Ms. Nicole Brewster reports

NEW GEOLOGICAL INTERPRETATION ESTABLISHES GOLD EXPLORATION TARGET AREA IN PONTIAC SEDIMENTS AT RENFORTH'S PARBEC GOLD DEPOSIT

Renforth Resources Inc.'s updated interpretation of its Parbec gold deposit proves the presence of gold mineralization in structures oriented oblique to the Cadillac break and extending into the Pontiac sediments. Interpreted conclusions include instances where surface mineralization within the Cadillac break forms a continuous zone with gold mineralization within the Pontiac sediments to the south, crossing the lithologies. This is a new exploration target concept at Parbec with bulk tonnage potential. These interpreted oblique structures carry gold mineralization to the south of the break, within the Pontiac sediments and have been intersected in several locations at Parbec.

Similar to the company's Malartic metals package property, there is almost a complete lack of exploration in the Pontiac sediments, whereas Renforth can now demonstrate that the entire area has significant exploration potential, validated by its new geological model and the success of its contiguous neighbour, the Canadian Malartic mine, operating quite successfully in the Pontiac sediments. While there have been greater than 40,000 metres drilled at Parbec there are still many areas to be drilled, the Pontiac has not been the focus of any exploration or drilling at Parbec.

The new interpretation does not yet cover the entirety of the Cadillac break's approximate 1.8 kilometres of strike on the property, or the deepest pierce points on the property (greater-than-700-metre depth). Additional drilling, guided by this new interpretation, is justified, in the Cadillac Break, the Pontiac sediments and the Piche volcanics to the north, each of which host gold mineralization and untested strike.

New geological model detail

The modelling exercise resulted in a reorientation of the project base line and uses horizontal plans as the base plan for interpretation purposes. Mineralized lenses interpreted on each level were assembled using sets of sections cut at varying orientations. Mineralized structures oriented obliquely to the Break have been identified with trends ranging from north to northeast and east-west. These newly identified mineralized structures are only partially drilled and are open to the northeast and southwest on the Parbec property.

The prior Parbec modelling approach used vertical sections oriented perpendicular to the Cadillac break. Mineralization was difficult to model and resulted in an interrupted continuity of mineralization and abrupt shifts in grades and widths as the zones were thought to be constrained by lithological units. The new model illustrates crosscutting mineralized structures to the Cadillac break and lithologies which were not clearly identified in previous interpretations. Simply stated, a slight change in how the drill data is studied has identified new areas with previously unrecognized exploration potential.

To date, the new modelling interpretation has identified four target areas along a strike length of about 800 meters for follow-up exploration work. This early-stage work shows that each target area demonstrates continuity of mineralization.

Follow-up exploration will be planned with drill holes oriented at differing azimuths to test the continuity for the newly interpreted mineralized zones trending in northerly, east-west and northeast-southwest directions.

Pontiac sediments mineralization and down-dip mineralization

Remodelling of the Pontiac sedimentary contact has identified significant structural complexity, particularly in the northwestern half of the Parbec deposit. An area previously referred to as the diorite splay is in fact an opening (embayment) of the Pontiac contact, trapping a large mass of diorite, known to be gold bearing with only limited surface prospecting/trenching and drilling.

Modelling in the area illustrates an approximate minus-50-degree south/southwesterly dip to the mineralized zones, as noted in the last drill program, supporting the interpretation. Current modelling efforts are defining exploration target areas for mineralized zone expansion to the south under the Pontiac contact within embedded felsic intrusions. Previously, mineralization in several deeper holes was difficult to correlate, the new geological model reconciles these deeper holes and offers infill drilling targets.

Bulk tonnage target

Surface expression of the mineralization indicates that the horizontal thickness varies from a few metres to approximately 20 metres. Many new targets are becoming apparent with the new modelling, along different mineralized trends covered by a maximum of five metres of overburden. The company is working to define a surface mineralized footprint amenable to a small-scale open pit outside the CN railway footprint. To date, two areas have been identified in the northwestern part of the property that are amenable to stripping and sampling followed by bulk sampling if warranted.

Parbec surface water testing

Renforth will commence baseline testing of surface water contained in two holding ponds north of the decline adit and subsurface water within the decline from two wells which access the decline. This is done to collect the environmental baseline data required to permit the dewatering of the decline which terminates within the Cadillac break at about 100 m vertical depth. An unplanned work stoppage occurred in the 1980s before completion, leaving the end of the decline approximately 40 m from the northern contact of the Cadillac break and the Piche volcanics. This also resulted in no mapping or sampling of the mineralization the decline intersects, including the Pontiac sediments, the Felsite zone or the Cadillac break itself. Renforth is working toward dewatering, mapping and sampling the decline, a process which starts with the collection of required background information to support permit application.

Qualified person

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

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 the both the battery metals mineralization within the Malartic metals package (MMP) and our 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 MRE.

We seek Safe Harbor.