Mr. Meredith Eades reports

STUHINI ANNOUNCES FINAL CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Stuhini Exploration Ltd. has completed its previously announced non-brokered private placement, raising gross proceeds from the second tranche of $314,000 through the issuance of 2,616,667 units at a price of 12 cents per unit. The company issued an aggregate of 4,782,999 units at a price of 12 cents each, for aggregate gross proceeds to the company of approximately $574,000 under the private placement.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of 18 cents per common share for a period of two years following the date of issuance.

The securities issued pursuant to this closing are subject to a regulatory resale hold period ending Jan. 8, 2025.

Finders' fees were paid to Haywood (as to $1,440), National Bank Financial (as to $1,200) and EDE Assets (as to $13,500) in connection with this closing.

The company intends to use the net proceeds from the private placement: (i) to support exploration and advancement of its flagship Ruby Creek project, including continuing technical evaluation and groundwork to guide future drill targeting and development; and (ii) for corporate initiatives and general working capital.

About Stuhini Exploration Ltd.

Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in Western Canada. The company's portfolio of exploration properties includes the flagship Ruby Creek property, 16 kilometres east of Atlin, B.C., the South Thompson nickel project, 35 kilometres northwest of Grand Rapids, Man., and the Big Ledge property, 57 kilometres south of Revelstoke, B.C.

We seek Safe Harbor.