Mr. David O'Brien reports

STUHINI ANNOUNCES INTENTION TO EXTEND WARRANT EXPIRY DATES

Stuhini Exploration Ltd. intends to extend the expiry date of previously issued common share purchase warrants to purchase up to 2,999,999 common shares at an exercise price of 35 cents per share. The warrants were issued in connection with a non-brokered private placement of units, each unit comprised one common share and one-half of one warrant. The offering closed in two tranches on Dec. 20, 2022, and Jan. 13, 2023, with 1,969,091 warrants scheduled to expire on Dec. 20, 2024, and 1,030,908 warrants to expire on Jan. 13, 2025, respectively.

If accepted by the TSX Venture Exchange, the company will extend the expiry date of the warrants issued under the Dec. 20, 2022, and Jan. 13, 2023, tranches to Dec. 20, 2026, and Jan. 13, 2027, respectively. All other terms and conditions of the warrants will remain unchanged. The extension of the expiry date in respect of the warrants is subject to the acceptance of the TSX Venture Exchange.

About Stuhini Exploration Ltd.

Stuhini is a mineral exploration company focused on exploration and development of precious and base metals properties in Western Canada and the southwestern United States. The company's portfolio of exploration properties includes: the flagship Ruby Creek property, 14 kilometres east of Atlin, B.C.; the Que project, 70 kilometres north of Johnson's Crossing, Yukon; the South Thompson nickel project, 35 kilometres northwest of Grand Rapids, Man.; the Big Ledge property, 57 kilometres south of Revelstoke, B.C.; the Red Hills project in northeastern Nevada; the Jersey Valley property in northwestern Nevada; and the Lindsay project in southeastern Arizona.