Mr. Peter Miles reports

SANATANA ANNOUNCES UPDATE TO PRIVATE PLACEMENT

Further to Sanatana Resources Inc.'s news release of Dec. 15, 2023, announcing a private placement of flow-through units and non-flow-through units, the company has reduced the subscription price of FT units from 12 cents per FT unit to 10 cents per FT unit, and the subscription price of NFT units from 10 cents per NFT unit to eight cents per NFT unit. The company intends to raise the same amount of up to $1-million from the private placement. All other terms of the FT units, NFT units and the private placement remain the same as disclosed in the Dec. 15, 2023, news release.

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-V. 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 in connection with the company's Oweegee property.

About Sanatana Resources Inc.

Sanatana Resources is a mineral exploration and development company with an experienced management team and board of directors. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSX-V: STA).

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