the offering, the corporation has agreed to pay to Haywood Securities Inc. a commission equal to 7 per cent of the gross proceeds raised from the shares and the FT shares sold to the purchasers by the finder payable in cash and also issued the finder the number of common share purchase warrants equal to 7 per cent of the aggregate number of shares and FT shares placed by the finder. Each broker warrant will entitle the finder to purchase one common share common share at an exercise price of five cents for a period of 12 months from closing and at a price of 10 cents for the period from Jan. 16, 2025, to Jan. 16, 2027.

All securities issued in connection with the second tranche of the offering (being the shares, the FT shares and the finders' warrants) are subject to a statutory hold period expiring May 17, 2024.

About Pacific Empire Minerals Corp.

Pacific Empire is a copper exploration company based in Vancouver, B.C., and trades on the TSX Venture Exchange under the symbol PEMC. The company has a district-scale land position in north-central British Columbia totalling 22,541 hectares.

British Columbia is a "green" copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.

We seek Safe Harbor.