Mr. Saf Dhillon reports

QUESTCORP MINING INC. COMPLETES INITIAL PUBLIC OFFERING AND LISTS ON THE CANADIAN SECURITIES EXCHANGE

Questcorp Mining Inc. has completed its initial public offering pursuant to an amended and restated prospectus dated Sept. 13, 2023, in which it issued an aggregate of five million common shares of the company at a purchase price of 10 cents per common share. This generated aggregate gross proceeds of $500,000.

Canaccord Genuity Corp. acted as agent on a commercially reasonable efforts basis in respect of the offering and received a cash commission equal to 10 per cent of the gross proceeds and a corporate finance fee. In addition, Questcorp issued 500,000 non-transferable agent warrants, with each agent warrant exercisable for one common share for a price of 10 cents until Dec. 12, 2025.

Proceeds of the offering will be applied to finance the company's exploration work and for working capital purposes.

Questcorp's common shares were listed on the Canadian Securities Exchange on Dec. 11, 2023, and are expected to commence trading on or about Dec. 13, 2023, under the trading symbol QQQ.

About Questcorp Mining Inc.

Questcorp Mining is engaged in the business of the acquisition and exploration of mineral properties in Canada. The company holds an option to acquire an undivided 100-per-cent interest in and to mineral claims totalling 1,168.09 hectares comprising the North Island copper property on Vancouver Island, British Columbia, subject to a royalty obligation. The company's secondary objective is to locate and develop economic precious metal and base metal properties of merit.

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