Mr. Tim Heenan reports

MIRASOL RESOURCES INCREASES PRIVATE PLACEMENT FINANCING

Due to strong demand, Mirasol Resources Ltd. has increased its previously announced non-brokered private placement from 6,666,666 units to 11,111,111 units at a price of 45 cents per unit. The aggregate gross proceeds of the offering are expected to be up to $5-million instead of the originally announced $3-million.

Mirasol's president and chief executive officer, Tim Heenan, noted: "We are very encouraged by the strong demand for the placement. The proceeds will be used primarily to advance the exploration program at the company's Sobek property, including drill testing priority targets."

In all other respects, the terms of the placement will be as announced on Sept. 25, 2024. The placement is expected to close on or about Oct. 25, 2024.

Completion of the placement is subject to acceptance by the TSX Venture Exchange.

About Mirasol Resources Ltd.

Mirasol is a well-financed exploration company with 20 years of operating, permitting and community relations experience in the mineral-rich regions of Chile and Argentina. Mirasol is currently self-financing exploration at the flagship Sobek copper-gold project located in the Vicuna copper-gold-silver district of northeastern Chile and controls 100 per cent of the high-grade Virginia silver deposit in Argentina. Mirasol also continues to advance a strong pipeline of highly prospective early- and mid-stage projects.

We seek Safe Harbor.