Mr. Richard Williams reports

TERRENO RESOURCES RESULTS OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

Terreno Resources Corp. has released the results of the meeting of shareholders held on Sept. 29, 2023.

Shareholders representing 18,635,063 shares, or over 29 per cent of the issued and outstanding shares, voted at the meeting.

The audited financials statements for the fiscal year ended March 31, 2023, were accepted as presented and Simone & Company was reappointed auditor of the company for the ensuing year by 100 per cent of the vote.

The number of directors was set at three and George A. Brown, Joseph Del Campo and Richard Williams were re-elected as directors of the company.

The continuation of the existing stock option plan was approved by 100 per cent of the vote.

The special resolution to approve the issue of up to 20 million common shares over four years to obtain the remaining 40 per cent of the Las Cucharas gold and silver project was approved by 64.5 per cent of the vote.

At the board meeting held subsequent to the shareholders meeting, the directors appointed Mr. Williams as president and chief executive officer and Carmen Yuen as treasurer and corporate secretary.

Terreno announces that Mr. Brown is retiring from his position as president and CEO due to serious health issues. Mr. Brown has been battling throat cancer over this last year and he has decided to reduce his day-to-day involvement as he recovers from radiation and chemo treatments. The board wishes to thank Mr. Brown for his years of service as CEO since June, 2017.

We seek Safe Harbor.