Mr. Steve Roebuck reports

HIGH TIDE RESOURCES ANNOUNCES CHANGES TO BOARD OF DIRECTORS

Stephen Altmann has stepped down from High Tide Resources Corp.'s board of directors and from his role as chairman. Mr. Altmann will continue to be associated with High Tide in an advisory capacity. At the same time, Jean-Francois Meilleur has been appointed chairman of the board.

Steve Roebuck, director and chief executive officer of High Tide, states: "On behalf of the board and management team, I would like to thank Steve for his years of dedicated service and leadership. We sincerely wish him well in his future endeavours. We are pleased that Jean-Francois Meilleur has agreed to assume the role of chairman. He brings a strong combination of energy and capital markets experience that will be instrumental as we advance the Labrador West iron project to the next stage of development."

About High Tide Resources Corp.

High Tide is focused on and committed to the development of mineral projects critical to infrastructure development using industry best practices combined with a strong social licence from local communities. High Tide owns a 100-per-cent interest in the Labrador West iron project which hosts a National Instrument 43-101 inferred iron resource of 655 Mt (million tonnes) at 28.84 per cent Fe and is located adjacent to IOCC's Carol Lake mine in Labrador City, Nfld. This resource is exposed at surface and was pit constrained for an open-pit mining scenario. The technical report was filed on SEDAR+ on April 6, 2023, and was authored by Ryan Kressall, MSc, PGeo, Matthew Herrington, MSc, PGeo, Catharine Pelletier, PEng, and Jeffrey Cassoff, PEng.

The company also owns a 100-per-cent interest in the Lac Pegma copper-nickel-cobalt deposit located 50 kilometres southeast of Fermont, Que.

Further details on the company, including a NI 43-101 technical report on the Labrador West Iron property can be found on the company's website.

Qualified person

The technical information contained in this news release has been approved by Steve Roebuck, PGeo, director, president and chief executive officer of High Tide, who is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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