Mr. Thomas O'Neill reports

SHERPA II COMMENCES DRILL PROGRAM AT EC TARGET ON THE BAKAR PROPERTY, NORTHERN VANCOUVER ISLAND

Sherpa II Holdings Corp. has commenced a diamond drill program at the EC target on its Bakar property, located on Northern Vancouver Island, B.C.

The program will consist of approximately 800 metres of diamond drilling in two holes designed to test coincident geophysical and geological anomalies identified through previous exploration work. Drilling will focus on the EC target, an area that has demonstrated encouraging geological characteristics, and geophysical and geochemical signatures consistent with potential copper porphyry mineralization.

EC target highlights:

• Large VTEM (versatile time domain electromagnetic) conductive anomaly covers an area of 1.5 kilometres (km) by 0.5 km that commences at a shallow depth of 50 metres (m) with depth extents below 500 m;
• Coincident ZTEM (Z-axis tipper electromagnetic) conductive/contrast anomaly covers an area of 4.5 km by 0.8 km that commences at a depth of 100 m with depth extents below 800 m;
• Target located within a corridor of low magnetic response correlates with the convergence of the crustal-scale William Lake and Holberg faults, which is an ideal setting for a porphyry copper mineralized system;
• Bedrock basalt exposure at the margin of the VTEM/ZTEM anomalies is characterized by strong chlorite alteration, disseminated pyrite and stockwork-style limonite/pyrite veining. Basalt is a very favourable reactive host rock and the vein/sulphide setting is interpreted to be proximal to a copper porphyry-style centre;
• Two rock chip samples recovered in 2021 from outcrop at the edge of the covered coincident VTEM and ZTEM anomalies returned 0.49 per cent copper (Cu) and 4.13 per cent Cu. This is a previously unknown mineral occurrence and represents a new discovery at Bakar. Samples are characterized by intense chlorite-epidote alteration and sheeted quartz-epidote veins with pyrite, chalcopyrite and bornite;
• The geophysical anomalies, structural setting, geochemical anomalies, alteration features and topographic low are all consistent with a porphyry copper host rock environment.

Technical information

All scientific and technical information in this news release has been prepared by, or approved by, Garrett Ainsworth, PGeo, adviser to the company. Mr. Ainsworth is a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

The chip samples from outcrop reported in this news release were recovered by Vector Geological Solutions Inc. in 2022 from the Bakar property and shipped to Bureau Veritas Mineral Laboratories (an accredited mineral analysis laboratory) in Vancouver, B.C., for preparation and analysis. Samples were analyzed for 45 elements with four-acid digestion inductively coupled plasma mass spectrometry (ICP-MS). Certified standards, blanks and duplicates were inserted into the sample shipment to ensure integrity of the assay process. Selected samples were chosen for duplicate assay from the coarse reject and pulps of the original sample. No QA/QC (quality assurance/quality control) issues were noted with the results reported.

Mr. Ainsworth has not verified any of the information regarding any of the properties or projects referred to herein other than the Bakar property and mineralization at those other properties or projects is not necessarily indicative of mineralization on the Bakar property.

About Sherpa II Holdings Corp.

Sherpa II Holdings is a Canadian junior mineral exploration company with a 100-per-cent interest in the Bakar property, located on Northern Vancouver Island in British Columbia.

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