Mr. Timothy Froude reports

SOKOMAN TO RESUME DRILLING AT MOOSEHEAD GOLD PROJECT

Sokoman Minerals Corp. will resume diamond drilling at the 100-per-cent-owned Moosehead gold project in central Newfoundland. The initial focus will be a series of deep, 1,000-metre-depth, downhole drill holes testing the eastern trend and western trend gold zones for depth extensions, as well as testing for undiscovered parallel zones. Since 2018, a total of 135,325 metres (m) of core in 672 drill holes, across the property, have resulted in the definition of five significant zones of gold mineralization and several smaller, less defined zones, with most remaining open for expansion. All the main gold zones have high-grade intersections of at least 100 gram-metres of gold to a maximum of 636.12 gram-metres from MH-18-39. Please see the attached table of Moosehead's top 25 holes.

Timothy Froude, PGeo, president and chief executive officer, states: "We are extremely excited to be back drilling at Moosehead, given the significance of the deep holes and the impact they could have on the mineralization on the property. Drilling to date has focused on the near surface, to an average depth of about 300 m vertically, where we have been extremely successful in defining high-grade mineralization in five previously unknown zones. The time is right to go deeper than we have in the past, to downhole depths of 1,000 m, and armed with the knowledge we have gained over the past few years, hopefully locating continuous high-grade zones at depth. We expect to be on site in early October and anticipate a four-to-five-week timeline to complete drilling."

Deep drilling program

The deep drilling program will start with two to three holes, each at least 1,000 m in length, positioned to establish key geological, mineralogical and structural information at depths never before tested, critical for planning future deep drilling. This drilling is part of a larger 2025 program of up to 15,000 m, including multiple holes to expand the western trend, the 75 and 552 zones, as well as reconnaissance drilling on the remainder of the property, testing high-priority regional targets.

The first deep hole, MH-25-673, will be the most easterly hole drilled, testing from east to west the deep regional structures of the eastern trend and zones proximal to it. The drill hole will test the full width of what is believed to be the Valentine Lake shear zone and will extend through the inferred southeastern projection of the eastern trend at a planned vertical depth of 650 m. The initial 200 m to 300 m will test ground with no previous drilling, where an unsourced 1988 float sample assayed 10 grams per tonne (g/t) gold (Au).

The second hole, MH-25-674, will be drilled, from west to east, testing the footwall units below the western trend for 463-zone-type veins, continuing to test the inferred 463 zone structure at approximately 650 m vertically below surface. The 463 zone is around 250 m to 300 m vertically below ground, giving a drill intercept of 39.60 m at 12.50 g/t Au, from 295.30 m downhole, including 10.25 m at 41.97 g/t Au, from 312.35 m downhole (see the Dec. 15, 2022, news release). This 463 zone is unique in that it lies in the footwall and is nearly perpendicular to the trend of the adjoining eastern trend zone, possibly representing a feeder conduit.

The third proposed hole is a 500 m stepout to the south of the first deep hole (MH-25-673) to get a better understanding of the regional structures and their trend at depth.

Qualified person (QP)

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

Analytical techniques, and quality assurance and quality control (QA/QC)

Samples, including duplicates, blanks and standards, are submitted to Eastern Analytical Ltd. in Springdale, Nfld., for gold analysis. All core samples submitted for assay are sawcut 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. Eastern Analytical is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible gold are submitted for total pulp metallics with a gravimetric finish. All other samples are analyzed by standard fire assay methods. Total pulp metallic analysis includes: the entire sample being crushed to minus 10 mesh and then pulverized to 95 per cent to 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 (g) 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 are 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 and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The company's primary focus is its portfolio of gold projects, including the 100-per-cent-owned flagship, advanced-stage Moosehead project, Crippleback Lake and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland. These projects target Dalradian-type orogenic gold mineralization, similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company entered a partnership with Benton Resources Inc. through three, large-scale, joint venture properties, including Grey River, Golden Hope and Kepenkeck in Newfoundland.

In October, 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the United States, and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the company's news release dated Oct. 11, 2023.

Projects optioned with optionee fully vested are:

• East Alder project, optioned to Canterra Minerals Inc. (Sokoman retains shares of Canterra plus a 1-per-cent NSR (net smelter return) royalty);
• Startrek project, optioned to Thunder Gold (Sokoman retains shares of Thunder Gold plus a 1-per-cent NSR royalty).

We seek Safe Harbor.