File: '\\swfile\EmailIn\20240515 122135 Attachment News Release - Post AGM (ICI May 15 2024).docx'

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INCEPTUS CAPITAL LTD.

530, 355 Burrard Street

Vancouver, BC V6C 2G8

FOR IMMEDIATE RELEASE TSX-V:ICI.P

INCEPTUS CAPITAL LTD. ANNOUNCES SHAREHOLDER MEETING RESULTS

Vancouver, British Columbia - May 15, 2024 - Inceptus Capital Ltd. ("Inceptus Capital" or the "Company") announces the results of its annual general and special meeting of shareholders (the "Meeting") held in Vancouver, British Columbia, and by telephone conference on May 15, 2024.

At the Meeting, shareholders elected five directors, being Tony Chan, Peter Chen, Jason Lan, Lillian Liu and Christopher Twells. Shareholders appointed Davidson & Company LLP, Chartered Professional Accountants, as the Company's auditor for the ensuing year and re-approved the previously adopted 10% rolling stock option incentive plan.

For additional information, please contact:

Peter Chen, President, Chief Executive Officer, and Director

Telephone: (604) 771-7998

Email: peterchen@proterragroup.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

File: Attachment News Release - Post AGM (ICI May 15 2024).pdf

INCEPTUS CAPITAL LTD. 530, 355 Burrard Street Vancouver, BC V6C 2G8

FOR IMMEDIATE RELEASE TSX-V:ICI.P

INCEPTUS CAPITAL LTD. ANNOUNCES SHAREHOLDER MEETING RESULTS

Vancouver, British Columbia May 15, 2024 Inceptus Capital Ltd. ("Inceptus Capital" or the "Company") announces the results of its annual general and special meeting of shareholders (the "Meeting") held in Vancouver, British Columbia, and by telephone conference on May 15, 2024.

At the Meeting, shareholders elected five directors, being Tony Chan, Peter Chen, Jason Lan, Lillian Liu and Christopher Twells. Shareholders appointed Davidson & Company LLP, Chartered Professional Accountants, as the Company's auditor for the ensuing year and re- approved the previously adopted 10% rolling stock option incentive plan.

For additional information, please contact:

Peter Chen, President, Chief Executive Officer, and Director Telephone: (604) 771-7998 Email: peterchen@proterragroup.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.