Ms. Nicole Brewster reports

RENFORTH PROVES 2.5KM OF GEOLOGICALLY CONTINUOUS BATTERY METALS AT VICTORIA

Renforth Resources Inc. has confirmed continuity of mineralization within a 2.5-kilometre section of the approximately 20 km Victoria multimetals zone (VMMZ), which spans the central part of the Malartic metals package. In total, Renforth has drilled 10,316 metres in 44 drill holes within the 2.5 km section, the deepest mineralized pierce point is 225 m vertical depth, which supplied the data for 3-D modelling in LeapFrog, a tool employed by Renforth's geologists to assist in planning future work, which also demonstrates the continuity of the mineralization. This has identified target areas to be followed up on. Renforth does not have a resource for disclosure in place on the VMMZ at this time.

"The 3-D model visually depicting the potential of the Victoria structure is an exciting thing to see. We have more work to do, lots of it, to prove this potential, but with the proof of continuity we now understand there is reason to continue our efforts. We are uniquely positioned in a highly prospective area, surrounded by excellent infrastructure, to define the next important polymetallic deposit in Canada," states Nicole Brewster, president and chief executive officer of Renforth.

Victoria multimetals zone

Aline Leclerc, PGeo, Renforth director, states: "The VMMZ is a clearly defined magnetic structure, approximately 20 km in length, running east/west across the centre of the Malartic metals package (formerly referred to as Surimeau), a wholly owned, approximately 300 square km, road-accessible land package, with hydro power on the property, near Malartic, Que. The VMMZ has coincident EM [electromagnetic] anomalies along its entirety, many of which have been successfully sampled on surface, which, in conjunction with historic and Renforth's own work, has proven the structure to be mineralized with an Outokumpu-style (named for a mining district in Finland where mines have a unique style of polymetallic mineralization) polymetallic package consisting of Ni/Co/Fe/Cr/Pt/Pd [nickel/cobalt/iron/chromium/platinum/palladium] in an ultramafic intertwined with a VMS [volcanogenic massive sulphide] hosting Zn/Cu/Ag/Au [zinc/copper/silver/gold]. A structure of this size, with this mineralization, is one of only a handful of identified Outokumpu-style occurrences around the world."

Approximately 20 km long VMMZ structure

The VMMZ mineralized assemblage is hosted in intercalated lenses of graphitic black shales, carbonates and calc-silicate-altered lenses of ultramafic flows which contain elevated zinc, copper and nickel sulphides. The shales are composed of deep marine sedimentary layers, interpreted to be some distance from the subsea volcanic source of the mineralization, and range in thickness from 0.5 m to several metres containing pyrite, pyrrhotite, sphalerite and chalcopyrite mineralization (Zn/Cu/Ag). The intercalated ultramafic flows and lenses range in thickness from several metres to tens of metres in thickness, and host Ni (and companion elements) mineralization throughout, generally grading in a range between 0.15 per cent and 0.3 per cent. Renforth has observed a stacking of mineralized zones, which creates multiple contact zones between the VMS shales and the ultramafic, a positive development proven in the recent drilling. In addition, this modelling exercise demonstrates that drilling should have extended further to the south, particularly in the Victoria West end of the structure, as indicated by subsequent surface samples.

Francis Newton, PGeo, OGQ, states: "Regional amphibolite grade metamorphism has affected the ultramafic flows to tremolite and, locally, carbonate, diopside and feldspar. The heat from this interaction, along with subsequent hydrothermal alteration, has mobilized the contained nickel mineralization present at the contact between volcanic flows of ultramafic composition and the graphitic mudstone. This process resulted in sulphide nickel enrichment within the contact zone calc silicate lithology. This mineralized horizon is continuous in varying widths along the length of the magnetic anomaly and, as we have seen in the 2.5 km section, is actually repeated at least three times, creating a series of stacked mineralized calc silicates separated by lenses of ultramafic bodies."

VMMZ mineralization

The mineralization within the VMMZ is described by Martin Demers, PGeo:

"Initial petrographic study work was carried out in 2021 on surface samples taken on the exposed mineralization to provide key information on the alteration and mineralization within the VMMZ. Findings conclude that the nickel mineralization is mainly hosted in pentlandite inclusions and exsolutions in pyrrhotite, no matter the volume of sulphides or the composition of alteration.

"Mineralization is strongest along the contact with the graphitic mudstone in a calc-silicate alteration zone widely identified in core logging, where metamorphic alteration concentrated the mineralization in pyrrhotite, pentlandite and occasional millerite sulphides. There is little to no olivine nor magnesium within the alteration zone, and the bulk of the nickel is sulphide hosted." Renforth intends to continue this petrographic identification work, including with recent drill core. Additionally, the company aims to initiate thorough testing for platinum and palladium. Previous testing, albeit limited to only a handful of samples, has confirmed the presence of Pt and Pd within the system.

Renforth has drilled 10,316 metres in 44 drill holes within an approximately 2.5 km of strike length on the Victoria MMZ. Most recently, in November/December, 2023, an infill program was conducted, drilling 3,575 m in 11 drill holes. This program filled gaps between prior drill holes and demonstrated continuity of mineralization. The VMMZ remains open along its length to the east and west, beyond the 2.5 km section, as well as within its width to the north and the south, and at depth below existing work. The deepest pierce point within the 2.5 km section of the VMMZ drilled is 225 m vertical depth in SUR-23-54.

Assay information

Assay data, which form the dataset for the 2.5 km area, include the following top 10 intersections (the 10th is a tie), presented with a nickel equivalent grade calculated with a formula using Ni plus Cu plus Zn plus Ag plus Co plus Fe plus Cr, additional information regarding the calculations appears below. Platinum group elements were not included in this calculation because very limited analysis for palladium and platinum has been completed, although previous testing has confirmed the presence of Pt and Pd within the system. More follow-up work is still required.

Two thousand twenty-three drill program assay highlights

The 2023 drill program holes, planned on the basis of distance in order to fill gaps in the drill pattern, bring the spacing to approximately 100 m between drill holes across the approximately 2.5 km. This program succeeded in intersecting the mineralized system in each hole, confirming the presence of at least three repetitions of mineralized zone, possibly due to multiple intrusive events.

Qualified person

The technical contents of this press release have been reviewed and approved by Mr. Newton, PGeo, OGQ. In addition, Ms. Leclerc, PGeo, and Mr. Demers, PGeo, have respectively reviewed and approved the portions of the press release attributed to them.

Technical information

The samples highlighted in this press release were all selected in the field during logging, split, bagged and tagged, and securely delivered to the facilities of ALS Laboratories in Val d'Or, Que., and assayed for multielement analysis using aqua regia.

Renforth is pleased to announce the results of its annual meeting of shareholders (AGM) held on Jan. 26, 2024, in Toronto, Canada. All resolutions were passed, including: (i) the reappointing McGovern Hurley LLP as auditor of the company for the ensuing year and authorizing the directors to fix the auditor's remuneration; (ii) the nominees listed in the management information circular dated Dec. 15, 2023, which was mailed to Renforth shareholders of record as of Dec. 12, 2023, were elected to the board of directors of the company, to hold office until the next annual meeting of shareholders or until their successors are duly appointed or elected. Those elected to the board were Ms. Brewster, Wally Rudensky, Warren Smulowitz, John Webster, Kellie Leitch, Judi Wood and Ms. Leclerc.

About Renforth Resources Inc.

Renforth is a battery metals 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 metals mineralization within the Malartic metals package and its gold deposit at Parbec are road accessible, with hydro power crossing the properties, in an established and secure mining jurisdiction which regularly ranks as top 10 (as determined by the Fraser Institute) in the world.

Renforth is engaged in the active exploration of the proven MMP battery metals mineralization, working toward a maiden resource statement, and the remodelling of its Parbec gold deposit to incorporate the approximately 15,000 m 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 Mr. Newton, PGeo, OGQ, a qualified person pursuant to National Instrument 43-101.

We seek Safe Harbor.