Mr. David Patterson reports

BOBA MINT HOLDINGS LTD. OBTAINS CONDITIONAL LISTING APPROVAL AND CLOSES A FIFTH TRANCHE OF ITS FINANCING

Snowy Owl Gold Corp. has obtained the conditional listing approval from the Canadian Securities Exchange for Boba Mint Holdings Ltd., the issuer resulting from a fundamental change of Snowy Owl, in connection with the previously announced transaction with Bluecorp Capital Corp. (doing business as Boba Mint), a developer of blockchain mobile games. The company filed its final CSE listing statement on April 19, 2024, and is proceeding with the closing of the formal transaction. The name change of Snowy Owl to Boba Mint Holdings Ltd. and the amalgamation of Bluecorp Capital Corp. with 1381603 B.C. Ltd., being Snowy Owl's wholly owned subsidiary, closed on April 22, 2024. The company will be providing a further update to shareholders once the formal listing date is confirmed. The new Cusip number for the common shares of the company following its name change will be 096775101. The symbol TNJ has been reserved for the common shares.

The company also announces that it has completed a fifth closing of its previously announced (please see news releases of Nov. 15, 2023, Dec. 21, 2023, Jan. 2, 2024, Jan. 26, 2024, and March 4, 2024) private placement by issuing a total of 600,000 subscription receipts, at an issue price of five cents per subscription receipt, for aggregate gross proceeds to the company of $30,000. The total proceeds raised from the five closings combined are $850,000.

Having obtained the conditional listing approval of the CSE and pursuant to the terms of the subscription receipt agreement dated Nov. 27, 2023, among the company, EMD Financial Inc. and Endeavor Trust Corp., each subscription receipt was exchanged in accordance with the terms of the subscription receipt agreement, without payment of additional consideration or further act or formality on the part of the holder thereof, for one common share in the capital of the company and one common share purchase warrant of the company. Each underlying warrant entitles the holder to acquire one additional common share of the company at an exercise price of five cents per share for a period of 36 months from the closing date on which the subscription receipts were issued. As the escrow release conditions under the subscription receipt agreement were met, the escrow agent released the escrowed funds, including the earned interest earned thereon.

In connection with the fifth closing of the offering, the company will remit a finder's fee to EMD Financial Inc., consisting of: (i) a cash fee of $3,000; (ii) 30,000 finder warrants entitling the holder thereof to purchase up to 30,000 common shares, at an exercise price of five cents, for a period of 36 months from the closing date; and (iii) 30,000 common shares, at an issue price of five cents.

The subscription receipts were issued to accredited investors. The net proceeds from the offering will be used to finance the business of Boba Mint as the resulting issuer of the transaction.

About Snowy Owl Gold Corp.

Snowy Owl is a mineral exploration company focused on acquiring, exploring and developing gold projects in Quebec, Canada.

We seek Safe Harbor.