Mr. Peter Smith reports

SASQUATCH RESOURCES CLOSES OVER-SUBSCRIBED PRIVATE PLACEMENT

Sasquatch Resources Corp. has closed its previously announced non-brokered private placement (see Sasquatch's news release dated May 9, 2023). Under the oversubscribed offering, Sasquatch raised gross proceeds of $290,000 through the issuance of 4.3 million units at a price of five cents per unit for gross proceeds of $215,000 and the issuance of 1,071,429 flow-through units at a price of seven cents per FT unit for gross proceeds of $75,000. Each unit consists of one common share of the company and one share purchase warrant entitling the holder to purchase one common share at a price of 10 cents per common share for a period of 24 months from the date of issuance. Each FT unit consists of one flow-through common share of the company and one warrant. Securities issued under the financing are subject to a four-month hold period expiring Sept. 26, 2023, in accordance with applicable Canadian securities laws.

The company intends to use the proceeds from the sale of the units for general working capital. The proceeds received by the company from the sale of FT units will be used to incur eligible Canadian exploration expenses that are flow-through mining expenditures (as such term is defined in the Income Tax Act (Canada)). The company paid finders' fees of $1,500 in connection with the offering.

Certain directors and officers of the company participated in the private placement, and such participation is considered to be a related-party transaction as defined under Multilateral Instrument 61-101. This is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of such participation does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

About Sasquatch Resources Corp.

Sasquatch is a mineral exploration company focused on its Mount Sicker property in southern Vancouver Island, British Columbia.

We seek Safe Harbor.