An anonymous director reports

CASTLEBAR CAPITAL COMPLETES $152,000 PRIVATE PLACEMENT

Castlebar Capital Corp. has closed a non-brokered private placement offering of 1.52 million common shares at a price of 10 cents per share for aggregate gross proceeds of $152,000. The proceeds of the offering will be used for identification and evaluation of assets or businesses with a view to completing a qualifying transaction, and general working capital purposes. All securities issued pursuant to the offering are subject to a statutory hold period ending July 7, 2024. The offering is subject to TSX Venture Exchange acceptance of regulatory filings.

The purchase of 200,000 shares pursuant to the offering by Gary Economo, a director and officer of the company, constituted a related party transaction as such term is defined by Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The company was exempt from the MI 61-101 valuation and minority approval requirements for related party transactions in connection with the offering because the company was not listed on a stock exchange specified in Section 5.5(b) of MI 61-101, and neither the fair market value of the shares purchased by the related party, nor the proceeds to be received by the company in respect of the related party's participation in the offering, exceeded $2.5-million. The shares purchased by the related party have been deposited in escrow in accordance with the policies of the TSX-V.

About Castlebar Capital Corp.

Castlebar is a capital pool company in accordance with TSX-V Policy 2.4, and its principal business is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction.

We seek Safe Harbor.