Mr. Carl Esprey reports

WARABA GOLD LIMITED ANNOUNCES PRIVATE PLACEMENT TO FUND EXPLORATION ACTIVITIES

Waraba Gold Ltd. has arranged a non-brokered private placement financing for gross proceeds of up to $1-million through the issuance of up to 33,333,333 common shares in the capital of the corporation at a price of three cents per share. Proceeds raised from the private placement will be used to finance the company's immediate exploration activities.

The common shares issued under the private placement will be subject to a statutory hold period expiring four months and one day from the date of issuance. Closing of the private placement may be completed in one or more tranches with the closing of first tranche expected to occur on or about the first week of April, 2024, with closing and pricing thereof subject to the review and approval of the Canadian Securities Exchange.

This private placement follows the company's closing of its prior private placement of common shares, as disclosed in its press release dated March 13, 2024, where the company announced the first tranche closing of $276,677.97 through the issuance of 9,222,599 common shares at a price of three cents per common share. There were no closings on any additional tranches subsequent to the closing of the first tranche.

About Waraba Gold Ltd.

The company is a resource exploration company that is acquiring and exploring mineral properties. The company is a reporting issuer in the provinces of British Columbia and Alberta. The company's common shares trade on the Canadian Securities Exchange under the trading symbol WBGD and on the Frankfurt Stock Exchange under the trading symbol ZE0.

We seek Safe Harbor.