Mr. Sylvain Laberge reports

1844 ANNOUNCES CLOSING OF FLOW-THROUGH PRIVATE PLACEMENT

1844 Resources Inc. has closed its non-brokered private placement of flow-through units previously announced on Sept. 23, 2023, and Nov. 10, 2023. The company issued 3,587,500 FT units at a price of $0.03 per FT unit for aggregate gross proceeds of $107,625. Each FT unit consists of one common share, issued as a flow-through share within the meaning of the Income Tax Act (Canada), and one-half of one common share purchase warrant. Each FT unit warrant entitles the holder thereof to acquire one common share in the capital of the company at a price of five cents for a period of 36 months following the closing of the FT unit offering.

1844 will use the gross proceeds of the FT unit offering for exploration activities on its properties in Quebec. The gross proceeds from the issuance of the FT shares will be used to incur resource exploration expenses that will constitute Canadian exploration expenses and flow-through mining expenditures as defined in the tax act on the company's Native copper project or, if the company's previously announced amended and restated option agreement with Nickel North Exploration Corp. is accepted by the TSX Venture Exchange, the Hawk Ridge property.

In connection with the FT unit offering, the company paid a cash finder's fee of $4,860 and 162,000 non-transferable common share purchase warrants to a certain finder who referred investors to the company, in accordance with applicable law and the policies of the exchange. Each finder's warrant entitles the holder thereof to purchase a warrant share at a price of five cents per warrant share for a period of 36 months following closing of the FT unit offering.

All securities issued pursuant to the FT unit offering are subject to a statutory hold period expiring April 29, 2024.

The company expects to close its previously announced offering of up to 50 million units, with each unit consisting of one common share and one-half of one common share purchase warrant, at a price of two cents per unit for aggregate gross proceeds of up to $1-million in early 2024. Each unit warrant will entitle the holder thereof to acquire one common share in the capital of the company at a price of five cents for a period of 36 months following the closing of the unit offering. Completion of the unit offering remains subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the exchange.

About 1844 Resources Inc.

1844 is an exploration company with a focus in 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.