Mr. Brad Rourke reports

SCOTTIE RESOURCES PROVIDES UPDATED DISCLOSURE REGARDING CLOSING OF $6.5 MILLION PRIVATE PLACEMENT

Scottie Resources Corp. has issued a correction to its previously disseminated press release dated Feb. 16, 2023 (the closing press release). The closing press release announced the closing of the previously announced bought deal private placement of: (i) 11,429,000 common shares of the company that qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) at a price of 35 cents per FT share for gross proceeds of $4,000,150; and (ii) 10.87 million common shares of the company at a price of 23 cents per HD share for gross proceeds of $2,500,100, for aggregate gross proceeds to the company of $6,500,250. The offering was completed pursuant to an underwriting agreement dated Feb. 16, 2023, with Cormark Securities Inc. as sole underwriter.

The closing press release disclosed that the company paid to certain finders a cash commission representing 3.0 per cent of the gross proceeds raised under the offering from the sale of HD shares to purchasers introduced to the company by the finder. The closing press release incorrectly omitted that the finders were also issued 230,484 compensation warrants of the company. Each compensation warrant entitles the holder to purchase one common share of the company at a price of 23 cents per compensation warrant share for a period of 24 months from the date of issuance.

The compensation warrants and the compensation warrant shares issued and issuable under the offering are subject to a statutory hold period and may not be traded until June 17, 2023, except as permitted by applicable securities legislation.

About Scottie Resources Corp.

Scottie owns a 100-per-cent interest in the Scottie gold mine property, which includes the Blueberry zone and the high-grade, past-producing Scottie gold mine. Scottie also owns 100-per-cent interest in the Georgia project, which contains the high-grade, past-producing Georgia River mine, as well as the Cambria project properties and the Sulu property. Altogether, Scottie Resources holds approximately 60,000 hectares of mineral claims in the Stewart mining camp in the Golden Triangle.

The company's focus is on expanding the known mineralization around the past-producing mines while advancing near-mine, high-grade gold targets, with the purpose of delivering a potential resource.

All of the company's properties are located in the area known as the Golden Triangle of British Columbia, which is among the world's most prolific mineralized districts.