File: '\\swfile\EmailIn\20241023 133039 Attachment 2024 10 23 - CONE - NR - Extension of PP - final V3.docx'

LEGAL*58623906.2

#250 - 750 West Pender St. Vancouver, British Columbia, V6C 2T7

CANADA ONE ANNOUNCES EXTENSION OF PRIVATE PLACEMENT

Vancouver, B.C., October 23, 2024 - Canada One Mining Corp. ("Canada One" or the "Company") (TSXV: CONE) (OTC: COMCF) (FSE: AU31) announces that it has extended the closing of its private placement (the "Financing"), previously announced on July 9th and September 17th, 2024. The closing of the Financing has now been extended to December 10th, 2024.

The Company intends to use the net proceeds of the Private Placement to fund its exploration and development of the Company's properties, extinguish liabilities and payables and for general administrative and working capital expenses. It is estimated that up to 10% of the net proceeds may be used to pay investor relations or market making services. It is also estimated that up to 10% of the net proceeds may be used to pay non-arms length parties. The Company may pay finder's fees as permitted by the policies of the TSXV and applicable securities laws.

The Financing is subject to customary closing conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV.

About Canada One

Canda One is a premier resource exploration company operating in Canada. From exploration to discovery to resource development, the Company is focused on creating growth and generating value for its investors and communities as it meets the growing global demand for critical metals. Copper Dome is the Company's flagship project with its northern border situated 1.5kms from Hudbay Mineral's Copper Mountain Mine deposits.

For further information, interested parties are encouraged to visit the Company's website at www.canadaonemining.com, or contact the Company by email at ir@strategixir.com, or by phone at 1.877.844.4661.

On behalf of the Board of Directors of

CANADA ONE MINING CORP.

Peter Berdusco

President and Chief Executive Officer

Forward-Looking Statements

This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: statements relating to the anticipated timing thereof and the intended use of proceeds. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of the referenced assessments and analysis. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

TSX Venture Exchange Disclaimer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.