Mr. John Mirko reports

TERMINATION OF OPTION ON REVEL RIDGE PROJECT

Further to Rokmaster Resources Corp.'s news release dated March 8, 2024, the company has not made the option payment in the amount of $19.4-million by the deadline of 4:30 p.m. (Vancouver time) on April 8, 2024, stated in a notice of default received by the company from Huakan International Mining Inc.

The notice of default was issued by Huakan with respect to the company not making the current option payment due on Feb. 25, 2024 pursuant to the terms of an option agreement dated Dec. 23, 2019, between the company, Huakan and Huakan's shareholders, as amended on Jan. 30, 2023, granting to the company an option to acquire a 100-per-cent interest in the Revel Ridge project located approximately 45 kilometres from Revelstoke, B.C.

The company has terminated the option agreement, effective immediately. As such, the company is evaluating its prospects and details regarding those plans will be released shortly.