Mr. Tom MacNeill reports

EROS RESOURCES CORP. ACQUIRES SHARES OF LINCOLN GOLD MINING INC.

In connection with the closing of its sale of the Bell Mountain gold project located in Churchill county, Nevada, to Lincoln Gold Mining Inc. (Suite 400, 789 West Pender St., Vancouver, B.C., V6C 1H2) on Jan. 6, 2025, Eros Resources Corp., having a head office address at Suite 420, 789 West Pender St., Vancouver, B.C., V6C 1H2, and which is incorporated under the Business Corporations Act (British Columbia), acquired three million common shares of Lincoln at a deemed issue price of 12.75 cents per share pursuant to a purchase agreement dated Nov. 3, 2023, as amended.

In accordance with the agreement, Eros will also receive 1.5 million Lincoln shares within five business days of the date on which Lincoln completes any issuance of Lincoln shares that results in at least 28.5 million Lincoln shares issued and outstanding.

Prior to the closing of the transaction, the company did not own, directly or indirectly, or exercised control over, any securities of Lincoln. Upon completion of the transaction, the company now owns, directly and indirectly, and exercises control over, three million Lincoln shares, representing approximately 16.61 per cent of the issued and outstanding Lincoln shares. Upon the issuance of the additional consideration shares, the company will own, directly and indirectly, and exercise control over, 4.5 million Lincoln shares, representing approximately 15.79 per cent of the issued and outstanding Lincoln shares assuming Eros does not acquire any other securities of Lincoln and there are 28.5 million Lincoln shares issued and outstanding.

The company received the Lincoln shares (including the additional consideration shares when issued) as partial consideration for its sale of the project. The Lincoln shares (including the additional consideration shares when issued) were received for investment purposes. The company may, in the future, take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including acquiring ownership or control over additional Lincoln shares or other securities of Lincoln or the disposition of all or a portion of its holdings in open market or in privately negotiated transactions.

A copy of the early warning report in respect of this transaction has been filed with the applicable securities commissions and can be found under Lincoln's profile on SEDAR+. For further information or to obtain a copy of the early warning report regarding the information contained in this news release, please contact the company at 604-688-8115.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104, Take-Over Bids and Issuer Bids, and National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

About Eros Resources Corp.

Eros Resources is a Canadian public company listed on the TSX Venture Exchange. Eros's business objective is the identification, acquisition and exploration of advanced-stage projects with a North American focus. In addition, Eros plans to make strategic investments with a global focus on a diverse commodity base.

We seek Safe Harbor.