Mr. Jeremy Wright reports

PORTOFINO ANNOUNCES NEW DIRECTOR AND INTERIM CEO

Portofino Resources Inc. has appointed Rodney Campbell to its board of directors and to the role of interim chief executive officer. Concurrent with Mr. Campbell's appointment, David Tafel has resigned from the company's board of directors and his role as president and CEO. Mr. Tafel will continue to be involved with the company as a strategic adviser.

Mr. Campbell is a seasoned professional with extensive expertise in financial services and the energy sector. He previously served as a financial adviser at BMO Nesbitt Burns, where he developed strong client relationships and an in-depth knowledge of the finance industry. Complementing this, Mr. Campbell brings 17 years of hands-on experience in the oil and gas sector, during which he oversaw procurement and fuel business development for leading companies, including Encana, Apache Corp., Canadian Hunter Exploration, Elbow River Resources, ERS and MP Energy. Mr. Campbell currently serves as a director of Hi-View Resources Inc. and American Salars Lithium Inc.

Mr. Campbell commented: "I am excited to join Portofino and work with the team to unlock the value of its portfolio of projects, and,. on behalf of the board, I would like to personally thank Mr. Tafel for his significant efforts and valuable contributions through a time of extreme turbulence in the critical and precious metals commodity cycles. It has been a period of unprecedented upheaval for issuers and investors alike, and I look forward to building on Mr. Tafel's efforts with the company's potentially high-grade Yergo lithium project located nine km from Zijin's production-stage 3Q project in Catamarca (Argentina), and the South of Otter project also located nine km east of Kinross's development-stage Great Bear project near Red Lake (Ontario, Canada)."

The continuing directors of the company are Mr. Campbell, Jeremy Wright, Stephen Wilkinson and Brian Crawford.

About Portofino Resources Inc.

Portofino, based in Vancouver, Canada, is a company focused on exploring and developing mineral resource projects in the Americas. Portofino holds a 100-per-cent interest in the (drill-ready) Yergo lithium project in Catamarca, Argentina, situated in the heart of the world-renowned Argentine Lithium Triangle.

The company also holds a 100-per-cent interest in two gold exploration projects located within Northwestern Ontario, Canada, including the drill-ready South of Otter Red Lake gold project, and the Gold Creek Thunder Bay project, which has been optioned to Delta Resources Ltd.

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