Ms. Nicole Brewster reports

RENFORTH INTERSECTS SURFACE BATTERY METALS MINERALIZATION IN LALONDE CHANNELING

Channels cut within the three stripped trenches at Lalonde, which are being undercut in Renforth Resources Inc.'s current drill program, have intersected surface battery metals mineralization as measured in the field and confirmed by the assay laboratory.

In addition to this, Renforth wishes to advise shareholders that three drill holes, Prop5 (SUR-22-30), Prop4 (SUR-22-31) and Prop2 (SUR-22-31), have been completed at Lalonde in the continuing Surimeau drill program, successfully intersecting the surface mineralization in the undercutting drill hole. Each hole drilled starting in the sediments to the north, drilled through the mineralized/ultramafic package to the point of contact with the sediments in the south. As each hole intersected the complete package, a second southern or undercut hole was not required (as previously planned), therefore, those metres will be used to the east, based upon the analysis of the 2021 geophysical survey data which Renforth has just received.

Nickel values in trenching

In each of the three trenches stripped at Lalonde, one channel was cut and sampled, when accessible. Unfortunately, sample gaps occur in trench 9, within the best mineralized zone, potentially artificially breaking up the mineralized interval due to access issues, namely flooding with water, making it impossible to obtain samples.

It is Renforth's interpretation that, in each of the three channels cut within the trenches that are perpendicular to the magnetic anomaly at Lalonde, each surface mineralized shoulder of the anomaly was intersected, successfully yielding ultramafic nickel mineralization.

Geophysical analysis

Renforth commissioned an analysis and interpretation of the geophysical data obtained during the airborne survey which Renforth flew over the Victoria mineralized system and a portion of the Lalonde mineralized system. One of the products of this analysis was a conductivity map, showing conductive anomalies within the overall magnetic anomaly at Victoria and Lalonde. This sort of analysis is interesting as, for example, copper is conductive but not magnetic, the magnetic anomaly that stretches over approximately 20 kilometres at Victoria, and approximately nine km at Lalonde, depicts the ultramafic intrusive, which the company knows to be carrying nickel/cobalt and some amount of platinum group elements. Additionally, while nickel is conductive, it is much less conductive than copper, thus it is reasonable to assume that copper would perform better in an analysis of conductivity. Within the location of the ultramafic Renforth does see a graphitic shale that is copper-/zinc-bearing, along with calc-silicate alteration carrying the same mineralization, however, as the magnetic anomaly does not reflect these structures, there is potential that the conductivity map does. Renforth will be testing this hypothesis.

The receipt of information regarding the stripping (at Victoria and Lalonde) and the drilling (at Victoria) to date relative to the conductive anomalies, along with the proposed drill holes, has caused Renforth's geologists to modify planned, and to add, drill holes targeting the conductive anomaly. It is interesting to note that the stripping, and a lot of the drilling, to date at both Victoria and Lalonde, all of which intersected the ultramafic and some amount of nickel mineralization, has largely missed the conductive anomalies.

Lalonde detail

As the conductivity anomaly is strongest where the road intersects Lalonde, this suggests that the stripping and drilling to date was too far west, with regard to conductivity and potential copper mineralization. However, despite the lack of a conductive anomaly, nickel mineralization has been intersected on surface and in drill holes in the area worked. As Renforth works at Lalonde, which has little to almost no useful historical information to guide exploration, it is becoming clear that while the mineralization is very similar to Victoria it is not identical, with possibly more copper/zinc intersected in the current drilling than at Victoria.

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, OGQ, a qualified person pursuant to National Instrument 43-101.

About Renforth Resources Inc.

Renforth is focused on Quebec's newest battery metals district, its wholly owned approximately 330-square-kilometre Surimeau district property, which hosts several known areas of polymetallic battery metals mineralization, each with various levels of exploration, as well as a significant amount of unexplored ground. Victoria West has been drilled over a strike length of 2.2 km, within a five km long mineralized structure, proving nickel, copper, zinc and cobalt mineralization, in the western end of a 20 km magnetic anomaly. The Huston target, during initial reconnaissance, resulted in a grab sample grading 1.9 per cent nickel, 1.38 per cent copper, 1,170 parts per million cobalt and four grams per tonne silver. Additionally, the Lalonde, Surimeau and Colonie targets are all polymetallic mineralized occurrences which, along with various gold showings, comprise the areas of potential of this net-smelter-return-free property.

In addition to the Surimeau district battery metals property Renforth wholly owns the Parbec gold deposit, a surface gold deposit contiguous to the Canadian Malartic mine property in Malartic, Que. In 2020/2021 Renforth completed 15,569 metres of drilling which successfully twinned certain historic holes, filled in gaps in the resource model with newly discovered gold mineralization and extended mineralization deeper. Based upon the success of this significant drill program the company considers the spring 2020 mineral resource estimate, with a resource estimate of 104,000 indicated ounces of gold at a grade of 1.78 g/t Au and 177,000 inferred ounces of gold at a grade of 1.78 g/t Au, to be out of date. With the new data gained Renforth will undertake to complete the first ever structural study of the mineralization at Parbec, as well as additional total metallic assay work in order to better contextualize the nugget effect on the gold mineralization.

Renforth also holds the Nixon-Bartleman property, west of Timmins, Ont., with gold present on surface over a strike length of approximately 500 m.

We seek Safe Harbor.