File: '\\swfile\EmailIn\20240927 155046 Attachment Demesne - news release - change of officer (CFO) - September 27, 2024.docx'

LEGAL_44903995.2

LEGAL_44903995.2

DEMESNE RESOURCES LTD. ANNOUNCES

CHANGE OF CHIEF FINANCIAL OFFICER

Vancouver, BC, September 27, 2024 - Demesne Resources Ltd. (CSE:DEME) ("Demesne" or the "Company") announces that John Ross has resigned as the Chief Financial Officer of the Company to pursue other opportunities. The Company would like to thank Mr. Ross for his contributions to the Company.

The Company is pleased to announce that Ajay Toor has been appointed Chief Financial Officer of the Company to fill the vacancy.

Mr. Toor is a finance professional with over six years of experience in investment banking, corporate finance, financial management and full cycle accounting. Mr. Toor successfully completed the Common Final Exam (CFE) and holds a Bachelor in Business from Simon Fraser University.

ABOUT DEMESNE RESOURCES LTD.

Demesne Resources Ltd. 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% interest in the Star Project.

ON BEHALF OF THE BOARD OF DIRECTORS:

Adam Virani

Director

For further information, please contact: Adam Virani, CEO, Corporate Secretary and Director, Email: viraniad@gmail.com; Phone: +56 9-4770-8252.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.