Mr. Sylvain Laberge reports

1844 CONSIDERS QUEBEC MINISTRY OF FORESTS' LETTER REGARDING EXPLORATION PERMIT FOR THE VORTEX PROPERTY

On May 17, 2022, the Quebec Ministry of Forests, Fauna and Parks (the MFFP) issued a letter to 1844 Resources Inc. It is MFFP's intention to deny the company's application for an intervention permit relating to the development of eight exploratory drilling sites at the company's Vortex property. The company has decided not to pursue any work programs at the Vortex property for at least the next 12 months while the company considers the letter.

About 1844 Resources Inc.

1844 Resources is an exploration company with a focus on strategic and energetic metals and underexplored regions in Gaspe, Chibougamau, Que. With a dedicated management team, the company has a goal to create shareholder value through the discovery of new deposits.

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