Mr. Denis Laviolette reports

EARTHLABS REPORTS RESULTS FOR THE FIRST QUARTER OF 2023

Earthlabs Inc. has released its unaudited consolidated financial results for three months ended March 31, 2023.

"We are proud of the performance Earthlabs has shown in the first quarter of 2023," said Denis Laviolette, executive chairman and chief executive officer of Earthlabs. "Our 728.9-per-cent increase in total revenue, including a 94.2-per-cent increase in advertising revenue as compared to Q1 2022, underscores the effectiveness of our strategic acquisitions and the unique value proposition we offer. Moreover, our reported net investment gains of $3,428,775 from our investment portfolio are a significant turnaround from the same period last year as we deploy capital into compelling opportunities. These results are a testament to the hard work of our team and the trust our shareholders and clients have in us. As we move forward, we remain focused on our commitment to maximizing torque to the junior resource sector and delivering superior value to our stakeholders."

Highlights for the three months period ended March 31, 2023:

• Advertising revenue of $790,494, as compared with $406,981 for the three months ended March 31, 2022;
• Net investment gains of $3,428,775 from the company's investment portfolio, as compared with net investment losses of $258,474 for the three months ended March 31, 2022;
• Net income from operations of $2,265,931 (basic earnings per share of two cents), as compared with net loss from operations of $872,749 (basic loss per share of nil) for the three months ended March 31, 2022;
• Net income and comprehensive income of $2,265,931 (basic earnings per share of two cents), as compared with net loss and comprehensive loss of $619,058 (basic loss per share of nil) for the three months ended March 31, 2022.

Summary of financial results

The attached table provides selected unaudited consolidated financial results as at and for the three months ended March 31, 2023, with comparatives.

About Earthlabs Inc.

Earthlabs is a mining investment and technology company that aims to maximize torque to the junior resource sector with $50-million in cash and investments, a royalty portfolio and a full suite of data-driven media SaaS (software-as-a-service) tools and services, including CEO.ca, the largest social media platform for resource investors, and DigiGeoData, a software-based interactive mapping interface that provides earth modeling, geology data management and specialized financial products.

We seek Safe Harbor.