Mr. Adam Virani reports

DEMESNE RESOURCES LTD. ANNOUNCES CONSULTANT PAYMENTS THROUGH ISSUANCE OF SHARES

Demesne Resources Ltd., further to its press releases dated Aug. 22, 2023, and Oct. 20, 2023, has issued as compensation an aggregate of 230,000 common shares of the company to one consultant and one director. These payments have been made pursuant to certain consulting agreements that provide for payment in common shares for services rendered, payable on a quarterly basis.

About Demesne Resources Ltd.

Demesne Resources is a British Columbia-based company involved in the acquisition and exploration of magnetite mineral properties, with a focus on mineral properties located in British Columbia. The company's sole property is the Star project, consisting of five contiguous mineral titles covering an area of approximately 4,615.75 hectares located in the Skeena mining division, British Columbia, Canada. The company has entered into an option agreement pursuant to which it is entitled to earn an undivided 100-per-cent interest in the Star project.

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