Mr. Michael Gunning reports

VR CLOSES FINANCING AND FINALIZES PLANS TO MOBILIZE DRILL PROGRAM AT NEW BOSTON

VR Resources Ltd. has closed the previously announced $900,000 financing and plans are now under way to mobilize the drill program at its New Boston porphyry copper-moly system in Nevada.

The terms of the financing are unchanged from those announced on March 22, 2024. The company has issued 5,982,665 units at a price of 15 cents per unit for gross proceeds of $897,400. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 20 cents per common share until Sept. 27, 2025.

The company paid cash fees totalling $30,999 in connection with certain placements into the financing.

The securities that were issued under the financing are subject to a statutory four-month-and-one-day hold period expiring on July 28, 2024.

An insider of the company participated in the financing for an aggregate amount of 333,333 units. Such participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. In completing such transaction, VR relied on the applicable exemptions from the valuation requirement and minority securityholder approval requirements available under sections 5.5(a) and 5.7(a) of MI 61-101, respectively, on the basis that the participation in the financing by the insider did not exceed 25 per cent of the company's market capitalization.

Use of proceeds going forward

VR will use the net proceeds of the financing for its mineral exploration business and more specifically toward the pending drill program planned for the polymetallic copper-moly-silver porphyry-skarn system on its New Boston property, located in west-central Nevada.

About VR Resources Ltd.

VR is an established junior exploration company based in Vancouver (TSX Venture Exchange: symbol VRR; Frankfurt Stock Exchange: symbol 5VR; OTCQB: symbol VRRCF). VR evaluates, explores and advances large-scale, blue-sky opportunities in copper, gold and critical metals in Nevada and Ontario. The company has also made Canada's newest diamond discovery in Northern Ontario and controls a new field of kimberlite targets around it. VR applies modern exploration technologies and leverages in-house experience and expertise in greenfields exploration to large-footprint mineral systems in underexplored areas/districts. The foundation of VR is the proven record of its board in early-stage exploration, discovery and M&A (merger and acquisition). The company is well financed for its mineral exploration and corporate obligations. VR owns its properties outright and evaluates new opportunities on a continuing basis, whether by staking or acquisition.

We seek Safe Harbor.