Mr. Paul Stevenson reports

SEGO RESOURCES CLOSES $200,000 FINAL TRANCHE OF FINANCING

Sego Resources Inc. has received approval from the TSX Venture Exchange for closing of the final tranche of the financing announced on March 14, 2024. On closing, Sego will issue 10 million units at two cents per unit for gross proceeds of $200,000.

Each unit of the financing will consist of one common share and one share purchase warrant. Each share purchase warrant will entitle the holder to purchase an additional common share at five cents for two years from the closing date. The securities issued on closing are subject to the applicable statutory four-month-and-one-day hold period ending Sept. 2, 2024.

Finder's fees will be payable on a portion of the private placement and will consist of 7 per cent cash and 7 per cent broker warrants. Each broker warrant will entitle the holder to purchase one common share at five cents for two years from the closing date.

PI Financial Corp. will receive $945 and 47,250 broker warrants. Any warrants exercised prior to Sept. 2, 2024, will be subject to the hold period.

The net proceeds of the financing will be used for general working capital and exploration of the Miner Mountain copper-gold alkalic porphyry project located near Princeton, B.C. The company fully expects to spend the funds as stated; however, there may be circumstances, for sound business reasons, where a reallocation of funds may be necessary.

Insiders of the company subscribed for 6.71 million of the 10 million units, with chief executive officer J. Paul Stevenson subscribing for 1.11 million units, Strashin Developments Ltd., an insider of Sego by virtue of shareholdings, subscribing for five million units and MBP Management Ltd., a company owned by chief financial officer Brent Petterson, subscribing for 600,000 units.

As a result, the private placement is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions). The company relied upon Section 5.5 (a) Fair Market Value Not More Than $2.5 Million, Section 5.5 (c) Distribution of Securities for Cash, and exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101.

There is no material change about the company that has not been generally disclosed.

We seek Safe Harbor.