Mr. David Tafel reports

PORTOFINO ANNOUNCES AGM RESULTS

All management resolutions proposed in Portofino Resources Inc.'s management proxy circular (dated May 4, 2023) were approved by shareholders at its annual general meeting held Wednesday, June 14, 2023, including:

1. The number of directors for the company was set at four.
2. The four members elected to the board of directors include: David Tafel, Stephen Wilkinson, Brian Crawford and Kenneth Cawkell.
3. Manning Elliott LLP, chartered accountants, was reappointed as auditor of the company for the ensuing year.
4. The company's 10-per-cent rolling stock option plan was approved.

Upon conclusion of the formal part of the meeting, management also provided a brief update to shareholders on corporate activities. A summary of that update will follow within the next few days.

About Portofino Resources Inc.

Portofino is a Vancouver-based Canadian company focused on exploring and developing mineral resource projects in the Americas. Portofino has an opportunity to earn a majority interest in multiple lithium projects in Salta, Argentina, and up to 100 per cent of the Yergo lithium property in Catamarca. The properties are situated in the heart of the world-renowned Argentine Lithium Triangle and in close proximity to multiple world-class lithium projects. The company also has the right to earn a 100-per-cent interest in three Northwestern Ontario, Canada, lithium projects: Allison Lake North, Greenheart Lake and McNamara Lake.

Portofino's South of Otter and Bruce Lake projects are in the historic gold mining district of Red Lake, Ont., Canada, proximal to the Dixie gold project discovered by Great Bear Resources and owned by Kinross Gold Corp. In addition, Portofino holds three other Northwestern Ontario gold projects: the Gold Creek property, located immediately south of the historic Shebandowan mine, as well as the Sapawe West and Melema West properties located in the rapidly developing Atikokan gold mining camp.

We seek Safe Harbor.