Mr. Peter Miles reports

SANATANA ANNOUNCES PRIVATE PLACEMENT FOR UP TO $1,000,000 IN GROSS PROCEEDS

Sanatana Resources Inc. has arranged a non-brokered private placement of up to 4,166,667 flow-through (FT) units of the company priced at 12 cents per FT unit and up to five million non-flow-through (NFT) units of the company priced at 10 cents for aggregate gross process of up to $1-million.

Each FT unit will consist of one common share in the capital of the company, which will be designated as a flow-through share pursuant to the Income Tax Act (Canada), and one non-flow-through share purchase warrant. Each NFT unit will consist of one share and one share purchase warrant. Each FT unit warrant or NFT unit warrant will entitle the holder to purchase one non-flow-through share at a price of 15 cents per share for a period of 36 months from the date of closing of the private placement. The FT unit warrants and the NFT unit warrants are non-transferable.

In connection with the private placement, the company may pay finders' fees to certain arm's-length parties in accordance with the rules of the TSX Venture Exchange in consideration for their efforts in introducing subscribers to the company. Finders' fees related to FT unit subscribers will be paid from funds raised by the sale of NFT units.

The company reserves the right to increase or decrease the amount of FT units and NFT units offered under the private placement, provided that the maximum gross proceeds for both the FT units and NFT units issued shall be $1-million.

Closing is subject to a number of prescribed conditions, including, without limitations, approval of the TSX Venture Exchange. The securities to be issued under the private placement will be offered by way of private placement in the provinces of British Columbia, Alberta and Ontario, and such other provinces or territories of Canada as may be determined by the company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the private placement will be subject to a four-month hold period, which will expire four months and one day from the date of closing of the private placement.

The proceeds from the sale of NFT units will be used for general working capital expenses, administrative expenses and exploration expenses. The proceeds from the sale of the FT units will be used by the company for exploration in British Columbia.

About Sanatana Resources Inc.

Sanatana Resources is a mineral exploration and development company focused on high-impact properties in Canada. With an award-winning technical team and experienced management and board of directors, Sanatana is based in Vancouver and is listed on the TSX Venture Exchange.

Sanatana's principal project is the Oweegee Dome copper-gold porphyry property, which the company optioned from Arcwest Exploration Inc. (see the company's news release dated July 21, 2021).

The Oweegee Dome copper-gold porphyry property is situated 40 kilometres east of the KSM-Brucejack-Treaty Creek cluster of base and precious metal deposits, and is underlain by similar geologic conditions, Stuhini Group (Tiassic-age) host rocks, intrusions of the right age, alteration, and porphyry-style copper-gold-silver-molybdenite mineralization.

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