Mr. Robert Klenk reports

JAZZ ANNOUNCES ASSEMBLY OF ITS 800 TONNE PER DAY GRAVIMETRIC MILL ON THE VILA NOVA GOLD PROJECT, AMAPA STATE, BRAZIL

Jazz Resources Inc. has completed the assembly of the 800-tonne-per-day bulk sampling gravimetric mill on the Vila Nova gold property in Amapa, Brazil. Brastorno Tecnologia em Equipamentos Para Mineracao, a Brazilian manufacturer of mineral exploration and mining equipment, was retained in 2021 to design, manufacture and assemble the mill on the property. It is anticipated that the mill will be powered up with electricity and water, and Brastorno will undertake start-up and testing procedures in May, 2022, before the mill will become operational.

The company, together with the operator of the project on the property, Eco Mining Oil & Gaz Drilling and Exploration EIRELI, and all technical consultants and other personnel on the property, is working diligently to bring the mill into operation. The company is focused on commencing bulk sampling as soon as possible, with a view to generating revenue from its royalty interest in the property, pursuant to the terms of the joint venture royalty agreement with Eco.

The technical information in this news release has been prepared in accordance with National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and reviewed and approved by Dr. Stewart A. Jackson, PGeo, a qualified person under NI 43-101 and independent of the company. The company does not report any resources or reserves on the property, and has not prepared a preliminary economic assessment for the purposes of proceeding with any bulk sampling on the property.

The company also announces that 2,909,000 share purchase warrants, issued in 2021, with an exercise price of 35 cents per share, were exercised in March. As a result, the company issued an aggregate of 2,909,000 common shares and received gross proceeds of $1,018,150. The company has used, and intends to use, the net proceeds received from the exercise of warrants to further develop the Vila Nova gold project and for general working capital purposes.

We seek Safe Harbor.