Mr. Denis Laviolette reports

EARTHLABS REPORTS RESULTS FOR THE THIRD QUARTER OF 2023

Earthlabs Inc. has released the unaudited consolidated financial results for three and nine months ended Sept. 30, 2023, of the company.

"Amidst a challenging junior resource market, EarthLabs stands resilient, focusing on long-term strategic positioning," said Denis Laviolette, Executive Chairman and CEO of EarthLabs. "With the acquisition of key media assets and a robust investment and cash reserve, we're not just enduring the storm but redefining the landscape. Our portfolio, now enhanced with the Northern Miner, Canadian Mining Journal, and MINING.COM, empowers us to innovate and enhance the way information is shared in the mining sector. Our vision remains steadfast-EarthLabs is building a legacy in the mining investment and technology sphere."

Highlights for the three-months period ended September 30, 2023:Advertising revenue of $440,430 as compared to $1,040,933 for the three months ended September 30, 2022;Net investment losses of $3,749,013 from our investment portfolio as compared to net investment losses of $3,747,401 for the three months ended September 30, 2022; Net loss from operations of $5,867,847 (basic loss per share of $0.04) as compared to net loss from operations of $3,818,176 (basic loss per share of $0.03) for the three months ended September 30, 2022;Net loss and comprehensive loss of $5,867,847 (basic loss per share of $0.04) as compared to net loss and comprehensive loss of $4,673,444 (basic loss per share of $0.04) for the three months ended September 30, 2022.

Highlights for the nine-months period ended September 30, 2023:Completed the nine-month period with total cash and cash equivalents, due from brokers, investments and equity investments of $47,949,324 as compared to $52,546,191 as of December 31, 2022;Advertising revenue of $1,529,244 as compared to $1,646,605 for the nine months ended September 30, 2022;Net investment losses of $1,014,059 from our investment portfolio as compared to net investment losses of $12,089,495 for the nine months ended September 30, 2022; Net loss from operations of $5,403,056 (basic loss per share of $0.04) as compared to net loss from operations of $13,664,107 (basic loss per share of $0.10) for the nine months ended September 30, 2022;Net loss and comprehensive loss of $5,403,056 (basic loss per share of $0.04) as compared to net loss and comprehensive loss of $14,194,686 (basic loss per share of $0.10) for the nine months ended September 30, 2022. Subsequent to September 30, 2023, the Company announced that it has entered into a definitive agreement with Glacier Media Inc. and its wholly-owned subsidiary Glacier Rig Ltd. under which EarthLabs will acquire The Northern Miner Group ("TNM Group"), a leading group of mining media brands including The Northern Miner ("TNM"), Canadian Mining Journal ("CMJ") and MINING.COM. The consideration for the acquisition of the TNM Group consists of the aggregate cash payment of $4,000,000, subject to working capital adjustments. There are no finder's fees associated with the acquisition and the Company is not assuming any material debt from Glacier Rig Ltd. The acquisition is expected to close before December 1, 2023, and remains subject to customary closing conditions and the approval of the TSX Venture Exchange.

Summary of financial results

The following are selected unaudited consolidated financial results as at and for the three and nine months ended September 30, 2023, with comparatives:

About EarthLabs Inc.

EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) is a mining investment and technology company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services.

We seek Safe Harbor.