Mr. Mike Hodge reports

SAVILLE RESOURCES ANNOUNCES TERMINATION OF EARN IN AGREEMENT FOR NIOBIUM CLAIM GROUP WITH COMMERCE RESOURCES CORP.

Saville Resources Inc. has entered into a termination and forgiveness of debt agreement with Commerce Resources Corp., whereby the parties have mutually agreed to terminate the earn-in agreement between Commerce and Saville on the niobium claim group property entered into in January, 2018, and extended on Jan. 11, 2023

The niobium claim group property consists of 26 contiguous mineral claims, encompassing an area of approximately 1,223 hectares, and is considered prospective for niobium, tantalum, phosphate and fluorspar. The property includes the Miranna target, where 5.9 per cent Nb2O5 (niobium pentoxide) and 1,220 parts per million Ta2O5 (tantalum pentoxide) have been returned in boulder sampling and 0.72 per cent Nb2O5 over 20.4 metres, including 1.20 per cent Nb2O5 over 3.1 m (EC21-180), has been returned in initial drill testing. Additionally, the property hosts the more advanced Mallard prospect where drilling has returned wide intercepts of mineralization, including 1 per cent Nb2O5 over 17.1 m, within a larger interval of 0.82 per cent Nb2O5 over 42.3 m (EC21-175) (see Saville news release dated Sept. 1, 2022).

The 2022 drill program by Saville targeted the niobium zone previously reported in drill hole EC21-175 farther at depth (EC22-201, 202 and 203) and along strike (EC22-203). The 2022 drill holes, each drilled to 200 m depth, returned well-mineralized niobium intervals, and continue to demonstrate the potential for a sizable niobium mineralized zone to extend from depth to surface, as well as laterally, at the Mallard prospect (see Saville news dated Jan. 23, 2023).

Pursuant to the agreement, Commerce had granted Saville the right to earn a 75-per-cent interest in the property. This right has now been terminated. Commerce also announces that it has forgiven debts owed by Saville, which totalled $369,290.16, accrued as the result of various loans and other advances made by Commerce to Saville.

We seek Safe Harbor.