Mr. Sammy Cheng reports

NAME CHANGE AND SHARE CONSOLIDATION

In connection with Tymbal Resources Ltd.'s last annual general meeting held on July 23, 2023, the company will complete a consolidation of the issued and outstanding shares of the company at a ratio of one postconsolidation common share for three preconsolidation common shares. In conjunction of the share consolidation, the company will also change its name to New Tymbal Resources Ltd. and its trading symbol will change to NTB. Related directors' resolution was passed on March 26, 2024. The consolidation and name change will take effect on the opening of business on April 30, 2024.

The share consolidation and name change decision were made after serious consideration with structural planning by management. The management believes the consolidation will increase Tymbal Resources' competitiveness in the stock market and be more attractive to potential share holders.

As a result of the consolidation, the company's currently issued and outstanding 53,826,273 common shares will be reduced to 17,942,091 common shares. No fraction common shares will be issued as a result of the consolidation. Instead, any fractional common shares will be rounded down to the nearest whole number of common shares. The company's new Cusip is 649017100 and its new ISIN (international securities identification number) is CA6490171007.

Registered shareholders will receive a letter of transmittal from the company with information on how to exchange their old share certificate representing preconsolidation common shares with the new share certificates representing postconsolidation common shares. The company's transfer agent, Computershare Trust Company of Canada, will forward to each registered shareholder who has provided the required documents a new share certificate representing the number of postconsolidation common shares to which the shareholder is entitled. Until surrendered, each share certificate representing preconsolidation common share of Tymbal Resources will be deemed for all purposes to represent the number of whole postconsolidation common shares to which the holder is entitled as a result of the consolidation. The consolidation and name change are subject to final acceptance by the TSX Venture Exchange.

About Tymbal Resources Ltd.

Tymbal was incorporated under the Canada Business Corporations Act on June 10, 1980, and has continued as a company under the Business Corporations Act of British Columbia. The company's business objectives are the exploration and evaluation of mineral properties in Canada. The company is listed on the TSX Venture Exchange and is in the process of exploring its mineral properties.