Ms. Nicole Brewster reports

RENFORTH RESOURCES UPDATES VICTORIA POLYMETALLIC DRILL PROGRAM AND PARBEC GOLD DEPOSIT

Renforth Resources Inc. has provided an update to shareholders on its continuing drill program on the company's wholly owned Victoria nickel/copper/cobalt open-pit polymetallic deposit. The program has successfully completed two drill holes in the first undercut area, with visual mineralization encountered in both holes.

First undercut area

Renforth has completed two undercut drill holes, which both intersected visual mineralization, drilled at 45 and 65 degrees, below prior positive results, as noted in the highlight table previously press released Nov. 10, 2021, including 74.55 metres of 0.14 per cent nickel and 95.43 parts per million cobalt, which includes 10.5 metres of 0.52 per cent copper.

The two completed undercut drill holes in this area are shown above relative to the 2021 drill holes and MRE modelling. Both of SUR-26-58 and SUR-26-59 ended in the mineralized ultramafic, which typically returns low-grade mineralization numbers but which, it is important to note, Renforth has proved is amenable to sorting and conventional processing.

Mineralization intersected in these two holes, noted visually, includes chalcopyrite (copper), sphalerite (zinc), pyrrhotite and pyrite, occurring within mineralized graphitic mudstone, ultramafics, calc-silicate contact zone and albite shears. Samples are being selected, split, bagged and tagged in the field by the company's qualified person for delivery to the lab, the results will be reported when available.

The drill has moved and is now drilling an undercut in the second undercut area discussed in the last press release.

Parbec gold deposit

Renforth is pleased to advise shareholders that the company has received its drill permit for Parbec, valid for three years. This permit allows the drilling of up to 60,000 metres from 17 drill stations, derisking the company's ability to carry out fieldwork on its wholly owned gold deposit.

Renforth still awaits the results for its recent channel sampling at Parbec. Despite not having yet received the results, the company has sampled additional felsite occurrences not previously seen or sampled along the southwestern edge of its stripped area; these will be submitted to the lab and the results will be reported on when received.

Renforth is undertaking a small fundraising, expected to appeal to existing shareholders, through the placement of critical minerals flow-through shares at three cents per share or common share unit. Each unit comprises one common share and one-half of one warrant; a full warrant can be exercised for a period of 18 months to purchase a common share at a price of six cents per share. It is anticipated this placement will close by month-end.

Technical disclosure in this press release has been reviewed and approved by Francis R. Newton, PGeo (OGQ No. 2129), a qualified person pursuant to National Instrument 43-101.

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.

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