Ms. Nicole Brewster reports

RENFORTH RESOURCES VISUALLY OBSERVES MINERALIZATION IN CHANNEL CUTTING OF DIORITES AND FELSITES IN OPEN PIT FOOTPRINT AT PARBEC GOLD DEPOSIT

Renforth Resources Inc. has completed an initial channel-cutting campaign with drone-assisted geological mapping in the open-pit footprint for the company's wholly owned Parbec gold deposit on the Cadillac break in Malartic, Que., contiguous to Canadian Malartic.

Highlights:

• Eight channels were cut with mineralization visually observed;
• Felsite and diorite, gold-bearing lithologies at Parbec, were uncovered during overburden removal and observed to occur to a greater extent than previously understood. Samples have been taken and submitted for assay.

Stripping and channel sampling program discussion

The area chipped at Parbec is approximately 350 metres by 125 metres. Stripping within that envelope is roughly 250 m by 100 m.

The sediments and diorites were exposed along the entire stripped length. While the company's intention was to uncover the Cadillac break along the length as well, Renforth was unsuccessful due to excessive overburden thickness starting at the sedimentary contact with the break along the northern side of the trench. Washing the bedrock was stopped in order to permit initial sampling.

The stripped area exposed is very interesting. Sediments intruded with diorite lenses are exposed along the length of the stripping and what Renforth calls felsite horizons stretching for tens of metres subparallel to the break within the sediments. These felsites are strongly silicified, intensely fractured up particularly in proximity to the break, hosting 2 per cent to 6 per cent fine disseminated pyrite with occasional small cubic pyrite crystals as well. Contacts with the sediments are clear and sharp. Drag folding with offsets of approximately one to three metres is noted with some boudinaging quartz veining.

It is interesting that the felsites show continuity of tens of metres along their length, which was not clearly apparent in Renforth's drilling. In drilling, they are often gold-bearing and only one metre or so in width; however, on outcrop in some areas, true width approaches 15 m at times. There are multiple felsite subparallel lenses within the stripped area.

Renforth has also exposed diorites, which are mineralized in prior drilling and surface sampling, including the diorite splay in the western portion of the stripped area.

Of note are crosscutting structures trending roughly north-south that carry through the break -- features long interpreted from data but rarely, if ever, observed in outcrop until now. Several of these crosscutting shear zones are strongly biotitized and bear a close resemblance to lamprophyre dikes. At a broader scale, undulating folds subparallel to the strike of the break are evident along the felsite contacts, with smaller-scale drag folding locally producing metre-scale offsets parallel to the break.

Management commentary

"This program has yielded an exceptional amount of new data; we are seeing more of the lithologies at Parbec associated with gold uncovered on surface in the stripped area than we expected to. Once again, while we are working on a proven gold deposit, in the footprint of the open pit that goes with the MRE [mineral resource estimate], we are still discovering new things, positive things. I look forward to the results of this program and our continued work on our Parbec gold deposit, along with our Victoria polymetallic. We will be advancing on both deposit fronts," stated Nicole Brewster, president and chief executive officer of Renforth.

Channel detail

A total of eight channels were cut in five areas within the stripped ground in this program; results for the channels are not yet received but will be released when available.

CHNL-PAR-26-51 -- first channel area -- near the eastern end of the trench area:

• This channel is 24.2m in length and exposes a mix of sheared diorite, chlorite schist and sheared felsite; mineralization varies from trace to up to 5 per cent fine to disseminated pyrite-pyrrhotite. Mineralization is strongest in the felsite intervals. The northern half of the channel consists of felsite, porphyry and , mineralized 3 per cent to 5 per cent pyrite and hosts frequent quartz veinlets/stockworks.

CHNL-PAR-26-52 -- second channel area -- far western end of trench area:

• The channel is 5.6 metres long and exposes mostly diorite/sheared diorite. The north end of the channel exposes quartz-ankerite-tourmaline veining and felsite mineralized with up to 5 per cent pyrite.

CHNL-PAR-26-53, CHNL-PAR-26-54 and CHNL-PAR-26-55 -- third channel area -- small stockwork zone near western end of trench:

• There are three small channels (CHNL-PAR-26-53, CHNL-PAR-26-54 and CHNL-PAR-26-55) located about 30 metres east of channel 52 (described above). These channels are 1.4 metres (CHNL-PAR-26-53), 0.85 metre ( CHNL-PAR-26-54) and 4.12 metres ( CHNL-PAR-26-55) in length. CHNL-PAR-26-53 exposes QFP (quartz feldspar porphyry) and a crosscutting quartz vein. CHNL-PAR-26-54 is cut in the Pontiac sediments across the same quartz vein as in CHNL-PAR-26-53. CHNL-PAR-26-55 is cut across the entire package; it exposes Pontiac sediments on the northern and southern sides of a porphyry dike, which was also channelled in the original 2019 channel at the bullnose. This porphyry is mineralized with up to 5 per cent pyrite.

CHNL-PAR-26-56 and CHNL-PAR-26-57 -- fourth channel area -- in approximate centre of trench area:

• This channel is 8.8 metres in length and exposes primarily chlorite schist at the southern end and sheared diorite to diorite at the north end with two approximately one-metre-wide felsites in between. The felsites are mineralized with 4 per cent fine disseminated pyrite and have a quartz-stringer stockwork. The chlorite schist and diorites are mineralized with up to 1 per cent med disseminated pyrite.
• CHNL-PAR-26-57 is 1.75 metres in length and is located a few metres west of CHNL-PAR-26-56, covering mineralized felsite with chlorite schist on either side.

CHNL-PAR-26-58 -- fifth channel area -- eastern end of trench area:

• This channel is 18.7 metres in length and exposes a mix of sheared diorite, chlorite schist and QFP. Schists and diorites are mostly at the southern end, and the northern end of the channel consists primarily of QFP. There is also a narrow felsite block at the southern end of the trench.
• The QFP and sheared diorites at the northern end of the channel are mineralized with anywhere from 3 per cent to 5 per cent pyrite.

Readers are cautioned that the presence of visible sulphide mineralization, silicification or other features described herein is a qualitative, visual observation made in the field and is not necessarily indicative of the presence of gold or of the grade or quantity of mineralization that may ultimately be confirmed by assay. Channel sample results for channels referenced in this release have not yet been received from the laboratory and will be reported once available. Visual estimates should not be relied upon for any investment decision.

Qualified person

The scientific and technical information contained in this press release has been reviewed and approved by Francis Newton, PGeo, OGQ, an independent qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Option grant

Renforth has issued 250,000 options to purchase common shares to a consultant of the company. Each option can be exercised to purchase one common share at a price of five cents for a period of five years. The options vest 25 per cent at issue and 25 per cent quarterly thereafter.

About Renforth Resources Inc.

Renforth Resources is a Canadian junior gold exploration company focused on advancing the Parbec gold deposit in the prolific Abitibi region of Quebec. Parbec is strategically located immediately adjacent to Agnico Eagle Mines Ltd.'s Canadian Malartic complex, one of the largest open-pit gold mines in Canada. The company also holds the Victoria nickel/copper/cobalt polymetallic deposit. Renforth is committed to disciplined, systematic exploration and transparent disclosure as it works to unlock the value of its Abitibi-region portfolio.

We seek Safe Harbor.