Mr. Andrew Dinning reports

SARAMA ANNOUNCES TRADING HALT

Sarama Resources Ltd.'s CHESS (Clearing House Electronic Subregister System) depositary interests on the Australian Securities Exchange and its common shares on the TSX Venture Exchange have been halted at the request of the company pending the release of an announcement in relation to a potential equity raise.

The trading halt will continue on the ASX until the earlier of the company releasing an announcement in relation to the potential equity raising, or the commencement of trading on Dec. 18, 2023. The company will confirm when the trading halt will be lifted on the TSX-V after discussions with the TSX-V and CIRO (Canadian Investment Regulatory Organization), the TSX-V's regulation service provider.