Mr. Sylvain Laberge reports

1844 ANNOUNCES CHANGES TO SHORT FORM PROSPECTUS OFFERING AND PRIVATE PLACEMENT OF FLOW-THROUGH COMMON SHARES

Due to current market conditions the company has changed the size of and repriced its short form prospectus offering previously announced on May 4, 2022, from 15,625,000 common shares at a price of eight cents per common share to 15 million common shares at a price of five cents per common share. Closing of the offering remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The net proceeds of the offering will be used for continuing exploration expenditures on the company's properties and general corporate purposes.

The company will also be undertaking a non-brokered private placement of four million flow-through common shares at a price of eight cents per FT share. The FT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) and will be sold on a charitable flow-through basis. The proceeds of the sale of the private placement will be used to finance Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) to be incurred by no later than Dec. 31, 2023, for renunciation to investors in the private placement effective Dec. 31, 2022.

The shares under the private placement will be subject to a four-month hold period and will not be offered or registered in the United States. Closing of the private placement is anticipated to occur on or before July 30, 2022, and is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and the receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

A finder's fee of cash, shares or warrants, or a combination thereof, may be paid to eligible finders with respect to the private placement.

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.

We seek Safe Harbor.