Mr. Jon Harris reports

PAMBILI ANNOUNCES EXTENSION OF MANAGEMENT CEASE TRADE ORDER

Further to Pambili Natural Resources Corp.'s news release dated May 25, 2023, the management cease trade order issued by the Alberta Securities Commission (ASC) on May 5, 2023, remains in effect.

The MCTO prohibits the chief executive officer and chief financial officer of the company from trading in the securities of the company until such time as it has filed the following continuous disclosure documents:

• The company's annual audited financial statements for the year ended Dec. 31, 2022, as required by Section 4.2 of National Instrument 51-102 -- Continuous Disclosure Obligations NI 51-102;
• The company's management discussion analysis for the year ended Dec. 31, 2022, as required by Section 5.1(2) of NI 51-102;
• CEO and CFO certificates relating to the audited annual financial statements, as required by NI 51-102.

The corporation is still working with its auditors and expects that the documents will be filed by June 15, 2023, and that the interim first quarter financial statements will be filed by June 23, 2023.

During this period of default, the company will continue to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 -- Management Cease Trade Orders.

Pambili confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on Nov. 29, 2022, of the company's latest interim financial reports for the period ended Sept. 30, 2022.

About Pambili Natural Resources Corp.

Pambili Natural Resources is a natural resources exploration and development company currently active in Zimbabwe and in the Canadian province of Alberta.

We seek Safe Harbor.