Ms. Nicole Brewster reports

RENFORTH RESOURCES INC. COMMENCES PARBEC GOLD DEPOSIT RESOURCE UPDATE

Renforth Resources Inc. today advised shareholders of several new initiatives at the company's Parbec gold deposit in Malartic, Que. This includes a resource update, the start of the permitting process to dewater the underground access to the deposit, and Tomra testing of mineralized and non-mineralized material from Parbec.

Renforth president and chief executive officer Nicole Brewster said: "Each of our new initiatives at Parbec is intended to increase our deposit knowledgebase towards a future production decision. Our existing, outdated 43-101 resource encompasses only a portion of the property and uses only part of our own drilling, and none from the 1980s or 1990s. Our geological model after the resource demonstrates a new understanding of gold at Parbec occurring in the Pontiac, like what our neighbour has also subsequently proven with the development of their Odyssey deposit in the Pontiac sediments. Underground access for sampling and mapping and the testing Tomra technology to reduce waste and focus on our higher-grade gold at Parbec. If successful, these steps add value and move us along on Parbec's production path."

National Instrument 43-101 update

Renforth has retained SGS Canada, specifically geoscientists within the Blainville, Que., office, to author a mineral resource estimate and NI 43-101 technical report for Parbec. This new report will include the approximately 15,000 metres of drilling completed by Renforth after December, 2019, the historic drilling excluded from the December, 2019, MRE which Renforth has validated, and our current geological model, supported by drilling and recent surface exploration results. None of those preceding elements were in the last resource estimate for Parbec. Of course, the gold and silver price environment is quite different today than it was in December, 2019, when the Parbec in-pit and out-of-pit resource portions were calculated using a $1,450 (U.S.) gold price, significantly lower than the prevailing current market. Silver, also known to be present at Parbec, has not been sufficiently tested to be included in a resource statement.

Upon receipt of a new estimate and technical report Renforth will issue the appropriate press release, it is anticipated this will be in late Q1 2025.

Underground access dewatering

Parbec has an underground decline that was blocked and allowed to flood when construction ceased unexpectedly in the 1980s. This decline was driven under the supervision of Norman Brewster, PGeo, a technical adviser to Renforth, and targeted the tuff horizon of the Camp zZone for a bulk sample to be processed at the then-operating Augmitto project. Development stopped before this could be completed for unrelated corporate reasons. The approximately 400 m long decline terminates at approximately 100 m vertical depth, having progressed through what is now known to be gold-bearing rock without any sampling or mapping having taken place due to the unexpected operation stoppage. Valuable new data will be immediately available if Renforth is successful in obtaining a permit to dewater. Explo-Logik of Val d'Or, Que., has been retained to manage the permitting process.

Tomra testing

Following the company's success demonstrating the ability to remove waste and concentrate the grade of mineralized material at its nearby Victoria nickel/zinc project, Renforth has elected to test mineralized and non-mineralized material from Parbec to determine whether we will be able to remove waste material and concentrate the gold at this project. Parbec, in addition to high-grade gold within the Cadillac Break, has a significant volume of low-grade material, which becomes more attractive if the company can reduce the waste component. A selection of test samples will be shipped to Germany for testing.

Current field operations

Renforth has found a week where its geoscientists, having satisfied other obligations, are now free to get out in the field on the company's behalf. While snow has begun accumulating in the north, it is relatively late in arriving and not yet too deep. Upon completion of the fieldwork, Renforth will update shareholders regarding our team's accomplishments in this little "bonus window" of discovered field time.

About the company's Parbec gold deposit

Location

The company's Parbec gold deposit enjoys the same excellent logistical advantages as its nearby Malartic metals package nickel/zinc property, and neighbours the Canadian Malartic mine complex.

Geological setting

The company's fieldwork supports its geological model where it has gold mineralization in both the Cadillac Break, as conventionally understood, and in the Pontiac sediments, a recent development in the area proven by the company's neighbour with the Odyssey project, an increase in size to the areas of the property we can encounter gold, which is largely unexplored prospective ground, with the exception of the company's work.

December, 2019, historic MRE statement

The now out of date MRE appears below. The resource update announced today will reflect the company's current understanding of the geometry of the deposit, the role of the Pontiac sediments and identification of several vertical gold concentrations within the break, outlined within the company's relatively shallow drilling on the deposit to date. These all form a new orientation for modelling the deposit, and the company is interested to see the impacts of those, as well as the current price of gold, on the historic resource.

High assay/long width assay data

The attached table illustrates some of the high assay values, and longer width gold intervals (as measured in the core box, not true width) Parbec has produced. It is important to note that any drill holes from the 1980s, 1990s, 2020 and 2021 contain data not included in the historic 2019 MRE, which will be included in the new resource model.

Francis Newton, PGeo, OGQ, a qualified person pursuant to the requirements of NI 43-101, has reviewed and approved the technical contents of this press release.

We seek Safe Harbor.