Mr. Jon Ward reports

CORCEL EXPLORATION APPOINTS GRANT TANAKA AS CHIEF FINANCIAL OFFICER

Grant Tanaka has been appointed chief financial officer of Corcel Exploration Inc. to replace Kyle Nazareth. Corcel thanks Mr. Nazareth for his contributions and dedication to the company, and wishes him continued success in his future endeavours.

Mr. Tanaka brings over 15 years of financial leadership experience in the mining industry. He is the chief financial officer of Vizsla Royalties Corp. and Vizsla Copper Corp., and was a director, finance operations, of Ma'aden Gold & Base Metals Co. Prior to this, he held senior financial positions at Teck Resources Ltd., New Gold Inc., Copper Mountain Mining Corp. and Bisha Mining Share Company, an operating subsidiary of Nevsun Resources Ltd. He has experience at both the corporate and operational levels, having worked throughout North America, Africa and the Middle East in gold, base metal and coal operations.

"We are excited to welcome Grant as our new chief financial officer," commented Corcel chief executive officer Jon Ward. "Grant brings strong financial leadership and public company experience that will be instrumental as we continue to advance our exploration strategy and position the company for future growth."

Stock option grant

Corcel has granted a total of 2.22 million stock options to directors, officers, employees and consultants of the company, with each option exercisable at a price of 26.5 cents to acquire one common share of the company until Jan. 15, 2031, and having vested immediately.

About Corcel Exploration Inc.

Corcel is a mineral resource company engaged in the acquisition and exploration of precious and base metal properties throughout North America. The company has entered a long-term lease agreement to acquire the Yuma King copper-gold project in Arizona, which spans a district-scale land position of 3,200 hectares comprising 515 unpatented federal mining claims in the Ellsworth mining district, including the past-producing Yuma mine, which saw underground production of copper, lead, gold and silver between 1940 and 1963. The company also holds an option to acquire a 100-per-cent undivided right, title and interest in and to the Peak gold exploration project, and holds a 100-per-cent interest in the Willow copper project.

We seek Safe Harbor.