Mr. Bryson Goodwin reports

STAMPER OIL & GAS CORP. ANNOUNCES FINANCING OF UP TO $700,000.00

Stamper Oil & Gas Corp. has arranged a non-brokered private placement of aggregate gross proceeds to the company of up to $500,000 through the sale of 6.25 million units at eight cents per unit.

Each unit will consist of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at an exercise price of 8.5 cents per share for a period of 36 months from the closing date.

Flow-through offering

The company will also be offering a non-brokered private placement for up to 2.5 million flow-through units in the capital of the company at a price of eight cents per FT unit for gross proceeds of up to $200,000.

Each unit will consist of one common FT share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at an exercise price of 8.5 cents per share for a period of 36 months from the closing date. Each FT share will be issued as a flow-through share as such term is defined in Subsection 66(15) of the Income Tax Act (Canada) and associated regulations made thereunder. All warrants issued in the financings are subject to accelerated expiry in the event that, if, after four months from the date of issue, the closing price of the common shares of the company on the TSX Venture Exchange is equal to or greater than 50 cents for a period of five consecutive trading days, the company will have the right to accelerate the expiry time of the warrants by giving notice to the holders of the warrants by news release or other form of notice permitted.

The flow-through portion of the financing will be used to explore the Redonda copper asset located in British Columbia, Canada.

All securities issued in the financings will be subject to a statutory hold period expiring four months and one day after closing of the financings. Completion of the financings is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the TSX Venture Exchange.

The company may, in its sole discretion, pay a finder's fee within TSX-V policy guidelines in connection with the financings.

The proceeds of the private placements will be used to advance the company's exploration project and for working capital purposes.

As the company has been fielding inquiries on the status of the letter of intent with North American Minerals Inc. (see news releases dated Oct. 21, 2022, Jan. 23, 2023, and March 24, 2023), Stamper's letter of intent (LOI) with North American Minerals expired on May 8, 2023, and no further negotiations have occurred since this time.

About Stamper Oil & Gas Corp.

Stamper (TSX Venture Exchange: STMP) is a resource company, seeking to acquire interests in mineral and/or oil and gas resource properties. The company is committed to creating sustainable shareholder value by evaluating and developing future prospects into commercially viable assets.

We seek Safe Harbor.