An anonymous representative of Jadeite reports

JADEITE CAPITAL ANNOUNCES FILING OF EARLY WARNING REPORT RELATED TO ACQUISITION OF UNITS OF AURIC RESOURCES CORP.

Jadeite Capital Corp. has filed an early warning report regarding the acquisition of an aggregate of 1,937,500 units in the capital of Auric Resources Corp. in connection with an option agreement dated Nov. 23, 2022, as amended on May 19, 2023, between the company and Jadeite, pursuant to which Jadeite granted the company an option to acquire a series of mineral claims located in the province of Quebec and commonly known by the names Gosselin and Normetal South.

Prior to the completion of the acquisition, Jadeite owned and controlled 1,937,500 common shares and 1,937,500 warrants, representing approximately 7.34 per cent of the company's issued and outstanding common shares on an undiluted basis and approximately 13.68 per cent of the company's issued and outstanding common shares on a partially diluted basis. Following the completion of the acquisition, Jadeite owns and controls an aggregate of 3,875,000 common shares and 3,875,000 warrants, representing approximately 14.68 per cent of the company's issued and outstanding common shares on an undiluted basis and approximately 25.60 per cent of the company's issued and outstanding on a partially diluted basis.

The common shares were acquired for investment purposes. Jadeite has a long-term view of the investment and may acquire additional securities of the company either on the open market or through private acquisitions or sell the common shares on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

For further details relating to the acquisition, please see the report, a copy of which is available on SEDAR+, or by contacting info@jadietecapital.com or by telephone at 416-303-6460.