Mr. Lincoln Greenidge reports

PASOFINO GOLD PROVIDES CORPORATE UPDATE

Neil Herbert has departed from Pasofino Gold Ltd.'s board of directors. Mr. Herbert has been a director with Pasofino since February, 2021.

Krisztian Toth, chairman of the board of Pasofino, commented: "We would like to express our sincere gratitude to Neil for his tireless contributions towards the completion of the Dugbe gold project feasibility study last year and his ongoing efforts in highlighting the underexplored potential of this asset. We appreciate that Neil's role at Atlantic Lithium has grown substantially and that, with Atlantic Lithium moving toward development, Neil's time is becoming more and more limited.

"On behalf of the Pasofino board and management, we wish Neil all the best for the future."

About Pasofino Gold Ltd.

Pasofino is a Canadian-based mineral exploration company listed on the TSX Venture Exchange (VEIN).

Pasofino, through its wholly owned subsidiary, owns a 49-per-cent economic interest (prior to the issuance of the government of Liberia's 10-per-cent carried interest) in the Dugbe gold project.

Pasofino has exercised its option to consolidate ownership in the Dugbe gold project by converting Hummingbird Resources PLC's 51-per-cent ownership of the project for a 51-per-cent shareholding in Pasofino, such that Pasofino would own 100 per cent of the project (prior to the government of Liberia's 10-per-cent carried interest), subject to the receipt of all required approvals, including the TSX Venture Exchange and shareholder approval.

We seek Safe Harbor.