Mr. Peter Berdusco reports

CANADA ONE ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT AND ENTERS INTO INVESTOR RELATIONS AGREEMENT

Canada One Mining Corp. has completed the first tranche of its non-brokered private placement and has issued 10,963,330 units, at a price of 10 cents per unit, for gross proceeds of $1,096,333. Each unit consists of one common share of the company and one-half of one common share purchase warrant, allowing holders to purchase an additional common share at an exercise price of 15 cents until Sept. 5, 2026.

The first tranche of the offering was completed pursuant to the listed issuer financing exemption (the LIFE exemption) as outlined in Part 5A of National Instrument 45-106 -- Prospectus Exemptions and pursuant to the accredited investor exemption as outlined in Part 2 of NI 45-106. The units issued to subscribers in the first tranche under the LIFE exemption are not subject to resale restrictions in accordance with Canadian securities laws. All other securities issued in the offering will be subject to a statutory hold period of four months and one day following issuance.

The net proceeds raised from the offering will to be used to advance exploration and development of the Copper Dome project located south of Princeton, B.C., extinguish liabilities and payables and for general administrative and working capital purposes.

In connection with the completion of the first tranche of the offering, the company paid $4,750 and issued 47,500 warrants to certain arm's-length third parties who assisted in introducing subscribers to the offering. The warrants issued to the finders and any common shares of the company issuable upon exercise of those warrants are subject to restrictions on resale in accordance with Canadian securities laws until Jan. 6, 2023. The company anticipates paying finders' fee to eligible third parties in connection with the completion of the additional tranche of the offering. Closing of the additional tranche of the offering remains subject to the approval of the TSX Venture Exchange.

Investor relations

The company is pleased to announce that it has entered into an investor relations agreement with Strategix Media Inc., effective Sept. 1, 2023, to provide investor relations services. Strategix is a boutique investor relations firm based in Vancouver, B.C., which provides cross-media marketing solutions, including social media, to public companies seeking to increase their corporate awareness.

Strategix has been retained on a 12-month term at a monthly fee of $8,500 plus reasonable out-of-pocket expenses for its services. After the initial 12-month period, either party may terminate the agreement at any time providing the other party with 30 days prior written notice. Strategix is not related to the company and has no interest, directly or indirectly, in the company or its securities. The agreement is subject to TSX Venture Exchange approval.

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