Mr. Mark Gasson reports

ROME RESOURCES ANNOUNCES EXPLORATION UPDATE FOR THE BISIE NORTH TIN PROJECT

Rome Resources Ltd. has provided an update of its exploration activities at the Bisie North tin project. The BNTP is composed of two contiguous properties, exploration permits PR 13274 and PR 15130, which are situated in the Walikale district of the North Kivu province in eastern Democratic Republic of the Congo.

Key observations from drilling at the Mont Agoma and Kalayi prospects:

• Initial drilling at Mont Agoma comprising a total of 15 diamond drill holes (one abandoned at 46 metres) testing 300 m of the potential 1,200-metre high-grade tin-in-soil anomaly (greater than 40 parts per million Sn) completed; drilling has identified a large sulphide mineralized system;
• Tin mineralization has been identified in all drill holes within a central tin, copper and zinc zone or an eastern tin zone; most recent drill holes indicate tin and copper mineralization increasing in grade and width at depth (assays pending); visual tin mineralization (cassiterite) observed in all deep holes. Copper mineralization appears to be leached near surface while strong visual copper (chalcopyrite and chalcocite) observed at deeper levels;
• Tin mineralization open to the northwest, to the southeast and at depth; best potential for significant tin mineralization appears to be at depths exceeding 100 to 150 m below surface, comparable with elevation of Alphamin's nearby world-class Mpama deposits;
• Initial drilling beneath the artisanal workings at the Kalayi prospect also undertaken, testing 150 m of the associated 2,000-metre tin-in-soil anomaly; tin mineralization (visible cassiterite) identified in two holes (assays pending);
• Assay results for Mont Agoma (10 drill holes) and Kalayi (two drill holes) expected in July, 2023;
• Planning for next phase of drilling under way.

Chief executive officer and president Mark Gasson commented: "The initial drilling at Mont Agoma and Kalayi has identified several mineralized structures with excellent potential to host significant tin and copper mineralization. Previous assay results reported in early May were from shallow intercepts of the eastern tin zone and the near-surface continuation of the tin, copper and zinc zone at Mont Agoma. Deeper drilling has since identified visible cassiterite and chalcopyrite/chalcocite in a majority of holes. We eagerly await assay results from recent holes that are expected to show tin and copper mineralization increasing in grade and width at depth.

"Metal zonation is characteristic of many tin mineralized occurrences with associated arsenic and base metals such as copper, zinc and lead, and we have found similar zonation at Mont Agoma. All indications to date suggest that we are at the upper level of the mineralized system and with potential for the discovery of substantial tin mineralization at depth.

"Initial indications from drilling at Kalayi are also highly encouraging, and we look forward to further testing of the potential two-kilometre strike length."

Diamond drilling at the Mont Agoma prospect

The phase 1 drilling program was designed to test approximately 300 m of potential strike of the newly defined high-grade, contiguous, tin-in-soil anomaly at the Mont Agoma prospect, which is a high-level tin-in-soil geochemical anomaly (greater than 40 parts per million Sn), with soil samples returning up to 0.2 per cent Sn, and covers a strike length of circa 1,200 m. The anomaly lies adjacent to the interpreted source granites in a similar geological setting as Alphamin's Mpama North and South deposits, which lie approximately eight kilometres to the south.

The company has completed a total of 15 diamond drill holes (one abandoned at 46 m) for 2,938.5 m. Assay results for the first four holes drilled were received in May (refer news release dated May 8, 2023). For the remaining 10 drill holes, sampling has been prioritized according to visible mineralization with guidance from the Niton XRF. All priority samples have been sent to Lubumbashi for sample preparation and then dispatched to ALS Global in Johannesburg for analysis. Results are expected in July.

The limited drilling to date has defined multiple subparallel zones which are strongly mineralized in tin, copper, zinc and lead within a broader 200- to 250-metre-wide sulphide mineralized system. Tin mineralization has been intersected in discrete zones, together with zinc mineralization or together with zinc and copper mineralization.

Metal zoning is typical of the style of mineralization apparent at Mont Agoma. Mpama would lie within the deeper tin zone, and reported anomalous zinc and copper mineralization associated with the tin mineralization while San Rafael started as a copper mine at surface, which graded through a transition zone of copper and tin and today is one of the world's biggest producing tin mines from deeper levels.

As previously reported (refer news release dated May 8, 2023), drill hole MADD010A intersected a significant (29 m) zone enriched in tin (including visible cassiterite) and strong visual copper from 146 m downhole. Recently completed drill hole MADD015A was drilled approximately 50 metres below MADD010A and intersected a significant 20-metre zone also enriched in tin (including visible cassiterite) and strong visual copper. Allowing for typical pinching and swelling along the mineralized structure, a narrow zone of near-surface tin mineralization has developed into a broad zone (ranging from approximately five-metre to approximately 30-metre width) of enriched tin and copper at depth. Assays for MADD010A and MADD010A are pending.

Hole MADD014 was drilled 50 m to the southeast of hole MADD010A and intersected the tin and copper zone at much shallower levels than expected. Near-surface tin mineralization was identified over 15 m from Niton XRF readings within the tin zone (40 m downhole), and the tin and copper zone was identified over 17 m from 73 m.

Tin mineralization at the Mont Agoma prospect is open to the northwest, to the southeast and at depth, and as noted, drilling indicates the tin and copper mineralization is increasing in grade and width at depth.

The company is now planning the next phase of drilling at the Mont Agoma prospect, which will be refined once all outstanding drill results have been reported. Infill soil sampling programs will also be undertaken to assist in planning of new drill holes along the strike extension of the currently defined mineralization, as well as to follow up on lower-order tin-in-soil anomalies, which, when combined with the priority anomalies, cover five km on the BNTP.

Diamond drilling at the Kalayi and Mont Agoma NW prospects

Four diamond holes were drilled for a total of 463.5 m beneath the artisanal workings at the Kalayi prospect, where previous channel sampling reported up to one m at 11 per cent Sn. Drilling tested 150 m of the associated 2,000-metre tin-in-soil anomaly.

Tin mineralization was identified from Niton XRF readings and visible cassiterite in two holes, and is strongly associated with quartz veining. Two significant zones were identified in KBDD003, a near-surface 13-metre-wide zone from 40 m, which is the focus of artisanal mining, and a second three-metre-wide zone from 71 m. Initial indications on the Kalayi target are highly encouraging, and more drilling is required to better understand the pinch-and-swell geometry of the host mineralized structure along strike and downdip.

Two diamond holes were also drilled beneath the abandoned artisanal workings at the Mont Agoma NW prospect. No significant mineralization was intersected.

All priority samples have been sent to Lubumbashi for sample preparation and dispatch to ALS Global in Johannesburg for analysis. First results are expected in July.

Follow-up programs along the strike extension of the currently defined mineralization at Kalayi and the historic artisanal workings at Mont Agoma NW are being planned.

Qualified person statement

Dr. Deon Vermaakt is a consultant of Rome and a qualified geologist, and is a registered professional natural scientist (geological science) with the South African Council for Natural Scientific Professions (SACNASP registration No. 400074/03). Dr. Vermaakt is a qualified person under National Instrument 43-101, and has reviewed and approved the scientific and technical information contained in this news release.

About Rome Resources Ltd.

Rome is a mineral exploration company that has entered into two option agreements and a binding term sheet to acquire direct and indirect interests in two contiguous properties situated in the Walikale district of the North Kivu province in eastern DRC, which are collectively referred to as the Bisie North tin project. Rome intends to finance exploration on the project up to the completion of a definitive feasibility study.

We seek Safe Harbor.