Mr. Timothy Froude reports

SOKOMAN MINERALS REPORTS VISIBLE GOLD IN TWO OF THE FIRST THREE HOLES FROM 552 ZONE WINTER PROGRAM AT THE MOOSEHEAD GOLD PROJECT, CENTRAL NEWFOUNDLAND

Two of the first three holes of Sokoman Minerals Corp.'s winter drill program at the 552 zone have intersected quartz veins with visible gold. All three holes (MH-24-578 to 580), drilled on the same section from the same set-up, encountered the 552 structure, with the deepest hole, MH-24-580, cutting a two-metre zone that included two 0.30 m to 0.50 m intervals, with up to 30 specks of fine (submillimetre) visible gold. All assays are pending.

Timothy Froude, PGeo, president and chief executive officer, states: "We are pleased with the progress on the winter program at the 552 zone. We will continue the drilling as long as weather and ground conditions allow until spring breakup. The 552 zone area has seen limited drilling along strike and to depth and it remains open. The relationship between the 552 zone and 253 zone, which is located 100 m to the north, is unknown and it will also be tested in the current program, which is anticipated to take six to eight weeks to complete."

The three-hole section lies 30 m to the west of MH-23-574 (see news release dated Feb. 14, 2024) that cut 2.10 m of five grams per tonne Au with 12 specks of submillimetre visible gold noted. The winter diamond drilling program is planned for 2,000 m to 2,500 m of HQ drill core focusing on a 150 m strike length to a depth of 125 m (vertically) of the 552 zone. Drilling has defined a continuous, roughly northwest-trending, two-to-five-metre-wide zone of locally vuggy (epizonal), quartz veining/quartz breccia, with 2 per cent to 3 per cent disseminated arsenopyrite, sphalerite, boulangerite and chalcopyrite, in variably sheared to undeformed sedimentary units located approximately 400 m to the east of the main Eastern trend mineralization, and 100 m southeast of the 253 zone.

It is thought that the 253 zone, which was drilled assuming an east-west orientation, could be a more northerly, subparallel to parallel zone to 552. Additional drilling to the north undercutting the 552 zone will test this possibility, as well as extend the 552 zone to depth.

Drilling is also planned to test the upper portion of the footwall splay where gaps exist in the geological model linking the zone to surface. The footwall splay has returned some of the highest grades on the property, including MH-20-115 (4.60 m grading 47.20 g/t Au from 64 m down hole), and MH-21-163 (5.10 m grading 30.83 g/t Au from 45.0 m down hole).

Qualified person

This news release has been reviewed and approved by Mr. Froude, PGeo, a qualified person under National Instrument 43-101 and president and CEO of Sokoman Minerals.

Analytical techniques/quality assurance/quality control

Samples, including duplicates, blanks and standards, are submitted to Eastern Analytical Ltd. in Springdale, Nfld., for gold analysis. Eastern Analytical is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. All core samples are saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples are delivered in sealed bags directly to the lab by Sokoman personnel. Samples with visible gold are submitted for total pulp metallics and gravimetric finish. All other samples are analyzed by standard fire assay methods. Total pulp metallic analysis includes the whole sample being crushed to minus 10 mesh, and then pulverized to 95 per cent minus 150 mesh. The total sample is weighed and screened to 150 mesh; the plus-150-mesh fraction is fire assayed for Au, and a 30-gram subsample of the minus-150-mesh fraction is fire assayed for Au, with a calculated weighted average of total Au in the sample reported as well. One blank and one industry-approved standard for every 20 samples submitted is included in the sample stream. Random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical. All reported assays are uncut.

About Sokoman Minerals Corp.

Sokoman Minerals is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects; the 100-per-cent flagship, advanced-stage Moosehead, as well as Crippleback Lake; and East Alder (optioned to Canterra Minerals Corp.) along the central Newfoundland gold belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company entered into a strategic alliance with Benton Resources Inc. through three large-scale, joint venture properties, including Grey River, Golden Hope and Kepenkeck in Newfoundland. Sokoman now controls, independently and through the Benton alliance, more than 150,000 hectares (greater than 6,000 claims -- 1,500 square kilometres), making it one of the largest landholders in Newfoundland, in Canada's newest and rapidly emerging gold districts.

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