Mr. Joseph Ovsenek reports

P2 GOLD BAM UPDATE

P2 Gold Inc. has completed the first two drill holes, and the 2023 mapping and sampling program, at its gold-copper BAM project located in the Golden Triangle of northwest British Columbia.

"We have completed drilling our priority exploration targets beneath the Monarch gold and Jan copper zones," commented Joe Ovsenek, president and chief executive officer of P2. "However, due to market conditions, additional flow-through funding expected in early July did not materialize. As a result, we have stopped drilling and demobilized the drill while we wait for assays. We plan to return to BAM when funding is available to follow up on the completed drill holes, and drill the remaining priority drill targets and other targets identified from this year's exploration program."

With the completion of the two drill holes and the mapping and sampling program, exploration crews will demobilize from BAM in the coming week. Assays from the drill program are expected to be received in August.

About P2 Gold Inc.

P2 Gold is a mineral exploration and development company focused on advancing precious metals and copper discoveries and acquisitions in the Western United States and British Columbia.

We seek Safe Harbor.