Mr. Dan Denbow reports

SIGNATURE RESOURCES ANNOUNCES EQUITY FINANCING AND OPTION GRANT

Signature Resources Ltd. is offering a non-brokered private placement of flow-through shares and non-flow-through shares for gross proceeds of up to $600,000. Nearly 20 per cent of the offering is expected to be subscribed for by members of the company's board of directors and management.

Each FT share is being offered at 2.75 cents per share and each NFT share is being offered at a price of 2.5 cents per share. All securities issued pursuant to this proposed private placement will be subject to the exchange hold period and legend accordingly.

The net proceeds from the offering will be used for resource modelling and related deposit characterization, designing the 2024 drill program, continuing exploration data compilation, and general working capital purposes. It is expected that 20 per cent of the proceeds will be used for general working capital purposes with the remainder spent on exploration and deposit definition activities. Approximately 20 per cent will be paid to consultants for resource modelling and drill program design activities. None of the proceeds will be used for payments to non-arm's-length parties or for investor relations service providers.

Option grant

The board of directors has granted a combined total of 2.1 million incentive stock options to the board and management of the company. The options have an exercise price of five cents, expire five years from the grant date. The options vest 25 per cent immediately and 25 per cent annually thereafter until the third anniversary.

About Signature Resources Ltd.

The Lingman Lake gold property consists of 1,434 staked claims, four freehold fully patented claims and 14 mineral right patented claims totalling approximately 27,113 hectares. The property includes what has historically been referred to as the Lingman Lake gold mine, an underground substructure consisting of a 126.5-metre shaft, and three levels at 46-metre, 84-metre and 122-metre depths. There has been over 28,000 metres (177 drill holes) of historical drilling done on the property.

We seek Safe Harbor.