Mr. Alex Klenman reports

ARMORY MINING ANNOUNCES DEBT SETTLEMENT

Armory Mining Corp. intends to settle $181,200 in outstanding debt owed to a former officer of the company for unpaid consulting services. The company has agreed to issue six million common shares of the company at a deemed price of 3.02 cents per share to the former officer.

The company intends to complete the debt settlement to preserve the company's cash for working capital and improve its financial position by reducing its existing liabilities. The debt settlement is expected to close shortly, subject to customary closing conditions, including, but not limited to, finalizing all contractual documentation and receipt of all applicable regulatory approvals, as applicable, including compliance with the policies of the Canadian Securities Exchange (CSE).

The debt settlement shares will be subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the CSE.

About Armory Mining Corp

Armory Mining is a Canadian exploration company focused on minerals critical to the energy, security and defence sectors.

We seek Safe Harbor.