Mr. John Mirko reports

ROKMASTER CLOSES PRIVATE PLACEMENT

Rokmaster Resources Corp. has closed its previously announced non-brokered financing with the issuance of 3.1 million flow-through units at a price of 15 cents per FT unit and 7,166,665 non-flow-through units at a price of 12 cents per NFT unit for gross proceeds of $1,325,000.

Each FT unit comprises one flow-through common share plus one-half non-transferable share purchase warrant to purchase one non-flow-through common share at 25 cents per warrant share, which expires on Aug. 24, 2023. The FT warrants are subject to an acceleration provision as more detailed in the company's news release dated Aug. 12, 2022.

Each NFT unit comprises one common share plus one non-transferable share purchase warrant to purchase a warrant share at 20 cents, which expires on Aug. 24, 2023. The NFT warrants are subject to an acceleration provision as more detailed in the company's news release dated Aug. 12, 2022.

In connection with the closing of the financing, the company paid cash finder's fees in aggregate of $88,100 and issued a total of 687,666 finder's warrants to certain finders, and of the total finder's warrants issued, 186,000 have the same terms as the FT warrants and 501,666 have the same terms as the NFT warrants.

The financing is subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and other regulatory approvals. All securities issued pursuant to the financing are subject to a statutory hold period which expires on Dec. 25, 2022. Proceeds from the financing will be used for exploration and general working capital purposes.

An insider of the company subscribed for 2,166,666 NFT units in the financing for gross proceeds of $260,000, which participation constituted a related party transaction as defined under Multilateral Instrument 61-101. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insider, nor the consideration for the securities paid by such insider, exceed 25 per cent of the company's market capitalization.

We seek Safe Harbor.