Ms. Nicole Brewster reports

DRILL PROGRAM CONCLUDES DELIVERING SOME OF THE BEST VISUAL MINERALIZATION IN NEW DRILLING WEST OF STRIPPED AREA

Renforth Resources Inc. has provided an update on the completed drill program on the Victoria mineralized system, which stretches over approximately 20 kilometres of strike length across the centre of its wholly owned 330-square-kilometre Surimeau property, located near Malartic, Que. The program finished with 11 holes drilled in approximately 3,500 metres of drilling, with each hole intersecting the mineralized package, demonstrating its consistency at greater depths, which has resulted in an improved tenor of mineralization.

Samples have been taken from each hole and submitted to the lab for assaying of the polymetallic package; results will be released once received, in the new year. The second-last hole drilled in the program was located as planned, approximately 150 metres west and 265 metres north of the western end of the stripped area at Victoria. This hole is located within a gap in the drill footprint -- SUR-23-56. Once drilled, this hole delivered some of the best mineralization seen in any hole at Surimeau, as assessed visually and confirmed with an XRF (X-ray fluorescence) and intersected the northern mineralized horizon seen farther to the east but not anticipated in this location. For this reason, planned hole No. 4 was discarded as it would miss or be collared in the northern mineralized horizon due to being too far south, and, due to wet ground conditions farther to the west, it was decided to finish the drill program with an undercut (SUR-23-57) of the best hole. This undercut successfully intersected the mineralized zones farther down dip, with a separation of approximately 50 metres down dip between the pierce points -- a good place to stop the drill program.

This drill program brings the total metres drilled within the approximately two kilometres of strike within the central Victoria area to 10,000 metres, with the most recent holes generally being deeper. Observation of the newest core concludes that the Surimeau mineralized assemblage is hosted in intercalated lenses of graphitic black shales and lenses of ultramafic flows, which contain elevated zinc, copper and nickel sulphides. The shales comprise deep marine sedimentary layers, likely representing a distal VMS (volcanogenic massive sulphide) environment and range in thickness from 0.5 metre to several metres containing pyrite, sphalerite and chalcopyrite mineralization. The intercalated ultramafic flows and lenses range in thickness from several metres to tens of metres in thickness and host nickel mineralization throughout, generally grading in a range between 0.15 per cent to 0.3 per cent. Thicker or wider zones are probably caused by structural duplication, resulting in a stacking of mineralized zones, apparent in recent drilling.

Zinc and, to a lesser extent, copper sulphides have been remobilized and concentrated in the sedimentary shale layers into coarse disseminations, clots, nodules and occasionally into bands of semi-massive accumulations. The interaction between the sediment and ultramafic units often forms a calc-silicate contact alteration zone, where there is in enrichment of sulphides. Nickel tends to achieve higher concentrations here than in the ultramafics as it is drawn from the large ultramafic bodies into a calc-silicate contact alteration zone. At this time, Renforth is simplifying the Surimeau lithological picture to consist of the graphitic black shale, intercalated ultramafic flows and lenses subject to varying degrees of alteration, and the calc silicate contact zone between the two, with the mineralized package sitting within the Pontiac sediments.

Financing

Renforth has repriced the private placement within the context of the market; the common share units are priced at 2.6 cents per unit, comprising a common share and a purchase warrant exercisable for 24 months at five cents to purchase an additional common share, and flow-through units at three cents per unit, comprising a flow-through share and one-half of a purchase warrant, with a whole warrant exercisable into an additional common share at an exercise price of five cents for 18 months.

Emerging Growth

Renforth will be presenting on Dec. 7, 2023, at 1:45 p.m. ET.

About Renforth Resources Inc.

Renforth is a battery metal area play with the dominant brownfield land position south of the world-class Cadillac/Larder Lake fault (CLLF) in the prolific Cadillac and Malartic mining camps of Quebec's Abitibi. Offering exposure to gold, zinc, nickel, copper, cobalt and more, including lithium, Renforth's land position encompasses several areas of interest.

Renforth's position is unique in that both the battery metal mineralization at Surimeau and the company's gold deposit at Parbec are road accessible, with hydro power crossing the properties, in an established and secure mining jurisdiction that regularly ranks as Top 10 (as determined by the Fraser Institute) in the world.

Renforth is engaged in the active exploration of the proven Surimeau battery metal mineralization, working toward a maiden resource statement and the remodelling of the company's Parbec gold deposit to incorporate the approximately 15,000 metres drilled subsequent to the 2019 effective date of the last mineral resource estimate.

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

We seek Safe Harbor.