Mr. Brad Rourke reports

SCOTTIE RESOURCES ANNOUNCES UP TO $3.5 MILLION PRIVATE PLACEMENT

Scottie Resources Corp. has arranged a non-brokered private placement of securities to raise total gross proceeds of up to $3.5-million.

The offering will be composed of a combination of: (i) non-flow-through units to be sold at a price of 23 cents per NFT unit for aggregate gross proceeds of up to $1.5-million; and (ii) flow-through units to be sold at a price of 33 cents per charity FT unit for aggregate gross proceeds of up to $2-million. Each NFT unit will be composed of one common share in the capital of the company and one-half of one common share purchase warrant. Each charity FT unit will be composed of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and one-half of one warrant. The warrants for all units will be subject to the same terms, with each warrant entitling the holder thereof to purchase one common share for a period of two years from the date of issuance at an exercise price of 35 cents per warrant share.

The company intends to use the gross proceeds raised from the charity FT offering for exploration and related programs on the company's Scottie and Blueberry mineral properties. The proceeds from the NFT offering will also be used for general working capital and administrative purposes.

The entire gross proceeds from the charity FT offering will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2024, and renounced with an effective date no later than Dec. 31, 2023, to the initial purchasers of charity FT units.

The company may pay finders' fees composed of cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.

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 a 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 holds more than 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.

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