Mr. Joel Dryer reports

SOUTHERN EMPIRE ANNOUNCES AGM RESULTS

Ron Netolitzky has retired from Southern Empire Resources Corp.'s board of directors. The company has released the results of its annual general meeting of shareholders (the AGM) held on June 27, 2023. The company is exceptionally pleased that Mr. Netolitzky will remain active with Southern Empire as an adviser to the board of directors.

Mr. Netolitzky chose to not stand for reappointment as a director at the AGM as he moves toward retirement. A 2015 Canadian Mining Hall of Fame inductee responsible for multiple mine discovery and development achievements, which included the Snip, Eskay Creek and Brewery Creek mines in Western Canada, Mr. Netolitzky has been a company builder, overseeing many significant mergers and acquisitions in his career. It is with immense gratitude and respect that the company thanks Mr. Netolitzky for helping to build Southern Empire and serving as chairman and director since the company came public in March, 2020.

At the AGM, 25,111,525 common shares of Southern Empire, representing 37.47 per cent of Southern Empire's issued share capital, were voted. All proposed motions were passed, including the appointment of Joel Dryer as a new director filling the vacancy created by Mr. Netolitzky's retirement from the board.

Mr. Dryer graduated from the University of Illinois -- Urbana and holds an MBA from the University of Massachusetts-Amherst. He is the former chairman and chief executive officer of M~Wave Inc., a manufacturer of high frequency circuits for defense and telecommunications, a company he founded and took public on the Nasdaq. As an adviser to Crestview Capital, he was engaged in investments in the mining and oil and gas sectors which led him to become a consultant and advser to companies in the rare earth elements and gold space. Today he is an active investor with a focus on oil and gas production and metals and minerals development opportunities.

Qualified person (QP)

The scientific and technical information contained in this news release has been prepared, reviewed and approved by David Tupper, PGeo (British Columbia), Southern Empire's vice-president, exploration, and a qualified person within the context of Canadian Securities Administrators' National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Southern Empire Resources Corp.

Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in North America.

In the Cargo Muchacho mountains of Imperial county, California, Southern Empire owns 100 per cent of the historical gold-producing American Girl mine patented claims and a 100-per-cent interest in the adjacent 2,160-hectare (5,338-acre) Oro Cruz property, located approximately 22.5 kilometres (14 miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp.

At Oro Cruz, extensive historical drilling and large-scale open-pit and underground mining of the American Girl, Padre y Madre, Queen and Cross oxide gold deposits by the American Girl Mining joint venture (AGMJV) occurred between 1987 and 1996. During that time, gold was recovered by either heap leaching of lower-grade ores or milling of higher-grade ores until AGMJV operations ceased in late 1996 because of declining gold prices, leaving the Oro Cruz property with many gold exploration targets, in addition to a historical inferred mineral resource estimate, reported in 2011 by Lincoln Mining Corp., totalling 341,800 ounces gold based on 4,386,000 tonnes averaging 2.2 grams per tonne gold at a cut-off grade of 0.68 gram per tonne gold (4,835,000 tons at 0.07 ounce per ton gold; please refer to the cautionary notice regarding the Oro Cruz property historical resource estimate).

During 2021 and 2022, Southern Empire identified and obtained four projects in northern Mexico that include a leachable copper prospect and three gold projects having bulk-tonnage potential. The gold projects are:

• The Centauro gold project in Escalon, Chihuahua state;
• The Pedro gold project in Mapimi, Durango state;
• The La Loma gold project in Nazas, Durango state.

These gold projects are located along what Southern Empire is now calling the Mapimi gold corridor, a 150-kilometre, southeast-trending Oligocene tectonostratigraphic belt, the regional geological setting of which, together with numerous, specific geological, mineralogical and geochemical characteristics observed at Centauro, Pedro and La Loma, strongly support the proposition that the Mapimi gold corridor has significant potential to host bulk-minable, Carlin-style gold deposits. Please see Southern Empire's news releases and the March 29, 2023, management discussion and analysis (MD&A) posted on SEDAR for further details.

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