Mr. Mark Gasson reports

ROME RESOURCES ANNOUNCES A NEW DISCOVERY OF TIN MINERALIZATION AT THE KALAYI PROSPECT AT THE BISIE NORTH TIN PROJECT

Rome Resources Ltd. has made a new discovery of tin mineralization at its Kalayi prospect, following the indicative hand-held XRF results from the pulps from its diamond drilling campaign at the Kalayi prospect within the Bisie North tin project (BNTP).

The BNTP comprises 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 (DRC).

Preliminary results from drilling at the Kalayi prospect:

• Significant tin mineralization identified visually and from the hand-held XRF analyzer on pulps from two of four diamond holes;
• A 12.5-metre (m) zone with a maximum grade, pursuant to hand-held XRF analyses, of 0.5 m at 8 per cent tin (Sn) within a broader shear zone, which included a further three m zone with a maximum of 10 per cent Sn, was identified in KBDD003; a 2.5 m zone with a maximum grade of 6 per cent Sn in KBDD002;
• Assay results from July drilling program expected in August, 2023;
• Drilling covered 150 m of strike of an associated 2,000 m tin-in-soil anomaly at the Kalayi prospect;
• The company is currently conducting infill soil sampling and trenching programs to assist with planning of the next phase of drilling.

Chief executive officer and president Mark Gasson commented: "We are extremely excited about the new discovery at Kalayi. To date, the company has tested 150 m of the defined two-kilometre (km) tin-in-soil anomaly, where we are confident of identifying additional drill targets with infill sampling, trenching and systematic exploration. We consider the initial drilling at Kalayi to be hugely successful as it is unusual to have two intersections of this magnitude from a first round of drilling, given the team's understanding of mineralization along the Bisie Ridge. This team was responsible for the exploration and resource drilling on Alphamin's world-class tin projects."

Discussion of hand-held XRF results at the Kalayi prospect

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 m tin-in-soil anomaly.

Significant mineralization was identified from hand-held XRF analyses carried out on pulps of representative samples received from the laboratory taken from two discovery holes, KBDD002 and KBDD003. Visible cassiterite (tin) was observed in most of the mineralized intervals. All three zones reported high-grade tin and included a maximum of 8 per cent Sn from a 12.5 m zone, 1 per cent Sn from a two m zone and 10 per cent Sn from a three m zone. Drill hole KBDD002 reported a maximum of 6 per cent Sn from a 2.5 m zone.

Tin mineralization at Kalayi has no copper, zinc or lead association, unlike the company's Mont Agoma prospect, and is limited to distinct quartz veined shear zones within mica schists. The style of mineralization is typical of mineralization along the Bisie ridge, where tin mineralization has a distinct shoot geometry and often shows variation in grades and widths in adjacent drill holes.

The company has commenced infill soil sampling and will conduct trenching programs where there is no excessive overburden to identify mineralized quartz veins at surface, which can be followed up with drilling at depth and on strike along the two km tin-in-soil anomaly. The company will also map any new underground artisanal workings to better understand the orientation and variations in width of the controlling structures.

All priority samples have been sent to ALS Global in Johannesburg for analysis. Results are expected in August, 2023.

Qualified person (QP) statement

Dr. Deon Vermaakt is a consultant of Rome Resources 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 QP under National Instrument 43-101, and has reviewed and approved the scientific and technical information contained in this news release.

Dr. Vermaakt reviews all sampling procedures and results of quality assurance/quality control (QA/QC) samples, which are inserted at regular intervals throughout the sample submissions on a continuing basis. The hand-held Niton XRF is frequently checked and calibrated to ensure accurate analysis and measurements. The regular QA/QC samples inserted into the sampling stream performed satisfactorily as did checks of pulps from previously reported samples, which suggest that XRF results under reported by 10 per cent to 15 per cent. The QP is of the opinion that the XRF measurements are representative.

About Rome Resources Ltd.

Rome Resources 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 the eastern DRC, which are collectively referred to as the Bisie North tin project. Rome Resources has completed an initial phase of drilling on the project, where it is responsible to finance exploration up to the completion of a definitive feasibility study.

We seek Safe Harbor.