Mr. David O'Brien reports

STUHINI PROPOSES TO EXTEND WARRANTS, ANNOUNCES QUE OPTION TERMINATION

Stuhini Exploration Ltd. intends to extend the expiry date of previously issued common share purchase warrants to purchase up to three million common shares at an exercise price of 50 cents per share. The company also announces that it has chosen to terminate the amended and restated Que property option agreement with the property vendors.

Proposed extension of warrant expiry date

The warrants were issued in connection with a non-brokered private placement of units with each unit composed of one common share and one-half of one common share purchase warrant. The offering closed on March 17, 2023, with three million warrants scheduled to expire on March 17, 2025. If accepted by the TSX Venture Exchange, the company will extend the expiry date of the warrants to March 17, 2027. All other terms and conditions of the warrants will remain unchanged. The extension of the expiry date of the warrants is subject to the acceptance of the TSX Venture Exchange.

Que project option termination

Due to market conditions and the company's recent focus on Nevada, Stuhini has chosen to terminate the option agreement. The company would like to thank the project vendors for the opportunity and for all their efforts, and it looks forward to working with them on other projects.

About Stuhini Exploration Ltd.

Stuhini is a mineral exploration company focused on exploration and development of precious and base metal 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 South Thompson nickel project, 35 km northwest of Grand Rapids, Man.; the Big Ledge property, 57 km south of Revelstoke, B.C.; the Red Hills project in northeastern Nevada; the Jersey Valley project in northwestern Nevada; and the Lindsay project in southeastern Arizona.