Ms. Nicole Brewster reports

RENFORTH SUBMITS VICTORIA SAMPLES FOR PGE ASSAY, COMMENCES ADDITIONAL PETROGRAPHIC WORK

Renforth Resources Inc.'s geologists have returned from the field after completing some follow-up fieldwork on the company's Victoria Multi Metals zone (VMMZ), achieving the following:

• A review of the mineralized package in several drill holes from across the approximately 2.5-kilometre continuously drilled length to date, including a detailed review of textures, structure and geochemical identification of pathfinder elements indicating alteration, in an effort to better understand and identify vectors to the mineralization;
• Samples have been taken from the mineralized zones of several holes in order to test for PGEs (platinum group elements); previous testing of surface samples has confirmed the presence of PGEs in the VMMZ; these have been submitted to the lab;
• Samples from mineralized and non-mineralized core from each lithology were taken for further petrographic analysis to better understand the alteration and genesis of the mineralization.

Detailed core review from multiple drill holes from the hangingwall in the sediments across the entire width through the mineralized zones and well into the footwall sediments was undertaken. The purpose of this exercise is to identify and better understand the subtle structural and chemical differences in the hydrothermal footprint of the VMS (volcanogenic massive sulphide) system hosting zinc and copper mineralization as well as the adjacent nickel-cobalt-bearing calc-silicate alteration zone. Initial core logging has defined several phases or subunits within the ultramafic bodies -- the source of the nickel-cobalt mineralization. The company is seeing hydrothermal alteration within the ultramafics leading to nickel-cobalt enrichment in the contact calc-silicate lithology and is working to identify any structural controls on the emplacement of mineralization.

This analysis will provide important vectoring data for planning future go-forward exploration.

Additionally, Renforth will select and submit samples from stored pulps from the entire mineralized package from one drill hole to test for PGEs, both in the presence of nickel and other sulphides and possibly elsewhere in the lithological assembly.

"This work will answer some important questions we are asking internally. We know PGEs are present but not to what extent or grade. Results from this sampling will be shared once available. This has already yielded results from earlier efforts, as detailed in our prior press release," stated Nicole Brewster, president and chief executive officer of Renforth. "Essentially, we are continuing with the science of proving the merit of Quebec's newest multimetals battery property, our setting, a large-scale structure with surface mineralization, road access, and available and accessible hydro power has value in potential project longevity and low operating costs. The work we are doing is necessary in order to demonstrate potential and value."

Renforth is hosting a webinar on Wednesday, Feb. 28, 2024, at 7 p.m. ET. Ms. Brewster will present an update on the Malartic metal package and Renforth's nearby Parbec gold deposit. Registration is free on-line.

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 the both the battery metal mineralization within the Malartic metal package (MMP) 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 MMP battery metal mineralization, working toward a maiden resource statement, and the remodelling of its Parbec gold deposit to incorporate the approximately 15,000 metres drilled subsequent to the 2019 effective date of the last MRE (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.