Mr. Michel Desjardins reports

GOLDFLARE ANNOUNCES THE EFFECTIVE DATE OF ITS SHARE CONSOLIDATION

The effective date of Goldflare Exploration Inc.'s share consolidation will be Wednesday, Sept. 4, 2024. Following the favourable vote from shareholders at the annual and special meeting held on Aug. 21 (see press releases dated July 24, 2024, and Aug. 26, 2024), the company has obtained all the required approvals, including from the TSX Venture Exchange.

The number of shares issued and outstanding as of the date of this press release is 123,364,533 shares and, based on the approved consolidation ratio of five old shares for one new share, the number of shares issued and outstanding on the effective date is expected to be 24,672,899 (subject to rounding down fractional shares). The new Cusip number and international securities identification number for the securities will be 38150E206 and CA38150E2069, respectively.