File: Attachment Sanatana Resources News Release Announcing Consolidation of Common Shares November 2024.pdf

1910 925 West Georgia Street, Vancouver, BC V6C 3L2 Ph: 604.408.6680

investor@sanatanaresources.com www.sanatanaresources.com TSX.V: STA

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

SANATANA ANNOUNCES PROPOSED SHARE CONSOLIDATION AND WARRANT EXTENSION

Vancouver, British Columbia--(Newsfile Corp. December 16, 2024) - Sanatana Resources Inc. ("Sanatana" or the "Company": TSX-V: STA) announces that it intends to consolidate its common shares in the capital of the Company (the "Shares") on a seven for one basis (the "Share Consolidation").

The Company currently has 102,542,965 Shares issued and outstanding. Following the proposed Share Consolidation, the Company will have approximately 14,648,995 Shares issued and outstanding.

In accordance with the Company's articles, shareholder approval will not be required for the proposed Share Consolidation. The proposed Share Consolidation has been approved by the Company's board of directors (the "Board") but remains subject to the approval of the TSX Venture Exchange.

The Company will issue a further news release to announce the effective date of the Share Consolidation.

The Board believes that the Share Consolidation will provide the Company with greater flexibility for the continued development of its business and the growth of the Company, including financing arrangements. There is no change of business associated or being effected with respect to the Share Consolidation. In addition, the Company will not be changing its name in connection with the Share Consolidation.

The Company will be obtaining a new CUSIP and ISIN number for the Share Consolidation. The record date and effective date of the Share Consolidation, and the new CUSIP and ISIN numbers, will be disclosed in a subsequent news release. The Share Consolidation is subject to regulatory approval, and the Board may, at its discretion, determine to amend the terms or to not move forward with the Share Consolidation.

Warrant Extension

The Company also announces that it intends to extend the exercise period of a total of 5,500,000 common share purchase warrants exercisable at $0.15 per common share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement which closed on December 30, 2022. The Company proposes to extend the expiry dates for these Warrants by one additional year, and accordingly, the new expiry dates for the Warrants will be December 30, 2025.

All other terms and conditions of the Warrants remain unchanged (except that the Warrants will be adjusted by the Share Consolidation). The Warrant extension is subject to acceptance by the TSX Venture Exchange.

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About the Company

Sanatana Resources Inc. 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 (TSX-V: STA).

SANATANA RESOURCES INC.

(signed) "Peter Miles"

Peter Miles President and Chief Executive Officer

For additional information on the Company, please contact Mr. Peter Miles, President and Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.

To be added to the email distribution list, please email ir@sanatanaresources.com with "Sanatana" in the subject line.

Cautionary Statement Regarding "Forward-Looking" Information

Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements related to the Share Consolidation, the impact of the Share Consolidation on the Company's business and financing opportunities, and the extension of the Warrants.

Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control including, but not limited to, regulatory approval for the Share Consolidation. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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File: '\\swfile\EmailIn\20241216 133642 Attachment Sanatana Resources - News Release Announcing Consolidation of Common Shares - November 2024.doc'

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LEGAL_45453473.4

1910 - 925 West Georgia Street, Vancouver, BC V6C 3L2

Ph: 604.408.6680

investor@sanatanaresources.com

www.sanatanaresources.com

TSX.V: STA

LEGAL_45453473.4

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

SANATANA ANNOUNCES PROPOSED SHARE CONSOLIDATION AND WARRANT EXTENSION

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Sanatana Resources Inc. ("Sanatana" or the "Company": TSX-V: STA) announces that it intends to consolidate its common shares in the capital of the Company (the "Shares") on a seven for one basis (the "Share Consolidation").

The Company currently has 102,542,965 Shares issued and outstanding. Following the proposed Share Consolidation, the Company will have approximately 14,648,995 Shares issued and outstanding.

In accordance with the Company's articles, shareholder approval will not be required for the proposed Share Consolidation. The proposed Share Consolidation has been approved by the Company's board of directors (the "Board") but remains subject to the approval of the TSX Venture Exchange.

The Company will issue a further news release to announce the effective date of the Share Consolidation.

The Board believes that the Share Consolidation will provide the Company with greater flexibility for the continued development of its business and the growth of the Company, including financing arrangements. There is no change of business associated or being effected with respect to the Share Consolidation. In addition, the Company will not be changing its name in connection with the Share Consolidation.

The Company will be obtaining a new CUSIP and ISIN number for the Share Consolidation. The record date and effective date of the Share Consolidation, and the new CUSIP and ISIN numbers, will be disclosed in a subsequent news release. The Share Consolidation is subject to regulatory approval, and the Board may, at its discretion, determine to amend the terms or to not move forward with the Share Consolidation.

Warrant Extension

The Company also announces that it intends to extend the exercise period of a total of 5,500,000 common share purchase warrants exercisable at $0.15 per common share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement which closed on December 30, 2022. The Company proposes to extend the expiry dates for these Warrants by one additional year, and accordingly, the new expiry dates for the Warrants will be December 30, 2025.

All other terms and conditions of the Warrants remain unchanged (except that the Warrants will be adjusted by the Share Consolidation). The Warrant extension is subject to acceptance by the TSX Venture Exchange.

About the Company

Sanatana Resources Inc. 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 (TSX-V: STA).

SANATANA RESOURCES INC.

(signed) "Peter Miles"

Peter Miles

President and Chief Executive Officer

For additional information on the Company, please contact Mr. Peter Miles, President and Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.

To be added to the email distribution list, please email ir@sanatanaresources.com with "Sanatana" in the subject line.

Cautionary Statement Regarding "Forward-Looking" Information

Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements related to the Share Consolidation, the impact of the Share Consolidation on the Company's business and financing opportunities, and the extension of the Warrants.

Forward-looking statements and information can be identified by the use of words such as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond Sanatana's control including, but not limited to, regulatory approval for the Share Consolidation. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.