Mr. Sylvain Laberge reports

1844 ANNOUNCES SHARES FOR DEBT SETTLEMENT AND DEBT POSTPONEMENT

1844 Resources Inc. has entered into share-for-debt agreements with certain arm's-length creditors and a company owned by one of the directors of the company to settle debt in an aggregate amount of $355,296.75 (1) in relation to services provided by the creditors to the company by the issuance of 5,815,935 common shares in the capital of the company at a deemed price of five cents per share.

All the shares issued in connection with the debt settlement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.

Closing of the debt settlement is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the TSX Venture Exchange.

Additionally, the company has postponed debt in an aggregate amount of $281,752.57 with certain creditors for a minimum of six months and a maximum of 12 months.

About 1844 Resources Inc.

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

(1) 1844 is settling $57,500 of $122,000 owing to the company owned by a director of the company through shares at a deemed price of five cents per share. The remainder of the balance, $64,500, has been written off.

We seek Safe Harbor.