Mr. Sylvain Laberge reports

1844 ANNOUNCES EXTENSION TO THE PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF UP TO $2,000,000

1844 Resources Inc., further to its news releases dated June 9, 2023, and July 20, 2023, has arranged a 30-day extension of its previously announced non-brokered private placement to finalize remaining subscriptions and co-ordinate an orderly closing. The company is keeping the same terms as previously announced and will raise up to 57,142,858 units at 3.5 cents per unit for gross proceeds of up to $2-million.

The units will consist of one common share of the company and one common share purchase warrant. The warrants are exercisable for a period of 36 months from closing and the exercise price is 5.5 cents per warrant.

In connection with the offering, the company will pay an 8-per-cent cash finder's fee and 8 per cent in non-transferable share purchase warrants, each warrant entitling the holder thereof to purchase one common share of the company at a price of five cents per share for a period of 12 months from closing.

1844 will use the net proceeds from the offering in connection with its option to acquire the Hawk Ridge project, for exploration on the Hawk Ridge project and for general corporate purposes. Sylvain Laberge, president and chief executive officer of the company, commented: "The option to acquire a 100-per-cent interest in the Hawk Ridge project is transformational for 1844. Hawk Ridge is expected to become one of the flagship properties of the company and is expected to add to our existing portfolio of copper and other critical mineral projects in coastal Quebec."

For more details on the company's option to acquire the Hawk Ridge project, see the company's news releases dated March 6, 2023, and March 7, 2023. The company originally announced the offering on April 12, 2023. Copies of the company's news releases are available under the company's profile on SEDAR+. The company's option to acquire the Hawk Ridge project remains subject to exchange approval.

About 1844 Resources Inc.

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

We seek Safe Harbor.