An anonymous director reports

USHA RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Subject to the final approval of the TSX Venture Exchange, Usha Resources Ltd. has closed its non-brokered private placement of $249,999.96 through the issuance of 1,785,714 flow-through shares at 14 cents per FT share.

The FT shares qualify as flow-through shares for purposes of the Income Tax Act (Canada). The company will renounce said expenditures to the investors for the taxation year ending Dec. 31, 2023.

The company intends to use the net proceeds from the private placement to incur Canadian exploration expenses on its projects in Ontario prior to Dec. 31, 2023.

The company paid finders' fees in the amount of $17,500 and issued 125,000 non-transferable finders' warrants to GloRes Securities Inc. Each finder's warrant is exercisable at 20 cents per common share for a period of two years from the date of closing of the private placement.

All securities issued are subject to the exchange hold period and a four-month-and-one-day hold period, pursuant to securities laws in Canada, expiring on Feb. 18, 2024.

About Usha Resources Ltd.

Usha Resources is a North American mineral acquisition and exploration company focused on the development of quality lithium metal properties that are drill ready with high upside and expansion potential. Based in Vancouver, B.C., Usha's portfolio of strategic properties provides target-rich diversification and includes Jackpot Lake, a lithium brine project in Nevada, and White Willow, a lithium pegmatite project in Ontario that is the flagship among its growing portfolio of hardrock lithium assets.